Accounting and Settlement Advisor

Thane - India

Monthly Salary: Not Disclosed

Posted on: 7 hours ago

Vacancies: 1 Vacancy

Department:

Operations

Job Summary

Description

About Team

The Accounting and Settlement team is responsible for reviewing client accounts preparing and issuing periodic statements reconciling accounting entries and ensuring accurate recording of receipts payments and journals.

It also ensure excellent account management through completion of all Account payable & receivable activities in agreed timelines and maintaining quality benchmarks along with adherence of group policies and process guidelines

Job Summary:

The role involves resolving transaction discrepancies managing uncorrelated cash outstanding debts and settling balances with clients underwriters and insurers.
It also includes processing payments reviewing bank statements performing end-of-day reconciliations and maintaining accurate financial records.
Regular coordination with clients underwriters and internal teams including email and voice communication is required to ensure timely resolution of queries and settlements.

Principal Duties and Responsibilities

Operational Delivery

Processing payment requests in compliance with financial policies and procedures
Conduct reconciliation of incoming & outgoing statements for Clients/ Carriers and maintain up to date records on operating system
Perform daily cash management duties which includes posting of cash to the ledgers conducting investigation and ensuring appropriate allocation of funds within agreed Service Level Agreement
Prompt escalations of identified discrepancies to front end team
Manage ledger maintenance requests on daily basis and update records of the actions taken on the operating system
Managing document & backup requests from the customers within agreed timelines
Maintain vigilance and responsiveness to urgent activity ensuring appropriate escalation to the line manager for unresolved queries.
Ensure adherence to Group policies and procedures & Willis Insurance Essentials
Escalate errors and incidents to the Line Manager and operate within the guidelines of internal and external regulators
Proactively support key initiatives that have been delivered to implement change
Participate and contribute in team huddles & team meetings

Skills:

Sound communication skills - Use of clear business English toenable effective direct communication (Verbal/Written) with stakeholders.
Good understanding ofaccount receivable and payable processes
High degree of accuracy and attention to detail Ability to learn new processes and systems
Ability to switch & prioritise multiple tasks as per requirement
Proficiency in Microsoft OfficeApplications.

Experience:

Experience in relevant industry preferred

Responsibilities

Qualifications

Any Graduate

The Application Process

Stage 1: Online application and recruiter review
Stage 2: Pre-recorded video interview
Stage 3: Live video or in person interview with hiring manager and team
Stage 4: Offer and onboarding

Were committed to equal employment opportunity and provide application interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers from the application process through to joining WTW please email.

Required Experience:

Unclear Seniority

DescriptionAbout TeamThe Accounting and Settlement team is responsible for reviewing client accounts preparing and issuing periodic statements reconciling accounting entries and ensuring accurate recording of receipts payments and journals.It also ensure excellent account management through completi...