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37 Allstate Jobs

Reconciliations Team Lead

5-8 years

Pune

Reconciliations Team Lead

Allstate

posted 23hr ago

Job Role Insights

Flexible timing

Key skills for the job

Job Description

The Reconciliations Team Lead II will be a key contributor to our financial operations, overseeing the reconciliation process and providing leadership to a dedicated team. This role requires a detail-oriented professional with strong analytical skills, a deep understanding of financial reconciliations, and the ability to guide and inspire a high-performing team.Key Responsibilities

Lead and guide a team of reconciliation specialists, providing guidance, mentorship, and support.

Maintain accurate documentation of reconciliation processes, ensuring adherence to regulatory standards.

Maintain accurate documentation of reconciliation processes, ensuring adherence to regulatory standards.

Generate comprehensive reports on reconciliation outcomes, trends, and key performance indicators and assist with Identification of future technologies and systems.

Oversee the reconciliation process for various financial accounts, ensuring accuracy, completeness, and compliance with industry standards.

Foster a positive and results-driven team environment to ensure the achievement of departmental goals.

Collaborate with cross-functional teams to implement best practices and streamline reconciliation procedures.

Identify opportunities for process improvements within the reconciliation function to enhance efficiency and reduce risk.

Conduct regular reviews to identify discrepancies and variances, guiding the team in effective issue resolution.

Approve GL Accounts in SAP and Journal Voucher approvals.

Conduct monthly coaching, identify training needs and recommend programs to develop future skillsets.
Education

Bachelors Degree in Accounting or related field

Experience

Minimum 5 years of experience in Financial Reconciliations, with at least 2 years in leadership or supervisory capacity.

Knowledge of R2R, relevant accounting principles, regulations and SOX controls.

Understanding of General Ledger coding and expected outcome of Journal Entries

Good communication skills - written and verbal

Experience of Reconciliations (Prepare and Review) mandatory

Ability to lead and motivate team

Supervisory Responsibilities

Employment Type: Full Time, Permanent

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Allstate Interview Questions & Tips

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What people at Allstate are saying

4.3
 Rating based on 18 Team Lead reviews

Likes

The pay and other benefits are better

  • Salary - Excellent
    +2 more
Dislikes

Only promotion are selected and predecided

  • Promotions - Poor
Read 18 Team Lead reviews

Team Lead salary at Allstate

reported by 107 employees with 9-17 years exp.
₹8 L/yr - ₹22.4 L/yr
69% more than the average Team Lead Salary in India
View more details

What Allstate employees are saying about work life

based on 1.6k employees
60%
89%
76%
57%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Allstate Benefits

Free Transport
Health Insurance
Team Outings
Work From Home
Soft Skill Training
Cafeteria +6 more
View more benefits

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Allstate Pune Office Location

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Pune Office
Gera Commerzone, 9th Floor, Unit 901, R4 Building, (KRC Infrastructure and Projects Pvt Ltd. SEZ), Survey No. 65, Kharadi, Haveli Taluka, District Pune, Maharashtra, Pune
411014

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