Management Trainee Cash applications

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients.  Powered by our purpose - the relentless pursuit of a world that works better for people - we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.   

We are inviting applications for the role of MT, Cash Applications

In this role, you will be responsible to Work closely with and within Property & Casualty Insurance Finance operations management team.

Responsibilities •    Daily Liquidity management for cash funding •    IC loan, G&A and capital contribution settlement with other platforms •    Actual cash analysis on platform and consolidation on group level •    Counter party risk management for platform and group •    Preference share dividend Interest payment and booking of long term debt •    Corporate credit card booking and reconciliation from cash side. •    Review collection reports to determine the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy. •    Managing queries, statement, invoices and premium remittance via finance email box. •    Daily bank transaction download to update cash log file and allocate them as per details •    Post documentation receipt further assess status of KYC refresh as per ‘gap’ letter and further coordinate for missing documents •    Review claims workflow for claim payment processing •    Booking claims payment including proportional claims •    Premium and claims matching in system •    Non-claims payment and booking as provided by other department •    Review journal entry and posting in system •    Payments authorization on bank website as first approver •    Age receivables including follow-up comments on outstanding premium •    Unmatched & unallocated premium initial follow-up with broker and underwriters •    Bank reconciliation for all bank accounts. •    Connect with account payable and account receivable teams for open items. •    Show open items in summary sheet with follow-up comments •    Discussion with department head on current year expense forecast and next year planning •    Creation of planning template for 30 cost center based on gathered information •    Monthly follow-up meeting with department heads (DH) on future changes •    Encouraging information in group planning template and send to group planning team for review •    Seek and make changes as per group planning team •    MI expense template update on quarterly basis •    Provide commentary on variances for QTD and YTD numbers •    Circulation of plan vs actual expense report to DH •    Seek queries send by DH •    Maintain and update employee benefit allowance tracker

Qualifications we seek in you Minimum Qualification •    B.Com Graduate

Preferred Qualification •    Strong Cash operations knowledge in Credit Control, Treasury & bank Reconciliation and FP&A •    Advanced user of Excel •    Ability to act on own initiative •    Must demonstrate a high level of self-motivation, energy and flexibility •    Ability to handle multifaceted volumes of workloads and to reach targets and deadlines on a timely basis •    Innovative and always looking for continuous improvement in order to develop succession plan for staff •    Good communication skills, interpersonal, verbal and written communication skills (in English) •    Exercises good judgement on day to day business problems and provides recommendations for solving course correction

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.