WTW | Walkin Drive - Payable Administrator - 28th Jan - Vikhroli

Job Summary

Ensure all the premiums received from the clients are paid out to the Carriers.

Reconcile the carrier statements & resolves discrepancies.

Principal Duties/Responsibilities

•      Review ledgers to identify items payable to Carriers/Clients/Sub Brokers and other entities.

•      Provide payment back-ups to the payee for application of funds.

•      Reconcile Carrier statement with WTW books of accounts.

•      Liaise with client managers and carriers for payment issues, reconciliation discrepancies and unallocated cash.

•      Review of open ledgers and perform small balance write-offs, offsets, etc. as per the accounting guidelines

•      Handling clearance of uncashed /uncleared checks.

•      Timely and effective responses to all queries, requests, corrections, etc. received from field offices/carriers in centralized agency mailboxes.

•      Handling Intercompany Reconciliation by liaising with field offices and other WTW locations.

•      Following SOPs, Client / Carrier specifications and adherence of all statutory requirements.

•      Participate and contribute in potential process improvement areas.

•      Ensure ongoing, effective relationships with stakeholders (Internal/external).

•      Deliver as per defined KPI's for the role - Maintain Quality and Turnaround standards.

•      Understanding of upstream and downstream processes.

Top 5 Competencies

•      Business Communication

•      Analytical Skills

•      Creative and Logical Thinking

•      Eye for detail

•      Time management

Required Qualifications, Skills, Knowledge, Experience

Qualifications: Graduate/Post Graduate

Skills:

• Good verbal and written communication skills.
• Eye for detail due to great amount of financial information.
• Energetic, enthusiastic individuals.
• Logical thinking skillset is a must.
• Ability to learn new processes and systems, also should have the ability to adapt to changes.
• Ability to prioritize and organize tasks, work within stiff timelines.
• Ability to work independently and as part of a team.
• Ability to work under pressure and meet tight deadlines.

Knowledge:

• Good understanding of Accounting & Insurance Principles.
• Good understanding and knowledge of MS office (Especially MS Excel).

Experience:

•      1 Year experience in Accounting/Financial Process preferable.

• 1 to 6 years

Shift timings:

6:30PM to 3:30AM