DG Management Trainee - OTC

With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it. Now, we’re calling all you rule-breakers and risk-takers who see the world differently, and are bold enough to reinvent it. Come, transform with us. Are you the one we are looking for?

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
• Counterparty risk management for platform and group
• Preference share dividend Interest payment and booking of long term debt
• Corporate credit card booking and reconciliation from the cash side.
• Review collection reports determining the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy.
• Managing queries, statements, invoices, and premium remittance via the finance email box.
• Daily bank transaction download to update cash log file and allocate them as per details
• Post documentation receipt further assess the 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 the system
• Non-claims payment and booking as provided by another department
• Review-journal entry and posting in the system
• Payments authorization on bank website as the 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 the department head on current year expense forecast and next year planning
• Creation of planning template for 30 cost centers based on gathered information
• Monthly follow-up meeting with department heads (DH) on future changes
• Encouraging information in group planning template and send to the group planning team for review
• Seek and make changes as per group planning team
• MI expense template update on a quarterly basis
• Provide commentary on variances for QTD and YTD numbers
• Circulation of plan vs actual expense report to DH
• Seek queries sent by DH
• Maintain and update employee benefit allowance tracker

Qualifications We Seek In You

• 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 a succession plan for staff
• Good communication skills, interpersonal, verbal, and written communication skills (in English)
• Exercises good judgment on a 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. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.

Job
Management Trainee

Primary Location
India-Kolkata

Schedule
Full-time

Education Level
Bachelor's / Graduation / Equivalent

Master Skills List
Operations

Job Category
Full Time