WTW | Walkin Drive - Payable Accountant - 4th April - Vikhroli

Job Description

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. 2 to 7 years Shift timings: 6:30PM to 3:30AM