US NAC H&B – Replacement Role

1 week ago


Mumbai, Maharashtra, India WTW Full time

About WTW:

Our distinct, connected perspective across talent, assets and ideas unlocks potential for our clients. While many just look at mitigating the downside, we see how a unified approach to people and risk is a path to growth. Powered by market analytics and behavioral insight, our integrated teams reveal hidden value within the critical intersections of our clients' organizations. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals.

Roles:

Handle Receipts, Application of premiums & fees received from Clients/Insurance companies and booking Commissions received from Insurance companies.

Responsibility:

Allocation of funds (EFT or Cheque) received from Client, broker or insurance company by researching relevant payment information received Booking of commissions against relevant client/policy in the system on basis of documentation received from Insurance companies. Timely clearance of return commissions to Insurance companies to avoid any potential penalties Liaise with Client managers and Insurance companies for resolving discrepancies and unallocated cash Timely and effective responses to all queries, requests, corrections, etc. received from field offices/insurance companies. Bi-weekly review of open ledgers and perform write-offs, offsets, etc. as per the accounting guidelines Following Procedures, Client / Insurance Companies specifications and adherence of all statutory requirements. Ensure ongoing, effective relationships with all stakeholders (Internal/external). Maintain Quality and Timelines standards.
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