Senior Accounting Specialist

2 weeks ago


Noida, Uttar Pradesh, India exl Full time

Job Highlights

ExL is seeking a skilled Accounting Specialist to support key operational functions, including premium accounting, book roll activities, processing endorsement and underwriting for auto and home insurance across personal and commercial lines.

Responsibilities

  • Adjust and reallocate misapplied payments with accuracy and efficiency
  • Apply payments accurately to ensure proper policy administration
  • Set up and remove auto pay/EFT options for policyholders
  • Change payment method, such as converting from EFT to mortgage billing
  • Maintain accurate records and documentation according to company standards
  • Collaborate with internal teams to resolve discrepancies and ensure smooth processing

Book Roll Responsibilities

  • Support the transfer of an entire book of business from one agency to another
  • Verify the accuracy of policy details and ensure that all data related to the book of business is correct and up-to-date before initiating the rule
  • Cross-check policies within the book to identify and reconcile any discrepancies between the source and target system
  • Maintain thorough documentation of the book roll process, including tracking any changes or updates made during the transfer
  • Collaborate with underwriting accounting and other relevant teams to ensure smooth and timely completion of the book roll process
  • Enter and update policy information in the appropriate systems during and after the book roll, ensuring that all data is accurately reflected
  • Ensure that the book roll process adheres to all regulatory and company compliance standards

Endorsement Responsibilities

  • Accurately process endorsement requests for auto and home insurance policies, including policy modifications, coverage additions, and other adjustments as requested by policyholders or agents
  • Review existing policies to ensure that requested endorsements comply with underwriting guidelines and company policies
  • Verify all necessary information before processing changes
  • Maintain data integrity and accuracy
  • Ensure that all endorsements are processed in accordance with regulatory requirements and company standards, including adherence to state-specific insurance laws
  • Identify and resolve any discrepancies or issues that arise during the endorsement process
  • Stay updated on changes in company policies, procedures, and industry regulations related to auto and home insurance endorsements

Qualifications and Skills

  • Bachelor's degree
  • Proficient in Microsoft Office suite (Word, Excel, Outlook)
  • Typing speed of 30 WPM with 90% accuracy
  • Able to make decisions following process guidelines
  • Strong attention to detail and ability to handle multiple tasks
  • Good knowledge of Property & Casualty insurance domain is preferred
  • Good communication skills (written & verbal - CEF B1-5)
  • Good comprehension skills


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