Cash Applications Specialist
1 week ago
We are seeking a highly motivated and detail-oriented individual to join our team as a Cash Applications Specialist at Genpact.
In this role, you will be responsible for managing daily liquidity, working closely with the Property & Casualty Insurance Finance operations management team, and ensuring accurate cash analysis and counterparty risk management.
Key responsibilities include:
- Daily cash funding management
- Settlement of IC loans, G&A, and capital contributions
- Actual cash analysis and consolidation
- Counterparty risk management
- Preference share dividend interest payment and booking of long-term debt
- Corporate credit card booking and reconciliation
- Review of collection reports and compliance with the Credit & Collection policy
- Management of finance-related emails and queries
- Daily bank transaction download and allocation
- Post-documentation and KYC refresh assessment
- Review of claims workflow and payment processing
- Booking of claims payments, including proportional claims
- Premium and claims matching in the system
- Non-claims payments and booking
- Review of journal entries and postings
- Payment authorization on the bank website
- Age receivables and follow-up comments on outstanding premiums
- Unmatched and unallocated premium initial follow-up with brokers and underwriters
- Bank reconciliation for all bank accounts
- Collaboration with account payable and account receivable teams for open items
- Display of open items in a summary sheet with follow-up comments
- Discussion with department heads on current year expense forecasts and next year planning
- Creation of a planning template for 30 cost centers
- Monthly follow-up meetings with department heads on future changes
- Encouragement of information in the group planning template and submission to the group planning team for review
- Seeking and making changes as per the group planning team
- Update of the MI expense template on a quarterly basis
- Providing commentary on variances for QTD and YTD numbers
- Circulation of plan vs actual expense reports to department heads
- Seeking queries from department heads
- Maintenance and update of the employee benefit allowance tracker
To be successful in this role, you will need:
- Bachelor's degree in Commerce or related field
- Strong knowledge of cash operations, credit control, treasury, and bank reconciliation
- Advanced user of Excel
- Ability to act on own initiative, demonstrate self-motivation, and flexibility
- Ability to handle multifaceted volumes of workloads and reach targets and deadlines on a timely basis
- Innovative and always looking for continuous improvement to develop a succession plan for staff
- Good communication skills, including interpersonal, verbal, and written communication skills in English
- Exercises good judgment on day-to-day business problems and provides recommendations for solving course correction
Join our team of professionals at Genpact and take on this exciting opportunity to grow your career in finance operations.
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