Cash Applications Specialist

1 week ago


Chennai, Tamil Nadu, India Genpact Full time

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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