Finance Associate

Job Description - Cash & Check Reconciliation

Position Title:

Agent/ Associate Accountant
Function, Responsibility Level: Accounts / Sr Accounts Associate

Reports to (Responsibility Level): Assistant Manager / TL - Operations

Supervises:

Location:

Jaipur

Global Grade:

Cost Center (85 series):

Complexity:

C4T4

PID/s Load Mapping:

Position Summary

Perform a variety of accounting reconciliation functions to report financial information in accurate and timely manner. Follow-up with banks and lines of business at client-end for closure of accounting open items. Maintain data and records in accordance with generally accepted accounting principles and reporting requirements. Produce monthly reconciliation statements.

Job Responsibilities
• Analyze, validate and process transactions as per Desktop procedures (L3 & L4).
• Reconcile bank to ledger transactions for all accounts.
• Analyze and research all discrepancies in various applications tools.
• Investigate and resolve outstanding items.
• Follow-up with banks and other internal customers for closure of open items and provide back-up for all discrepancies.
• Prepare basic financial reports.
• Perform mid-month, month-end and quarter-end activities as per documented desktop procedures.
• Ensure that the assigned targets are met in accordance with SLA and Internal standards.
• Ensure that the quality of transaction is in compliance with predefined parameters as defined by Process Excellence.
• Ensure adherence to established attendance schedules.

Knowledge, Skills and Abilities

Education
• Graduate in Accounting / Commerce / Business Administration with at least 15 years of education.

Experience
• Minimum six months of work experience in a related field is required. Experience in Insurance organizations, Banks shall be preferred.
• Fresher college graduates can be considered.

Knowledge and skills (general and technical)
• Good computer navigation skills
• Good keyboarding speed
• Good knowledge of complete MS Office suite
• Knowledge about the Insurance industry in US
• Knowledge about US Culture
• Knowledge of Accounting principles
• Proficiency in English
• Communication skills - should be able to read, interpret business documents. Good oral/written communication
• Analytical and interpersonal skills
• Escalate issues if required
• Data gathering ability/ Eye for detail
• Team work/ Managing Self / Adaptability
• Ability to work successfully in production driven environment
• Adaptability to change
• Ability to work on routine/standardized transactions
• Self-disciplined and result oriented
• Ability to multi task
• Ability to work effectively as part of a team

Other Requirements (licenses, certifications, specialized training - if required)
• N/A

Working Relationships

Internal Contacts(and purpose of relationship):
• AM for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support.
• Manager for the purpose of settling issues left unresolved by the AM and monthly evaluation of performance.
• Associate Accountants for the purpose of seeking cooperation & clarification on process-related matters & providing assistance and support when required.
• Subject Matter Expert for the purpose of work thread related issues and escalated transactions.
• QCA / Finance Specialist for the purpose of feedback and audit.
• Trainers for the purpose of Pre-process and Process training.

External Contacts

(and purpose of relationship) - If Applicable
• SME / Trainers at the client end for training.
• Banks all over the client home country for follow-up work for closure of open unreconciled accounting items.
• Client's various lines of businesses for follow-up work for closure of open unreconciled accounting items