Job Description

Role

Payable Accountant

Designation

Advisor/ Senior Advisor

Business Unit

National Accounting Center (NAC)

Shift Timings

Evening (6:30 PM to 3.30 AM)

Location

Vikhroli

Reporting to

Business Support Team Supervisor/Assistant Manager

Job Summary

Ensure all the premiums received from the clients are paid out to the Carriers.

Reconcile the carrier statements & resolves discrepancies.

Principal Duties/Responsibilities

• Review ledgers to identify items payable to Carriers/Clients/Sub Brokers and other entities.
• Provide payment back-ups to the payee for application of funds.
• Reconcile Carrier statement with WTW books of accounts.
• Liaise with client managers and carriers for payment issues, reconciliation discrepancies and unallocated cash.
• Review of open ledgers and perform small balance write-offs, offsets, etc. as per the accounting guidelines
• Handling clearance of uncashed /uncleared checks.
• Timely and effective responses to all queries, requests, corrections, etc. received from field offices/carriers in centralized agency mailboxes.
• Handling Intercompany Reconciliation by liaising with field offices and other WTW locations.
• Following SOPs, Client / Carrier specifications and adherence of all statutory requirements.
• Participate and contribute in potential process improvement areas.
• Ensure ongoing, effective relationships with stakeholders (Internal/external).
• Deliver as per defined KPI's for the role - Maintain Quality and Turnaround standards.
• Understanding of upstream and downstream processes.

Top 5 Competencies

• Business Communication
• Analytical Skills
• Creative and Logical Thinking
• Eye for detail
• Time management

Required Qualifications, Skills, Knowledge, Experience

Qualifications: Graduate/Post Graduate

Skills:

• Good verbal and written communication skills.
• Eye for detail due to great amount of financial information.
• Energetic, enthusiastic individuals.
• Logical thinking skillset is a must.
• Ability to learn new processes and systems, also should have the ability to adapt to changes.
• Ability to prioritize and organize tasks, work within stiff timelines.
• Ability to work independently and as part of a team.
• Ability to work under pressure and meet tight deadlines.

Knowledge:

• Good understanding of Accounting & Insurance Principles.
• Good understanding and knowledge of MS office (Especially MS Excel).

Experience:

• 1 Year experience in Accounting/Financial Process preferable.

Graduate