Accounts Receivables - Billing & Cash Applications

Role and Skill: Accounts Receivables - Billing & Cash Applications

Experience: 4 years to 6 years

Job Location: Pune

Shift: 24x7

Job Qualification:- B.com, M.com, MBA or equivalent

Responsibilities :-

Responsible for posting payments from various lockboxes to the customer accounts in a timely manner

research and resolution of aged unidentified and unapplied cash receipts and accurate posting to customer accounts

Coordinate payments made by a lockbox ACH/Wire and other adjustments to customer account for credits/debits and account write-offs

Work with both internal/external stakeholders to resolve for unidentified cash

Reconcile Cash - Balance Accounting system funds against bank deposits and daily/monthly reconciliations

Communicate effectively with customers and internal teams regarding required remittance or cash application information

Identify areas of improvement to streamline and automate the process

Update process documentation that includes Standard Operating procedures / FMEAs / SIPOCs and other Quality manuals as and when required.

Supervises, coordinates, and directs the work activities of assigned employees.

Generate agency and direct-bill invoices for new policies, endorsements, renewals, and cancellations

Coordinate with servicing and producers for missing or incorrect billing data.

Investigate and resolve billing discrepancies with clients or carriers

Maintain accurate documentation and compliance with regulatory and internal standards.

Skills & Experience :-

Graduate with a minimum of 1–5 years of billing/account Receivables in the insurance or financial services industry.

Experience in Accounts (Cash Applications preferred)

Familiarity with agency management systems (Applied Epic, AMS360, etc.) is preferred.

Basic knowledge of insurance terms and billing cycles.

Strong analytical, problem-solving, and communication skills.

High attention to detail and time management

Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred

Prior experience in the insurance brokerage industry or P&C insurance

Provide excellent Customer Service to internal and external customers

Excellent verbal (oral) and written communication

Proficient with MS Office - Microsoft Excel and Microsoft Outlook (Other system experience is a plus)

Strong analytical and organizational skills with attention to detail

Ability to execute transactions as per prescribed guidelines and timelines in order to meet the SLA and quality standards.

Willing SLA and quality standards.

Location

Pune

Job Function

BUSINESS PROCESS SERVICES

Role

Executive

Job Id

418167

Desired Skills

Finance and Accounting

Desired Candidate Profile

Qualifications : BACHELOR OF COMMERCE