Reconciliations Associate III
Allstate Solutions · Pune · onsite · Posted 22d ago
Undisclosed0–2 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Summary
This is an entry-level position within the accounts receivables team, responsible for performing routine accounting transactions accurately and efficiently. The Associate works under close supervision, supporting the team by handling day-to-day transactional requests and assisting with process documentation and compliance adherence.
Key Responsibilities - Process depository transactions including cash application, lockbox receipts, suspense account transactions, and account maintenance activities within by following established Standard Operating Procedures (SOPs)
- Review daily deposit activity and identify unmatched, unapplied, or outstanding cash transactions.
- Support remittance processing and accurate allocation of incoming premium and customer payments.
- Adhere to established procedures, internal controls, compliance requirements, and audit standards.
- Maintain accurate records of customer interactions, payment transactions, and deposit activities.
- Monitor unapplied cash, short payments, unidentified deposits, and suspense account balances.
- Escalate unresolved issues and exceptions within established timelines.
- Maintain process documentation, audit trails, and supporting records.
- Bachelors degree in Commerce, Accounting, Finance, or related discipline
- Fresher or
- This job does not have supervisory duties.
- In lieu of the above education requirements, an equivalent combination of education and experience may be considered.
- Account Reconciliations
Sourced from naukri
Skills
account maintenanceSolution Designprocess documentationinternal controlsCash Applicationmeanservice designpolicy administrationGlobal OperationsoperationsmaintenanceAdministrationAccountingcompliancefinancerecruiter
About Allstate
Allstate Solutions
Insurance
7.0k+
employees
2012
14 years old
Bangalore / Bengaluru, Karnataka
US
₹13.4L PA avg
Avg at Allstate
About
With offices in Bangalore & Pune, we provide operations, technology, analytics and other IT-enabled services.
Industries
InsuranceFinancial ServicesAnalytics & KPO
Employee ratings
10 reviews
3.7/ 5
Culture
1.9
Career growth
1.9
Work-life
2.8
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