Reconciliations Associate III

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.

Education

• Bachelor s degree in Commerce, Accounting, Finance, or related discipline

Experience

• Fresher
• This job does not have supervisory duties.

Education Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Primary Skills

• Account Reconciliations

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