Sr. Accounts Associate - Cash Reconciliation

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

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

• 2-3 years of work experience in a related field is required
• Experience in Insurance organizations, Banks shall be preferred
• Fresher college graduates can be considered

• 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

• Escalate issues if required
• Data gathering ability/ Eye for detail
• Teamwork/ 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 multitask
• Ability to work effectively as part of a team