Management Trainee OTC

Genpact (NYSE : G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125000 people across 30 countries are driven by our innate curiosity entrepreneurial agility and desire to create lasting value for clients. Powered by our purpose - the relentless pursuit of a world that works better for people - we serve and transform leading enterprises including the Fortune Global 500 with our deep business and industry knowledge digital operations services and expertise in data technology and AI.

We are inviting applications for the role of Management Trainee Cash Applications

In this role you will be responsible to Work closely with and within Property & Casualty Insurance Finance operations management team.

Responsibilities

Daily Liquidity management for cash funding

IC loan G&A and capital contribution settlement with other platforms

Actual cash analysis on platform and consolidation on group level

Counter party risk management for platform and group

Preference share dividend Interest payment and booking of long term debt

Corporate credit card booking and reconciliation from cash side.

Review collection reports to determine the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy.

Managing queries statement invoices and premium remittance via finance email box.

Daily bank transaction download to update cash log file and allocate them as per details

Post documentation receipt further assess status of KYC refresh as per gap letter and further coordinate for missing documents

Review claims workflow for claim payment processing

Booking claims payment including proportional claims

Premium and claims matching in system

Non-claims payment and booking as provided by other department

Review journal entry and posting in system

Payments authorization on bank website as first approver

Age receivables including follow-up comments on outstanding premium

Unmatched & unallocated premium initial follow-up with broker and underwriters

Bank reconciliation for all bank accounts.

Connect with account payable and account receivable teams for open items.

Show open items in summary sheet with follow-up comments

Discussion with department head on current year expense forecast and next year planning

Creation of planning template for 30 cost center based on gathered information

Monthly follow-up meeting with department heads (DH) on future changes

Encouraging information in group planning template and send to group planning team for review

Seek and make changes as per group planning team

MI expense template update on quarterly basis

Provide commentary on variances for QTD and YTD numbers

Circulation of plan vs actual expense report to DH

Seek queries send by DH

Maintain and update employee benefit allowance tracker

Qualifications we seek in you

Minimum Qualification

Graduate

Preferred Qualification

Strong Cash operations knowledge in Credit Control Treasury & bank Reconciliation and FP&A

Advanced user of Excel

Ability to act on own initiative

Must demonstrate a high level of self-motivation energy and flexibility

Ability to handle multifaceted volumes of workloads and to reach targets and deadlines on a timely basis

Innovative and always looking for continuous improvement in order to develop succession plan for staff

Good communication skills interpersonal verbal and written communication skills (in English)

Exercises good judgement on day to day business problems and provides recommendations for solving course correction

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race color religion or belief sex age national origin citizenship status marital status military / veteran status genetic information sexual orientation gender identity physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity customer focus and innovation. Get to know us at and on X Facebook LinkedIn and YouTube.

Furthermore please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a starter kit paying to apply or purchasing equipment or training.

Required Experience :

Intern

Key Skills

Abinitio,Lifting Equipment,Customer Service,Apache Commons,Business Management

Employment Type : Full-Time

Experience : years

Vacancy : 1