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| Job Location | Mumbai City |
| Education | Not Mentioned |
| Salary | Not Disclosed |
| Industry | Insurance |
| Functional Area | Finance / Accounts / TaxSales / BD |
| EmploymentType | Full-time |
Job Description NAC - Payable Process Advisor/Senior Advisor Role Payable AccountantDesignation Advisor/ Senior AdvisorBusiness Unit National Accounting Center (NAC)Shift Timings Fixed Morning (6:30 AM to 2.30 PM) or Evening (6:30 PM to 3.30 AM)Location VikhroliReporting to Business Support Team Supervisor/Assistant Manager/ManagerJob Summary To ensure all the premiums received from the clients are paid out to the Carriers. Also reconcile the carrier statements & resolves discrepancies.Principal Duties/Responsibilities Review ledgers to identify items payable to Carriers/Clients/Sub Brokers and other entities.Provide payment back-ups to the payee for application of funds.Reconcile Carrier statement with WTW books of accounts.Liaise with client managers and carriers for payment issues, reconciliation discrepancies and unallocated cash.Review of open ledgers and perform small balance write-offs, offsets, etc. as per the accounting guidelinesPerform Bi-weekly study of funds advanced to different Payable/Receivable entities.Handling clearance of uncashed /uncleared checks.Timely and effective responses to all queries, requests, corrections, etc. received from field offices/carriers in centralized agency mailboxes.Handling Intercompany Reconciliation by liaising with field offices and other WTW locations.Following SOPs, Client / Carrier specifications and adherence of all statutory requirements.Participate and contribute in potential process improvement areas.Ensure ongoing, effective relationships with stakeholders (Internal/external).Deliver as per defined KPIs for the role - Maintain Quality and Turnaround standards.Understanding of upstream and downstream processes.Top 5 Competencies Business CommunicationAnalytical SkillsCreative and Logical ThinkingEye for detailTime managementRequired Qualifications, Skills, Knowledge, Experience Qualifications: Graduate/Post GraduateSkills:
Keyskills :
ms officetime management analytical skillsprocess improvement written communicationbusiness communication financial justification