Management trainee Cash applications

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