Management trainee Cash applications
Genpact
0 - 3 years
Jodhpur
Posted: 20/11/2024
Job Description
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
About Company
Genpact is a global professional services firm delivering digital transformation by putting digital and data to work to create competitive advantage.
Services you might be interested in
One-Shot Campaign
Reach out to ideal employees in one shot!
The intelligent campaign for reaching out to the ideal audience to whom you can ask for help (guidance or referral).