Genpact
Location
Bangalore | India
Job description
With a startup spirit and 115,000 + curious and courageous minds, we have the expertise to go deep with the world&rsquos biggest brands&mdashand we have fun doing it! We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We&rsquore harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people.
Now, we&rsquore calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing. People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower.
Welcome to the relentless pursuit of better.
Inviting applications for the role of Manager - Finance
To support the Senior Credit Controller in the collection of premiums and cash allocation to reduce the potential of bad debt through both intermediaries and direct clients:
Responsibilities
.Collection and Accounting of Due Debt
Through collation and capture of all due premium debt, effect the effective collection of all unpaid premium debt. In doing so identify any cleansing issues and liaising with underwriting teams to resolve accordingly. Ensure the collection of all due debt through processes that are in accordance with client established collection and escalation guidelines. Ensuring effective allocation / accounting of all debt / cash received.
.Broker and Cover holder Onboarding/Financial Assessments
As required to manage the broker financial assessment and TOBA management for new and existing onshore client brokers and cover holders.
.Process Improvement
Through the full understanding of: Business processes, system use and data capture work across the team to assist in the process of improving debt collection and reporting. Monitoring the items identified for review to ensure that they are promptly resolved, recommending changes to processes which will mitigate recurrence.
a.Debt Monitoring/Analysis
To monitor account specific debt cycles highlighting to the Credit Risk Manager & team of potential issues, deviances, or fluctuations in cycles. Thus, assisting in the management of credit risk to client
b.Reporting
To report actual debt / unallocated cash levels / future collectables, with trend analysis results issued across the team and established communication routes.
c.Relationship Management
Maintain regular communication with internal customers both to track and report progress and to escalate issues. Represent client professionally to external intermediaries whether by face to face, phone, or e-mail communication.
d.Project Work
To assist as designated to Credit Risk related projects.
The Operating Environment and Context of the Job
To be fully effective in this role you will have a good base knowledge of London, UK and AISE market practices including broker, bureau, and Managing Agency perspectives. Having effective communication and prioritization skills will enable you to ensure that credit risk debt is monitored, chased, and communicated across the team and group. Although not under strict time constraints there are &ldquobusy" periods, and these should become part of the debt trend process.
Ensuring debt levels and risk is minimized will assist in all client business processes.
.5.Group Competencies:
The behaviors that the job holder must exhibit for desired cultural fit.
DriveBeing resilient, self-starting, delivering results, demonstrating confidence and courage, sharing success, raising standards, taking personal accountability
JudgementStrategic thinking, integrity, problem solving, decision making, agile and innovative thinking
LeadershipEmpowering others, engaging, and inspiring each other, building capability, being visible, enabling change
Commercial AcumenCreating value for clients, understanding the external environment, international breadth, negotiating, managing risk, disciplined execution
PartnershipBuilding relationships, leveraging collective efforts and collaboration, creating an inclusive environment, influencing, communicating effectively
Client ServiceBeing accessible and proactive, building trusted relationships, developing client insight, ensuring fair outcomes
.6.Job Specific Competencies:
1Accuracy and attention to detail
2Self-Management of workloads and priority setting
3Effective team player
4Technical knowledge and ability to adapt to change
5Effective communicator at all levels
Qualifications we seek in you!
Minimum Qualifications
.Degree in Finance (B. Com), or equivalent to Finance
.Experience in the financial sector, preferably in an insurance company
.Relevant experience in AR - Accounts Receivables
.Demonstrated experience in handling large data sets and relational databases.
.High-level written and verbal communication skills
Preferred Qualifications/ Skills
.Strong communication skills
.Strong analytical skills
.Structured / controlled approach
.Attention to detail.
.Strong Excel skills
.People & stakeholder management
.Initiative / proactive
.Willingness to challenge and assimilate information.
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 diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit . Follow us on Twitter, 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 %27starter kit,%27 paying to apply, or purchasing equipment or training.
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