Assistant Manager
Posted 1hrs ago
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Job Description
Accounts receivable Assistant Manager handling insurance counterparties, payments, disputes, and reconciliations for EXL. Maintaining sub-ledgers and balance confirmations.
Responsibilities:
- Send regular statements of accounts to counterparties according to agreed work processes, copying the concerned Prime collector on reconciliation communications when business is through a broker
- Ensure timely cash/credit applications for assigned accounts are posted within KPIs
- Communicate customer and counterparty disputes to relevant underwriting, operations, broker, and other stakeholder departments, and follow up for timely resolution
- Escalate reconciliation issues to management according to the escalation matrix
- Reconcile and prepare broker commission and reinsurance payments, confirm balances with counterparties, and assign items to Accounts Payable for processing
- Manage relationships with assigned counterparties and act as the single point of contact for escalations and reconciliations
- Post payments received from assigned counterparties and ensure accurate, timely cash/credit application, including broker commission deductions
- Perform frequent reconciliations and obtain lists of agreed and unagreed balances based on counterparty risk
- Follow up on agreed-balance payments and ensure amounts due to ADNIC are received without delay
- Verify unagreed balances with underwriting and operations teams and resolve them through stakeholder and management escalation
- Maintain a dispute register documenting dispute reasons, actions, and resolution progress
- Accurately upload reinsurance treaties, MDP, and XOL to the sub-ledger after obtaining data from the reinsurance department
- Support balance confirmation activities for audits and obtain regular balance confirmations based on counterparty risk
Requirements:
- B.com
- MBA(Finance) or equivalent


















