PHI - Specialist-Premium Reconciliation

Prudential Health India; Mumbai; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Prudential Health India is seeking a Specialist in Premium Reconciliation to work in Mumbai. Your role includes developing reports, managing reconciliation processes, and enhancing operational efficiency through digital tools.

Ideal candidates should hold a bachelor’s degree and possess solid experience in banking and insurance operations, with a strong focus on data analysis and problem-solving. Join our dynamic team to deliver outstanding results in a fast-paced environment.

Qualifications

• Hold a bachelor’s degree from a recognized institute.
• Have a solid foundation in Business Operations, Refunds, Banking, and Finance reconciliation.
• Deep understanding of the industry, regulations, and operational practices.
• Ability to leverage digital tools and platforms for operational efficiency.
• Strong skills in managing financial data, resolving discrepancies, and ensuring accuracy in financial reporting.
• Subject Matter Expert for Bank and Premium Reconciliation System.
• Ability to work in a fast-paced, hyper-growth environment using agile methodologies.

Responsibilities

• Work with Business MIS and Finance to develop reports tracking unreconciled Suspense entries.
• Investigate unreconciled items to ensure timely resolution.
• Monitor and track aging of bank reconciliation open items.
• Ensure control measures prevent recurrence of unreconciled entries.
• Update standard operating procedures as required.

Skills

Business Operations

Banking and Finance reconciliation

Data analysis and interpretation

Problem-solving skills

Digital tools and platforms

Education

Bachelor's degree

Job description

Prudential (UK) in partnership with the HCL group plans to set up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.

Specialist – Premium Reconciliation

Location: Mumbai. Join the Customer function of Prudential Health India.

Your typical week might include the following

• Work with Business MIS and Finance to develop reports tracking unreconciled Suspense entries.
• Investigate unreconciled items to ensure timely resolution.
• Monitor and track aging of bank reconciliation open items.
• Ensure control measures prevent recurrence of unreconciled entries.
• Update standard operating procedures as required.
• Work closely with stakeholders on issues arising from bank reconciliation.
• Participate in system enhancement initiatives to improve finance operations processes.
• Develop exception reports to prevent operational leakages, fraud, misuse, and work for remediation.

You could be the right candidate if you…

• Hold a bachelor’s degree from a recognized institute.
• Have a solid foundation in Business Operations, Refunds, Banking, and Finance reconciliation.
• Deep understanding of the industry, regulations, and operational practices.
• Ability to leverage digital tools and platforms for operational efficiency.
• Strong skills in managing financial data, resolving discrepancies, and ensuring accuracy in financial reporting.
• Subject Matter Expert for Bank and Premium Reconciliation System.
• Expertise in analyzing and interpreting complex data to drive informed decision‑making and strategic planning.
• Deep functional understanding of Technology and Digital solutions.
• Adaptable to rapidly changing customer or distributor expectations and evolving technology solutions.
• Strong problem‑solving skills and ability to navigate the ecosystem to deliver solutions.
• Highly driven, willing to go the extra mile to deliver outstanding results for business teams and end users.
• Ability to work in a fast‑paced, hyper‑growth environment using agile methodologies.

This could be the gig for you if you…

• Are passionate about bringing consumer‑centric ideas and products into reality and listening to new ideas.
• Thrive in co‑creation and collaboration environments.
• Passionate about leveraging new‑age digital tools and technologies to transform customer experience.
• Enjoy a culture where everyone can see what others are doing.
• Have 6–8 years of total experience, including at least 5 + years in insurance operations.

What can make you extra special if you…

• Have walked extra mile in solving business problems by adopting off‑beat paths.
• Proven track record exceeding service level expectations from stakeholders.
• Visible leadership supporting colleagues in a diverse, inclusive, and collaborative environment.
• Team player who is goal‑oriented, committed, and an advocate and early adopter of change.
• Proven track record delivering initiatives across multiple domains, stakeholder groups, and technology solutions.

Contact

If you think this is the one for you, drop in a line with your story at [e-mail] we are eager to catch‑up.

Prudential is an equal opportunity employer. We provide equality of opportunity and benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part‑time / fixed‑term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third‑party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.