Reconciliations Associate III

Allstate India Private Limited; Pune District; On-site; INR 180,000 - 240,000; Full time

Job summary

Allstate India Private Limited is seeking an entry-level accounts receivables associate to perform routine accounting transactions under close supervision. You will support day-to-day transactional requests, assist with process documentation, and ensure compliance with SOPs and audit requirements.

The role emphasizes accuracy in cash application, remittance processing, and maintaining meticulous records, with emphasis on timely escalation of issues. Fresh graduates are welcome to apply.

Qualifications

• Bachelor's degree in Commerce, Accounting, Finance, or related discipline.
• Fresher

Responsibilities

• Process depository transactions including cash application, lockbox receipts, suspense account transactions, and account maintenance activities within by following established Standard Operating Procedures (SOPs)
• Review daily deposit activity and identify unmatched, unapplied, or outstanding cash transactions.
• Support remittance processing and accurate allocation of incoming premium and customer payments.
• Adhere to established procedures, internal controls, compliance requirements, and audit standards.
• Maintain accurate records of customer interactions, payment transactions, and deposit activities.
• Monitor unapplied cash, short payments, unidentified deposits, and suspense account balances.
• Escalate unresolved issues and exceptions within established timelines.
• Maintain process documentation, audit trails, and supporting records.

Skills

Account Reconciliations

Education

Bachelor's degree in Commerce, Accounting, Finance, or related discipline

Job description

Job Summary

This is an entry-level position within the accounts receivables team, responsible for performing routine accounting transactions accurately and efficiently. The Associate works under close supervision, supporting the team by handling day-to-day transactional requests and assisting with process documentation and compliance adherence.

Key Responsibilities

• Process depository transactions including cash application, lockbox receipts, suspense account transactions, and account maintenance activities within by following established Standard Operating Procedures (SOPs)
• Review daily deposit activity and identify unmatched, unapplied, or outstanding cash transactions.
• Support remittance processing and accurate allocation of incoming premium and customer payments.
• Adhere to established procedures, internal controls, compliance requirements, and audit standards.
• Maintain accurate records of customer interactions, payment transactions, and deposit activities.
• Monitor unapplied cash, short payments, unidentified deposits, and suspense account balances.
• Escalate unresolved issues and exceptions within established timelines.
• Maintain process documentation, audit trails, and supporting records.

Education

• Bachelors degree in Commerce, Accounting, Finance, or related discipline

Experience

• Fresher or

Supervisory Responsibilities

• This job does not have supervisory duties.

Education Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Primary Skills

• Account Reconciliations