Accounting Associate III

About the Role

This is an entry-level position within the accounts receivables team at Allstate India, 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 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.

Requirements & Tech Stack

• Accounting
• Bookkeeping
• Corporate Accounting
• Financial Accounting
• Financial Analysis

Qualifications

• Bachelor’s degree in Commerce, Accounting, Finance, or related discipline.
• Fresher or < 1 year of experience in accounting.
• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.