Reconciliations Associate III

Reconciliations Associate III

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

• 1. Process depository transactions including cash application, lockbox receipts, suspense account transactions, and account maintenance activities within by following established Standard Operating Procedures (SOPs)
• 2. Review daily deposit activity and identify unmatched, unapplied, or outstanding cash transactions.
• 3. Support remittance processing and accurate allocation of incoming premium and customer payments.
• 4. Adhere to established procedures, internal controls, compliance requirements, and audit standards. 5. Maintain accurate records of customer interactions, payment transactions, and deposit activities.
• 6. Monitor unapplied cash, short payments, unidentified deposits, and suspense account balances.
• 7. Escalate unresolved issues and exceptions within established timelines.
• 8. Maintain process documentation, audit trails, and supporting records.

Education

• Bachelor’s degree in Commerce, Accounting, Finance, or related discipline

Experience

• Fresher or < 1 year of experience in accounting

• 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

• Shift Time

• Recruiter Info

• Ms. Vibha Chaturvedi

• About Allstate

• Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.

• The Allstate Corporation is one of the largest publicly held insurance providers in the United States. Ranked No. 84 in the 2023 Fortune 500 list of the largest United States corporations by total revenue, The Allstate Corporation owns and operates 18 companies in the United States, Canada, Northern Ireland, and India. Allstate India Private Limited, also known as Allstate India, is a subsidiary of The Allstate Corporation. The India talent center was set up in 2012 and operates under the corporation's Good Hands promise. As it innovates operations and technology, Allstate India has evolved beyond its technology functions to be the critical strategic business services arm of the corporation. With offices in Bengaluru and Pune, the company offers expertise to the parent organization’s business areas including technology and innovation, accounting and imaging services, policy administration, transformation solution design and support services, transformation of property liability service design, global operations and integration, and training and transition.

• Learn more about Allstate India here.

• Read more

• Keys to Success

• At Allstate, it’s all about teamwork, flexibility, and thinking ahead. We all contribute to the bigger picture, combining unique ideas to design innovative, more affordable protection solutions for customers.

We look for candidates with these skills to help us achieve that goal:

• Learning agility

• Quickly adapt to new situations, continually build new skills, experiment, and embrace new ways of doing things

• Customer centricity

• Deliver exceptional experience with a customer-first mindset and human-centered design

• Digital literacy

• Discover and apply emerging digital technology tools, data and insights.

• Results-oriented

• Start with measurable outcomes and drive results with speed

• Inclusive leadership

• Integrate diverse viewpoints into decision-making processes to enhance creativity and innovation

• Together, we’re all working toward Our Shared Purpose, using our strengths to make a real difference for our people, our customers, our company, and the world around us.

• Working in Sales

What We Do:

• As an expert on our products and services, you can give customers personalized attention and innovative solutions to make their lives easier.

How We Support You:

• Starting day one, you’ll have access to resources and incentives to keep you feeling challenged and excited about your careers.

Make An Impact: