Reconciliations Associate III

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job Description 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 vaaa6@allstate.com 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.