Accounts Receivable / Senior Finance Analyst (OTC) – Insurance

Job Title: Accounts Receivable / Senior Finance Analyst (OTC)
Location: Nagpur, Maharashtra
Domain: Insurance
Experience: 4–6 Years
Band: BPO 2
Salary: Up to ₹7 LPA
Job Code: 426393
Employment Type: Full-Time

Job Overview

We are looking for an experienced Accounts Receivable / Senior Finance Analyst (OTC) to manage insurance commission receivables, reconciliation and collection activities. The role involves coordinating with insurance carriers, monitoring direct bill commissions, processing commission adjustments and ensuring accurate and timely financial records.

Candidates with experience in the insurance brokerage industry or Property & Casualty (P&C) insurance, along with hands-on knowledge of insurance agency management systems such as Applied EPIC or BenefitPoint, will be preferred.

Key Responsibilities

1. Commission Receivables & Reconciliation

• Reconcile commission receivables from insurance companies and ensure outstanding amounts are accurately tracked.

• Follow up with insurance carriers to ensure timely collection of commissions due.

• Identify and investigate discrepancies in commission payments and receivable balances.

• Maintain accurate commission receivable records and supporting documentation.

2. Direct Bill Commission Processing

• Ensure accurate and timely receipt, posting and reconciliation of direct bill commissions from insurance companies.

• Perform commission processing and reconciliation activities on a daily, weekly and monthly basis.

• Track direct bill commission information, including:

  • Insurance carrier name.

  • Date the cheque was received.

  • Commission amount.

  • Date processed and completed.

• Ensure all commission-related updates, corrections and changes are properly recorded.

3. Commission Corrections & Adjustments

• Process corrections and changes to broker commission rates as required.

• Review commission records to ensure accuracy and consistency.

• Investigate commission-related discrepancies and coordinate with relevant stakeholders for resolution.

• Maintain proper records of all adjustments and completed transactions.

4. Reporting & Documentation

• Maintain accurate records of commission receipts, outstanding receivables and reconciliations.

• Ensure timely completion of assigned accounting and reporting activities.

• Prepare and maintain supporting documentation for commission processing.

• Follow established procedures and contribute to process knowledge sharing.

5. Stakeholder Coordination

• Coordinate with insurance companies and internal teams regarding commission payments and discrepancies.

• Communicate effectively to resolve outstanding issues and ensure timely collection.

• Collaborate with team members to maintain operational accuracy and productivity.

• Support knowledge sharing and adherence to process requirements.

Required Qualifications & Experience

• Graduate degree in a relevant discipline.

• 4–6 years of relevant billing, accounting or accounts receivable experience.

• Experience in the insurance brokerage industry or Property & Casualty (P&C) insurance is preferred.

• Understanding of insurance commission receivables and direct bill commission processing.

• Experience in commission reconciliation, payment tracking and accounting adjustments.

Technical Skills & Tools

• Hands-on experience with Applied EPIC is preferred.

• Knowledge of insurance agency management systems (AMS), such as:

  • Applied EPIC.

  • BenefitPoint.

• Understanding of accounts receivable and commission reconciliation processes.

• Strong documentation and record-maintenance skills.

Required Competencies

• Excellent verbal and written communication skills.

• Strong analytical and reconciliation abilities.

• Attention to detail and accuracy.

• Team collaboration and coordination.

• Documentation and knowledge-sharing skills.

• Follow-up and issue-resolution capabilities.

• Ability to manage daily, weekly and monthly processing deadlines.

Ideal Candidate Profile

Candidates should have a strong background in insurance-related accounting, particularly commission receivables and direct bill commission reconciliation. Experience working with insurance carriers and hands-on exposure to Applied EPIC or other insurance agency management systems will be an advantage.

Important Hiring Notes

• Former TCS employees are not eligible to apply.

• PAN and Date of Birth (DOB) are mandatory for profile creation.

• Candidates should have 4–6 years of relevant accounting or billing experience, preferably in insurance or financial services.