Accounts Receivable / Senior Finance Analyst (OTC)

Location: Nagpur
Experience: 4–6 Years
Band: BPO 2
Salary: Up to ₹7 LPA
Domain: Insurance – Insurance Brokerage / Property & Casualty (P&C)

Job Overview

We are looking for an experienced Accounts Receivable / Senior Finance Analyst (Order-to-Cash – OTC) with 4–6 years of relevant accounting experience, preferably in the insurance brokerage or Property & Casualty (P&C) insurance industry.

The candidate will be responsible for managing insurance commission receivables, reconciling direct bill commissions received from insurance carriers, following up on outstanding payments, and maintaining accurate financial records. Hands-on experience with insurance agency management systems, particularly Applied EPIC, is preferred.

Key Responsibilities

1. Commission Receivables Management

• Reconcile commission receivables from insurance companies and ensure accurate accounting records.

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

• Monitor pending commission payments and resolve discrepancies.

• Ensure accurate tracking and reporting of commission receivables.

2. Direct Bill Commission Processing

• Manage the timely receipt, posting, and reconciliation of direct bill commissions received from insurance companies.

• Perform daily, weekly, and monthly commission reconciliation activities.

• Verify commission amounts against relevant records and supporting documentation.

• Ensure transactions are processed accurately and within defined timelines.

3. Commission Corrections & Rate Management

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

• Validate commission rate changes and ensure accurate system updates.

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

• Maintain proper records of all changes and adjustments.

4. Reporting & Documentation

• Track direct bill commission details, including:

  • Insurance carrier name

  • Date of cheque/payment receipt

  • Commission amount

  • Date of processing and completion

  • Status of reconciliation and outstanding items

• Maintain accurate and up-to-date commission records.

• Ensure all changes, corrections, and adjustments are properly documented.

• Support reporting requirements and knowledge-sharing activities.

5. Stakeholder Coordination

• Coordinate with insurance companies, brokers, and internal finance teams.

• Follow up on pending commissions and resolve payment-related queries.

• Communicate discrepancies and provide timely updates to stakeholders.

• Collaborate with team members to ensure smooth finance operations.

Required Skills & Competencies

Technical Skills

• Strong knowledge of Accounts Receivable (AR) and Order-to-Cash (OTC) operations.

• Experience in insurance commission receivables and reconciliation.

• Understanding of direct bill commission processing.

• Knowledge of insurance brokerage accounting or Property & Casualty (P&C) insurance.

• Hands-on experience with Applied EPIC is preferred.

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

  • Applied EPIC

  • BenefitPoint

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

• Good understanding of financial transactions and accounting processes.

Functional & Soft Skills

• Excellent verbal and written communication skills.

• Strong analytical and reconciliation skills.

• Good team collaboration and stakeholder-management abilities.

• Attention to detail and accuracy.

• Strong documentation and knowledge-sharing skills.

• Ability to manage multiple activities and meet process deadlines.

• Good problem-solving and follow-up skills.

Eligibility Criteria

• Graduate in any relevant discipline.

• 4–6 years of relevant billing, accounting, or finance operations experience.

• Prior experience in the insurance brokerage industry or P&C insurance is preferred.

• Hands-on experience with Applied EPIC is preferred.

• Experience in commission receivables, direct bill commissions, and reconciliation will be an advantage.

Additional Information

• Location: Nagpur

• Salary: Up to ₹7 LPA

• Band: BPO 2

• Ex-TCS employees are not eligible to apply.

• PAN and Date of Birth (DOB) are required for profile creation and must be shared through the approved recruitment process.

Ideal Candidate Profile

The ideal candidate should have 4–6 years of experience in Accounts Receivable, OTC, or insurance accounting, with a strong understanding of commission receivables and direct bill commission reconciliation. Candidates with insurance brokerage or P&C insurance experience and hands-on exposure to Applied EPIC or BenefitPoint will be preferred.