Accounting Associate III

Location: Ind – Pune Sez 1 (All Floors Except 9Th And 10Th)

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 Summary

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

• Process depository transactions including cash application, lockbox receipts, suspense account transactions, and account maintenance activities within by 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. 5. 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.