Cash Cycle Specialist

Job Title-IND Consultant -Finance Operations

ARL- 8.2

Solution Line-OTC

Position type-Full Time

Work Location-Noida, Uttar Pradesh

Working style-In Office

Cab Facility-Yes

Shift Time -12:30 PM To 9:30 PM/ 2:00 PM to 11:00 PM

People Manager role:No

Graduate in commerce or post-graduate (full-time) from an accredited university

Required years of experience -

2- 4 years of previous Order to Cash experience from international Organizations.

AON IS IN THE BUSINESS OF BETTER DECISIONS

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are committed to our purpose as one firm, united through trust as one inclusive, diverse team and we are

passionate about helping our colleagues and clients succeed.

GENERAL DESCRIPTION OF THE ROLE:

The Cash Cycle Specialist plays a critical role in supporting the financial operations of our Commercial Risk division. This position is responsible for managing cash application, collections, carrier disbursements, bank reconciliations, and ensuring the integrity of accounts receivable data. The Cash Cycle Specialist will collaborate closely with internal teams and external partners to drive timely collections, accurate cash postings, and effective resolution of discrepancies, all while upholding the highest standards of data accuracy and compliance.

JOB RESPONSIBILITIES:

• As a Cash Cycle Specialist, you will be responsible for executing the following key functions:
• - Oversee the end-to-end cash application process, ensuring timely and accurate posting of payments received from clients, carriers, and other partners.
• - Manage collections activities for outstanding receivables, proactively engaging with clients and carriers to resolve payment issues and reduce aged debt.
• - Process carrier disbursements, ensuring accuracy and compliance with contractual and regulatory requirements.
• - Perform daily, weekly, and monthly bank reconciliations, investigating and resolving discrepancies to maintain accurate financial records.
• - Maintain data integrity within accounts receivable systems, regularly auditing transactions and collaborating with stakeholders to address and correct errors.
• - Collaborate with the Commercial Risk accounting and finance teams to support month-end and year-end closing processes.
• - Prepare and present accounts receivable reports to management, highlighting trends, risks, and opportunities for process improvement.
• - Partner with business leaders and external partners to resolve complex accounts receivable issues and enhance cash flow performance.
• - Ensure all accounts receivable processes comply with internal controls, company policies, and relevant regulatory standards.
• - Contribute to continuous improvement initiatives by identifying opportunities to streamline workflows and enhance data quality.

SKILLS/COMPETENCIES REQUIRED:

• 2+ years of accounts receivable or related accounting/finance experience.
• - Experience in cash application, collections, and bank reconciliation.
• - Strong understanding of accounting principles (U.S. GAAP) and financial controls (such as SOX).
• - Demonstrated ability to analyze and resolve complex accounts receivable issues.
• - Proficiency with accounts receivable systems and Microsoft Excel.
• - Excellent communication and interpersonal skills, with the ability to build effective relationships across teams and with external partners.
• - Self-motivated, results-driven, and detail-oriented, with a demonstrated commitment to data integrity.
• - Experience working within the commercial risk insurance industry.
• - Familiarity with carrier disbursement processes and insurance accounting practices.
• - Knowledge of ERP and financial management systems (such as SAP, Oracle, or similar platforms).
• - Experience with process improvement and data quality initiatives.

HOW WE SUPPORT OUR COLLEAGUES

In addition to our comprehensive benefits package, we are proud to be an equal-opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their well-being and work/life balance while empowering them to be their authentic selves.

Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it!

Our continuous learning culture inspires and equips colleagues to learn, share, and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant, and more valued.

COMMITMENT TO SUSTAINABILITY

Aon is dedicated to integrating sustainability into our core business practices. We strive to minimize our environmental impact through innovative solutions and responsible stewardship, ensuring a sustainable future for our clients and communities.

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