Reconciliations Team Lead

Job title: Reconciliations Team Lead

Company: Allstate


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 The Reconciliations Team Lead II will be a key contributor to our financial operations, overseeing the reconciliation process and providing leadership to a dedicated team. This role requires a detail-oriented professional with strong analytical skills, a deep understanding of financial reconciliations, and the ability to guide and inspire a high-performing team.Key Responsibilities

• Lead and guide a team of reconciliation specialists, providing guidance, mentorship, and support.

• Maintain accurate documentation of reconciliation processes, ensuring adherence to regulatory standards.

• Maintain accurate documentation of reconciliation processes, ensuring adherence to regulatory standards.

• Generate comprehensive reports on reconciliation outcomes, trends, and key performance indicators and assist with Identification of future technologies and systems.

• Oversee the reconciliation process for various financial accounts, ensuring accuracy, completeness, and compliance with industry standards.

• Foster a positive and results-driven team environment to ensure the achievement of departmental goals.

• Collaborate with cross-functional teams to implement best practices and streamline reconciliation procedures.

• Identify opportunities for process improvements within the reconciliation function to enhance efficiency and reduce risk.

• Conduct regular reviews to identify discrepancies and variances, guiding the team in effective issue resolution.

• Approve GL Accounts in SAP and Journal Voucher approvals.

• Conduct monthly coaching, identify training needs and recommend programs to develop future skillsets.

Education

• Bachelors Degree in Accounting or related field

Experience

• Minimum 5 years of experience in Financial Reconciliations, with at least 2 years in leadership or supervisory capacity.

• Knowledge of R2R, relevant accounting principles, regulations and SOX controls.

• Understanding of General Ledger coding and expected outcome of Journal Entries

• Good communication skills – written and verbal

• Experience of Reconciliations (Prepare and Review) mandatory

• Ability to lead and motivate team

Supervisory Responsibilities

• This job has supervisory duties.

Education & Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Primary SkillsShift TimeRecruiter Info Dipti Murudkardsudh@allstate.comAbout AllstateJoining 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. And one where you can impact the future for the greater good.You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.Good Hands. Greater Together.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 .

Expected salary:

Location: Pune, Maharashtra

Job date: Sun, 19 Jan 2025 07:15:45 GMT

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