VOYA INDIA

Overview VOYA INDIA is a joint venture between U.S. financial services company Voya Financial and SLK, a software services company. We are a agile technology & business process transformation company that provides world-class technology & business process management services, with an emphasis on quality, speed & optimization driven through automation. VOYA INDIA leverages the expertise of both firms to deliver innovative solutions to Voya’s Retirement, Employee Benefits and Investment Management businesses. More information is available at : - www.voyaindia.com.

Role Overview :

- The Reconciliation Specialist is responsible for gathering, posting, and reconciling payments that are received by Revenue Team, including daily and weekly and monthly reconciliation. The Reconciliation Senior Associate independently solves complex problems. The individual integrates indepth recon area knowledge with a solid understanding of industry standards and practices.
- Profile Description:
- Good understanding of insurance accounting, good accounting background and reporting understanding, understanding of reconciliation, open items, resolution of open items.
- Monitors and manages incoming payments. Retrieves and posts remittances from applicable payor websites when the remittance is not available from clearinghouse.
- Reviews remittances for applicable adjustments, and transfers balance to secondary or patient responsibility when appropriate.
- Responds to questions related to payment application and works closely with onshore Team to resolve any account variances.
- Researches and corrects keying errors as needed. Documenting the root cause and discrepancies and generating the reports based on department protocols.
- Documenting the results of research and amends appropriate systems as required to reconcile payments.



Identifying trends in improved internal processes, systems, etc. as needed.
- Conforming to the defined platform, client, payer, and/or internal standard operating procedures (sops) and/or other applicable guidelines and regulations in completing job duties. Ensuring all workflow items are completed within the set turn-around-time within quality expectations.
- Reconciling payments to ensure the accounting system reflects the correct transactions Performing daily financial transactions such as verifying, calculating and posting accounts receivable data.

Desired Experience and Skillset:

Any relevant accounting college degree with 3-7 years of experience

Good Knowledge on technical accounting.

Good understanding of insurance accounting, understanding on basic too complex to technical accounting, good understanding and working experience on reconciliation processes.

Should have accounting expertise, good knowledge of accounting standards and regulations, considerable knowledge of internal and external account audits, Working knowledge of spreadsheet applications and software applications and advanced financial statement preparation skills.

Detail oriented with strong mathematical and organizational skills Ability to report as the right level according to requirement (Headline, Summary, Detail).

Effective verbal and written communications skills Highly proficient in the use of common business applications such as Excel, Word, Access, Outlook, Teams High level of competency with Reconciliation.

Key words/skills:

- Journal Processing
- Administrative System Balancing
- Cash Reconciliations
- Equity Reconciliations
- Misc. Balance Sheet Reconciliations
- Corporate Error Suspense
- Process Suspense People Soft Tree Maintenance
- Account Confirmation & Reconciliations
- Tax Reconciliation
- AP Suspense Reconciliation
- Month and Quarterly Closing & Reporting
- Research & Analysis

📌 Reconciliation (Bengaluru)
🏢 Voya India
📍 Bengaluru