Gaurav Sethi

About Gaurav Sethi

Leading Banking and Finance Expert. I am a versatile professional who possesses…

Experience

1. Assistant Vice President

   Valueonshore ('VOS') Advisors

   Nov 2015 — Present · Gurgaon, IN

   As a core leader, I coordinated with Underwriters on premiums, taxes, and any endorsements, corrections, and adjustments necessary for premium settlement in the central collecting process. I am efficient in account reconciliation between AIG and Major brokers (Willis, Marsh, AON, JLT, Lockton, Gallagher) for Multinational policies and Bureau (London Market) covering Aviation, Marine, and LIRMA).One of my key responsibilities is conducting research, contacting the Broker and ICO counterparties for the collectable receivable balances, leading meetings/war rooms with Underwriters/Brokers, and reporting FAS5 status (\"Provision for Bad Debts\") for Multinational and Bureau policies. I am also proficient in forecasting potential FAS5 for setting team targets, following up with brokers on a regular basis, and applying cash received from the Broker at Month-End and Cash Close.• Adroit in handling end-to-end cash flow from broker collections to local payables; works closely with internal AIG teams on accounting/bookkeeping issues; and conducts monthly reviews with the head of collections/credit control on FAS 5 and unapplied funds.• Skilled in ensuring sure local office and reinsurer payment/Claim settlements and maintaining the needed ageing for the intercompany balance reconciliation.• Responsible for connecting auto feeds from the sub-ledger (SAP) to the reconciliation tool and reporting intercompany balances under schedules 4500, 4700, and 1010.• Efficiency in cooperating closely with the controlling team to report intercompany balances for the designated regions, be in charge of voucher posting for central collect policies and provide funding to fulfil a re-insurer contract.• Supervising the team in charge of the 1-0-1 system, resource mobilization, and the team members\' training requirements.• Organizing internal audits and maintaining SOP compliance aided all divisions in adhering to industry standards.

Education

• Delhi University

  Bachelor of Commerce (B.Com.), Accounting

  1995 — 1998