Mohana Priya Velusamy

1.Application of collateral receipts ranging from $5 Million

2.Responsible for following up and reconciling open collateral receivables in the range of $5-20M per month. This involves:

• Working closely with Underwriting, Business Services and Brokers to resolve issues and queries.
• Working in SAP.
• Monthly reporting to Senior Management.

3.Performing Audited Aggregate calculation for the finalization of Premium Audits. This involves:

• Reviewing contractual language.
• Performing required calculation.
• Communicating calculation and recommending any required reconciliations to Premium Auditing, Underwriting, and team members.

4.Performing Closeouts. This involves:

• Reviewing contractual language.
• Pulling Loss Runs.
• Performing closeout calculation per terms agreed to.
• Sending Closeouts for Underwriting and Senior Management review.
• Tracking number completed/outstanding.

5.Managing the Collateral Mailbox. This involves:

• Booking and tracking additional collateral due from endorsement activity
• Routing emails to responsible areas/individuals
• Reporting issues to Senior Management.

• Processed incoming payments from customers via lockbox, ACH, Wire and
• PayPal
• Collect overdue invoices from customers
• Keep customer accounts accurate and current with consistent attention
• Sent copies of invoices and statements to customers to facilitate payment on time
• Interface with sales, customer service, logistics departments in resolving any accounts receivable issues
• Research customer billing issues and resolved problems to facilitate receipt of overdue money and promote good customer relationships
• Assist with processing and issuing credit refunds via PayPal and checks
• Made sure discounts taken by customers are valid with supportive documents and requested payback from customers
• Maintained accounts receivable documents into accounting software like QuickBooks related to payments and chargebacks
• Assist in annual audits
• Processed supplier invoices, rebate checks and sent billing to pay
• Followed detailed end-of-month accounting procedures to verify proper balancing of accounts and readiness for the new month
• Reconciled cash received from bank vs deposits posted in company's internal software
• Receipt allocation to customer accounts
• Resolved customer queries related to payments.

• Receipt allocation to customer accounts
• Send account statements to customers on monthly basis
• Collective overdue invoices via phone and emails
• Resolved customer queries related to payments
• Helping month-end closures
• Performed various accounts receivable functions, handled cash receipts posting, updated
• Cash flow reports and researched chargebacks and write-offs
• Generated, mailed and monitored invoices
• Evaluated open accounts to look for past-due balances and pursue collection strategies
• Verified, classified, computed, posted and recorded accounts payable data and reconciled daily totals to confirm proper accounting
• Applications of EFT payments, Check payments from various lockboxes
• Processing credit card payments and Refunds via PayPal
• Carry on necessary offset and write off invoice activity
• Contact customers and collection team in case of irrelevant remittance information.