Full-Time

Payments Function

Payments Operations

Posted on 7/22/2025

Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

No salary listed

Kolkata, West Bengal, India + 1 more

More locations: Siliguri, West Bengal, India

In Person

Category
Accounting (2)
,
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • At least 2 years’ experience in similar industry/processes with US/Global clients
  • Knowledge and experience with the Acclaim or similar platform system
  • Good analytical skills & Accounting knowledge, understanding of financial entries and impacts
  • Proficient in MS Excel and MS Word
  • Strong sense of urgency, ownership and accountability for completing the assigned task
  • Ability to maintain a positive attitude
  • Good written and verbal communication skills needed to work effectively with internal and external customers
  • Ability to collaborate with a team and work well with others
Responsibilities
  • Performs basic & intermediate Payments processes by following Standard-Operating-Procedures specific to Payment’s operations in the areas of Account Maintenance, Payment Monitoring & Payment Validation with limited or no supervision
  • Performs quality checking
  • Works collaboratively with team members; consults supervisors/SMEs when required, provide resolutions as needed
  • Shares observations / views / feedback on processes improvements to the seniors and exhibits Process Knowledge by coming up with innovative process improvement suggestions
  • Seeks ways to gain in depth process knowledge
  • Actively participates in the Domain Training Programs, completes it successfully by clearing post training evaluation
  • Highlights if any exception / deviation found and works towards a resolution and maintaining process controls
Desired Qualifications
  • Prior knowledge and experience 3rd party vendor systems (debit cards, banking system etc.) will be a plus
  • Prior experience with reimbursement administration accounts (HSA, FSA, HRA, Retiree etc.) or other consumer driven health care accounts will be a plus

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE