Financial Accounting Processor - 12 months contract

Financial Accounting Processor

Principal Accountabilities and Responsibilities (e.g., for Business, Customers and Stakeholders; internal control environment, etc.)

• Creating suitable payment forms and getting the payments approved.
• Creating/issuing appropriate receipts for incoming funds & Matching.
• Capturing the key financial facts to formulate executive summary on the accounts and sharing with all stakeholders.
• Applying general accounting principals:
• Reconcile Funds/Un allocated cash
• Reviewing of Single Line Unallocated-cashes and matching appropriately.
• Reconcile and matching of Unallocated-cash Bulk payments received for more than 10 policies.
• Reviewing the outstanding payments and unallocation cashes to prepare a Refund Listing.
• Bank & Treaty reconciliation.
• Engage effectively with Broker/Underwriting for collection of Debts and reduction of PDDs (Provisional to Doubtful debts).
• Conduct timely Account Modification & Termination.
• Ensure timely and prompt remission of
• (i) Agent Commission Payment
• (ii) Campaign Commission payment
• (iii) GST Commission Payment
• (iv) Refund Premium Payment
• (v) Staff Reimbursement
• (vi) Vendor Payments
• Efficiently provide actionable insights whilst Magnitude Reporting.
• Identify, facilitate and implement process improvement ideas to improve efficiency.
• Process improvements to be identified and implemented.

Leadership & Teamwork

• Provide Expert Technical Support to the Team members / Process Lead.

Functional knowledge

• Graduate / post-graduate degree in accounting / finance preferred.
• 3-4 years in Finance function activities or similar required.
• Previous experience in a Shared Service Centre environment within Insurance Industry preferred.
• Transaction processing experience required.
• Fluency in English speaking, reading and writing.
• Exposure to working on AS400, Sun System & PeopleSoft would be an advantage.
• Good knowledge of MS Office applications, especially Word and Excel required.

Others

• Ability to perform tasks on multiple computer applications
• Good logical, analytical and problem solving abilities
• Attention to detail and accuracy
• Ability to handle process escalations, identify issues and risks and propose resolution
• Ability to multi-task and prioritize work
• Ability to work harmoniously as part of a team
• Employees must meet performance and behavioral standards as defined in the policy.
• Right to work is required. Local employment rulings and restrictions will apply.
• Application form should be submitted along with the current CV.
• The Company reserves the right to change any terms and conditions related to employment, mentioned in the Offer Letter and the Rules and Regulations governing the conduct of the employee in the Company. Such change would be intimated by the Company through an internal communication to the employees at large.