Finance Operations Executive | Insurance

Location Singapore
Discipline Accounting & Audit
Job Reference BBBH139733_1720420369
Salary S$3500 - S$4000 per month
Consultant Name Carolyn Ann Santibanez Mendoza
Consultant Email [email protected]
Consultant Contact No. 65515316
EA License No. 02C3423
Consultant Registration No. R1105160


This role will be supporting the Finance Operations team on operational processes and any other ad-hoc duties as assigned. Responsibilities include but not limited to:

  • Claim Payments
    • Pick up daily claim payment reports generate by BI team and run the RPA (Robotic Process Automation) process.
    • Use daily claim payment reports to process claim pay-outs (Cheques/Giro/PayNow/Bank transfer) within the service level agreement timelines.
  • Premium Refunds
    • Retrieve refund requests submitted by Customer Care team on the previous working day.
    • Process the refund requests (Cheques/Giro/PayNow/ Bank transfer).
    • Processing claw back vouchers and related journals
  • Claim Recoveries
    • Process and issue claim recovery receipts in policy admin system for the collections received for claim recoveries.
  • Bank Reconciliation
    • Daily reconciliation of claims payments, premium refunds, and claim recoveries.
    • Monthly bank reconciliation of other operational/investment bank accounts.
    • Reconcile claim payments, premium refunds, claim recoveries.
  • Others
    • Prepare the IRAS S45 withholding tax form for overseas claims payments and journal.
    • Prepare month-end related journals to claims, premium refund, claw back vouchers transactions, transfer pricing journals and invoices.
    • Prepare monthly balance sheet schedule and quarterly reporting.
    • Daily maintenance of the Finance/Refund mailbox.
    • Maintain up-to-date processes, workflows, and SOPs, ensuring adherence with processes and controls.
    • Support year-end financial audit schedules and any other ad hoc duties as assigned.



Job Qualifications

  • Diploma or Degree in Accounting, Finance or equivalent.
  • At least 2 - 3 years of relevant working experience in the Finance department.
  • Good years of working experience in the Finance Operations team in the insurance business.
  • Knowledge on accounting principles.
  • Competent with advance Excel (MS Office).
  • Good interpersonal and communication skills.
  • Good understanding of insurance accounting.
  • Knowledgeable in GST.

Carolyn Ann Santibanez Mendoza EA License No. 02C3423 Personnel Registration No. R1105160

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