Credit Control

2 days ago

Singapore ALIGN RECRUITMENT PTE. LTD. Full-time SGD 45,000 - SGD 65,000/year

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Prepare, maintain, and reconcile operational and internal control reports, ensuring accuracy and timely completion.
Liaise with brokers, reinsurers, Underwriting, Claims, and Finance teams to resolve payment discrepancies, unallocated receipts, reconciliation items, and outstanding balances.
Monitor and follow up on open items and outstanding receivables, including monthly follow-ups with relevant stakeholders and HODs.
Review foreign currency payments and receipts, investigate exchange rate variances, and coordinate with relevant parties to resolve discrepancies.
Prepare and maintain monthly HOD and credit control reports, covering key operational metrics, outstanding items, and reconciliation status.
Support the Credit Control team in ensuring accurate, timely, and compliant collection and reconciliation activities.
Assist with system enhancements, UAT testing, automation, and process improvement initiatives to improve collection efficiency and reporting processes.
Perform day-to-day credit control, reconciliation, and operational support activities to ensure smooth team operations.
Identify opportunities to streamline credit control processes and improve collection and reconciliation efficiency.
Support internal and external audit requirements by preparing and providing relevant documentation and supporting information.

Experience in the insurance industry is preferred, particularly exposure to insurance billing, premium receivables, or credit control.
Good understanding of insurance operations, billing cycles, receivables, and reconciliation processes.
Experience in handling payment allocation, outstanding items, ageing, or account reconciliation will be an advantage.
Good communication and stakeholder management skills, with the ability to liaise with internal teams and external parties such as brokers and reinsurers.
Proficient in Microsoft Excel and comfortable working with financial/accounting systems.
Candidates with experience in system UAT, process improvement, automation, or reporting will have an added advantage.