Finance Compensation Credit Controller

24 hours ago


Singapore Prudential Assurance Company Singapore Full time

Join to apply for the Finance Compensation Credit Controller role at Prudential Assurance Company Singapore The role is responsible for the recovery on debt due from distribution partners. The role reports to Lead, Finance Compensation. The primary function of a Credit Controller is debt management of active and terminated arrangements, where judgement calls and decision making are required – ultimately managing all money borrowed or owed to our business. A Credit Controller will handle the collection of finances and the resolution of queries, aging reporting, managing dispute/discrepancies and risk of credits. It is also the responsibility of a Credit Controller to manage debt recovery protocol, which if the partner has paid late or missed payments could involve coordination with various internal parties, propose stop-gap measures or undertaking legal action, and engagement of a debt recovery agent at worst dealing with bankrupt businesses to negotiate recovery of funds. Setup and lead the credit control committee with proper Term of Reference document. It is vital that a Credit Controller builds and maintains close links internally such as DSS, PD, legal, Compensation team, to ensure smooth running of accounts and encourage timely recovery of payments. The role is also responsible for strategizing the team's proposition in supporting business needs. It is the team's esteem responsibility to alert management of any potential issue and risk that could potentially impact the company unfavorably in the scope of duties. Job Description Review Sales force application Checking document submitted on credit ratings with banks/credit bureau Concurring the approval of the application, raise alert should there be abnormality, document the exceptional/deviation for clearance of respective party Setting up the terms and conditions of a recovery plan Timely and effective collection of all debts and payments Negotiating repayment plans Maintaining contact with all stakeholders to ensure documents are clear for recovery/



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