Finance Operations Specialist

**Job Purpose / Role**:
The main purpose of this role is the timely settlement of receivables and payables, including the processing of related booking entries, reconciliation (balancing& resolution of differences) along with payments processing, treasury support, cashflow, management and projection.
**Key Responsibilities**:
Coordination, clarification and balancing of unbalanced items, and resolution of differences
- Ensure that all accounts receivable / payables are settled and collected as per agreed terms of settlement.
- Identify and analyse all accounts differences and liaise with Underwriting and the brokers to ensure that all items are booked correctly, and differences are resolved in a professional manner and on a timely basis. Establish and maintain an abeyance system.
- Recommend write offs where applicable.

Processing
- Coordination, transfer, and reconciliation of data from interfaces of front-end systems.
- Execute settlements with counter parties (brokers, cedants, insurers, internal affiliates) for the control of outstanding balances of AGCS.
- On an ongoing basis, properly account for all collections through timely cash allocation and clearing of suspense in the GL. Prepare monthly cash, receivable / payable and other account reconciliations, and related journal entries.
- Perform credit control function of Accounts Receivable/Payable and related account reconciliations as assigned.

Payments and Treasury Support
- Bank reconciliation.
- Consistent filing of bank advices and payment supporting documents for audit trails.
- Expense reimbursements data preparation.
- Interfund payments processing and Claims payments processing.
- Mapping of new payee code in GL system (SAP) and Feeder system.
- Payroll funding, maintenance of company bank accounts and signatories.
- Regular cashflow projection.

Governance and Quality Assurance
- Archive records to satisfy audit and statutory requirements.
- Draft standards to improve quality.
- Identify process efficiency gains opportunities (e.g., with options for automation).

Collaboration and Customer Service
- Maintain a collaborative relationship with external brokers. Provide professional and timely customer service to internal and external customers.
- Work collaboratively with other Functional areas (Claims, IT, Operations, Underwriting) in establishing processes, booking flows and accuracy completeness controls.
- Work with third party collection agencies as required.

Ad-hoc tasks and project work as assigned
- Engage in tasks and projects that leverage on existing skills set or offer personal development opportunities.

**Key Experience / Requirements / Skills**:
Required Experience
- Professional experience in reinsurance, P insurance and / or asset management.
- Project and teamwork in an international and dynamic environment.
- Proven understanding of credit control practice and principles.

Required Education
- Tertiary qualification in Business Administration, Economics, Finance, Accounting, or comparable degree preferred or qualified by experience in related discipline.

Technical Skills
- Advanced Excel and PowerPoint skills to effectively analyse data and convey messages in a winning fashion.
- Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.
- Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) with regards to reporting, compliance, and declaration.
- Understanding insurance financial statements and their performance measurement including drivers.

General Skills
- Analytical Thinking and Numeracy: Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distil key issues and provide insight in various situations.
- Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).
- Problem Solving: Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.
- Project Management: Ability to manage projects (milestone and task planning, managing resources, controlling, monitoring, reporting, moderating) and to develop solutions while considering complex stakeholder structures and requirements.

Languages
- English
- Proficiency in other Asian languages is advantageous.

77135 | Finance& Accounting | Professional | Allianz Commercial | Full-Time | Permanent
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