
Finance Operations Manager Insurance
3 days ago
**Position Objective**:
- Ensure accurate and timely accrual of expenses and fixed assets
- Ensure expenses are recorded in accordance to MAS320
- Ensure timely reporting of Actual v Budget
- Project cash-flow and minimize liquidity risk
- Budget management and financial analysis
- Maintain SAP system. Support maintenance of other core systems.
- Review management expenses and sales costs, ensure those booked into funds appropriately, and ensure payments are disbursed from appropriate bank accounts to minimize inter-fund transactions.
- Oversight daily system interface reconciliation to SAP, follow up with Operation, distribution and Fin-tech departments to rectify any issues on a timely basis.
- Involve in new product UAT, ensure GL accounting for all processes in order.
- Manage the month-end closing process, including review on accrual of expenses, fixed assets and expense allocation etc. to ensure the accuracy and completeness.
- Perform monthly system reconciliation for Premium, Commission and Claims. Maintain audit schedules of balance sheet accounts.
- Review bank reconciliation. Ensure bank reconciling items are followed up on timely basis.
- Prepare cash-flow projection on rolling basis. Ensure PAR premium is being transferred to Investment on timely basis, and operational cash holding is being kept to an optimal level.
- Liaise with other departments to conduct annual budget planning under the guideline of Head Office. Monitor budget movement regularly and perform analysis to explain flux.
- Assist distribution on commission and promotion query, claw-back process and tax filing.
- Support Head Office report requests and Internal audit.
- Identify opportunities to improve existing processes, tools and SOP, i.e. Ops receipting and payouts.
- Any other duties as may be assigned.
**Job Requirements**:
- Accountancy, Finance or relevant degree/diploma
- 5-7 years relevant Finance experience
- Proficient in SAP, excel, word and powerpoint
- Experience in insurance operations
- Good to have experience in process automation and RPA tools
*
Your interest will be treated with strict confidentiality.
**Salary**: $6,000.00 - $8,000.00 per month
Schedule:
- Monday to Friday
**Experience**:
- working in the insurance industry: 3 years (required)
- finance operation management: 5 years (preferred)
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