Accounting Analyst, Credit Control
3 days ago
Title:
Accounting Analyst, Credit Control (Contract)
Company:
Everest Reinsurance Company (Singapore)
Job Category:
Contingent Workers
**Job Description**:
The individual is responsible for overseeing the collection and settlement of direct and intermediary accounts in a timely manner. This involves the reconciliation and processing of reinsurance receipts and payments, analyzing of premiums collection and claims settlement. The individual is also responsible for various month end close related reconciliations and quarterly reportings related to reinsurance receivable/payable.
Essential Job Functions and Scope (includes but is not limited to):
- Reconciliation of AR/P balances, monitor debtor/creditor balances to pursue and collect receivables and promptly settle payables when due.
- Reply promptly to stakeholders’ questions and concerns.
- Ensure receivables/payables are accurately analyzed and cleared from AR/AP system.
- Liaise with Technical Account Analysts on technical matters (e.g. non-receipt of statements).
- Monthly reconciliation of XUBER to G/L system.
- Prepare and post monthly journal vouchers where necessary.
- Prepare payments which include initiation of Wire Transfer payments via banking platform
- Reconcile incoming funds to receivables/payables and perform receipting and allocation in XUBER.
- Preparation of AR/P schedule for MAS reporting & audit.
- Preparation of Non-Admitted Assets report (from H.O.) (CECL)
- Preparation of quarterly Balance Sheet analysis report - LICP (from H.O.).
- Perform Controlled Accounts Reconciliation for H.O.
- Update, reconcile and follow up on unapplied cash (deposit/disbursement suspense).
- Prepare balance sheet reconciliations and follow up to ensure balance sheet items are up to date and cleared in a timely manner.
- Carry out any ad hoc project as and when assigned by Management.
Qualifications, Education & Experience:
- Minimum 3-5 years’ experience in credit control or related experience. Preferably from general insurance/reinsurance industry.
- Preferred education qualification: Bachelor’s degree in accounting, finance, or business. Minimum: Diploma in accounting, finance or business.
Knowledge, Skills & Competencies:
- Strong analytical skills and attention to detail.
- Confident and has strong verbal and written communication skills to manage various internal and external stakeholders.
- Proven track record in debt collection, negotiating payments and handling disputes - Preferred.
- Able to reconcile complex accounts and resolve issues - Preferred.
- Adaptable to change, takes initiative and ownership and looks for ways to improve processes - Preferred.
- Works well both in a team and independently to accomplish team goals and objectives.
- Able to thrive under pressure and adhere to deadlines.
- Proficient in Microsoft Excel and other basic technology skills.
LI-Hybrid
Type:
Agency Consultant
Time Type:
Full time
Primary Location:
Singapore Reinsurance
Additional Locations:
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