Finance Operation Executive

3 days ago

Singapore Prudential plc Full time

Finance Operation Executive (Treasury & Disbursement)

Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The team is responsible for the full spectrum of Treasury and Disbursement of insurance, commission and expense payouts. The scope covers daily processing, reconciliation, checks and balances, setting up provisions/accruals, GL by process rule, cashflow management and book close processing, expense allocation and formulating on-going improvement to the existing process. The team reports to Head of Finance Operations. The expectation of the team is accurate, efficient and timely processing of payment/reconciliation/closing/cashflow forecast while ensuring all financial operations are in compliant with relevant policies, statutory and regulatory requirement/guideline. The team is also expected to continuously seek and formulate strategy for efficiency, productive, and effective processing risk control of the complex multi-layer of business rule against system design and stay aligned with all governing rules. It is the team's esteemed responsibility to alert the management of any potential issue and risk that could potentially impact the company unfavorably in the scope of duties.
- Assists in Treasury and Disbursement functions, including payments for insurance-related payouts, vendor and staff related payouts, commission and incentives payouts, banks, daily cash flow management, setting up of provisions/accruals and various reconciliations (e.g. balance sheet reconciliations, bank reconciliations etc.)
- Ensure proper documentation of processes and controls within Treasury and Disbursement Team
- Actively look to improve the workflow and processes with a view of minimizing control weakness whilst improving efficiency and ensuring accuracy of critical outputs
- Ensure operational effectiveness and efficiency
- Support the maintenance of various systems (e.g. insurance admin system sub ledger chart of accounts; expense categories within the expense systems)

**Who we are looking for**:

- Background, experience and knowledge of insurance industry and insurance accounting
- Familiar with payment processing eg insurance-related payouts, vendor and staff payouts, commission payouts etc.
- Digital savvy that enjoys building operations model
- Able to work in a fast-paced environment with tight timeline.
- High personal levels of motivation and delivery orientated focus
- Good communication skills, thus ability to liaise and collaborate with various internal and external stakeholders.

Job ID 24060299

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