Finance Operations Specialist

Join to apply for the Finance Operations Specialist role at Prudential Assurance Company Singapore . Prudential’s purpose is to be partners for every life and protectors for every future. We create a culture where diversity is celebrated and inclusion is ensured for our people, customers, and partners. We provide a platform for our people to do their best work, make an impact, and support their career ambitions. We pledge to make Prudential a place where you can connect, grow, and succeed. The Finance Operations Specialist is a key member of the Treasury & Disbursement team, responsible for the end‑to‑end disbursement process of insurance, commission and expense payouts, month‑end close, reconciliation and analysis activities. In addition to execution, the role provides control enhancement and system improvements. The Senior Executive will manage high transaction volume under tight deadlines while ensuring operational accuracy, efficiency, and compliance with statutory, regulatory, and internal policy requirements. Reporting to the Lead, Finance Operations, the role takes greater ownership of end‑to‑end process and proactively collaborates with cross‑functional stakeholders to resolve issues and drive continuous improvement. Key Responsibilities Oversee daily cash flow management including liaison with banks and investment counterparties. Support daily payments for insurance‑related payout, distribution compensation, investment bank transfers and expense payments, ensuring accuracy, timeliness and compliance. Handle and take ownership of complex reconciliations (e.g., bank reconciliation, balance sheet, inter‑fund), investigating and resolving variance independently. Manage month‑end closing activities, including provisions, accruals (e.g., Premium, Claims, NBP), fixed asset accounting and expense allocations. Act as the first point of escalation for internal customer enquiries on system/reporting issues, coordinating resolution with relevant teams. Review and recommend enhancements to payment, reconciliation and closing processes, strengthening controls and streamlining workflows. Support system upgrades, UAT and process improvement initiatives. Maintain insurance admin system sub‑ledger chart of accounts. Support month‑end closing activities related to insurance and reinsurance business. Prepare/review monthly schedules, including: Balance sheet reconciliation Suspense management Bank reconciliation Other ad‑hoc schedules or analyses Identify process gaps and inefficiencies, recommending and implementing improvements to strengthen controls and streamline workflows. Manage periodic exercises such as liaison with internal/external auditors, review SOX documentation, review SOPs/SLAs, participate in BCP/ITDR, GL rollover exercise, and update various registers (e.g., Risk, Incident, User‑Developed Applications). Who We Are Looking For Background in the insurance industry with a strong understanding of insurance accounting. Experience in payment processing, reconciliations, and month‑end closing in a high‑volume environment. Strong analytical and problem‑solving skills, with a focus on accuracy and process improvement. High personal motivation and delivery‑oriented focus. Proficiency with financial systems (Oracle Fusion experience preferred). Ability to work under pressure in a fast‑paced environment and meet tight deadlines. Excellent interpersonal and communication skills for effective cross‑functional collaboration. Self‑motivated, detail‑oriented, and committed to delivering high‑quality outputs. Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part‑time / fixed‑term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third‑party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements. #J-18808-Ljbffr