Collection and Accounts Settlement Assistant

Qualifications:

1. Bachelor's degree in Accounting or Business Management or any related course

2. Preferably with at least 2 years related work experience in collections and accounts receivable from any industry. New graduates are welcome to apply.

Scope of Responsibilities:

1.     Reinsurance (RI) Payment Processing

Reviews and recommends for approval of Payment Request Form, ARIMA Settlement Request Form and SAP Posting Invoice upon receipt of Cedant/Broker's Statement of Account, Claims Payment Request or validation of RI Payable with RI Contracts

2.     RI Collection Application

Reviews and approves cash collection application in the Subsidiary Ledger (ARIMA & SAP) upon receipt of the remittance details from the Collection Department.

3.     Ledger Maintenance

Reviews and approves other RI-related data entry to GL accounts and ensure that these are supported with complete and valid documentation

4.     Reconciliation of accounts with Third Party

Reviews and monitors progress of reconciliation of records with third party statement of accounts

5.     Monitors and reviews lists of retro payables recommended for payment (e.g.Premiums, XOL, Mindep, Stop Loss) (Weekly/Monthly)

6.     Revaluation of RI Balances for Manual Subsidiary Ledgers (Monthly)

Reviews and approves data entry related to revaluation of balances in foreign currencies

7.     SL-GL Reconciliation of Manual Subsidiary Ledgers (Monthly)

Reviews SL-GL reconciliation prepared by the Technical Accountant and ensure that balances are aligned with official records (SL & GL), and material variances, if any, is accounted for and resolved/corrected in subsequent period.

8.     Exception Reporting (Monthly)

- Monitors the ARIMA exception reports and ensure balances are followed-up and cleared

- Prepares the following data: Status of receivables/payables, Monthly collection report, Top 10 outstanding accounts

9.     Assists the compliance department in complying with treasury-related regulation (Monthly)

10.   Allowance for Doubtful Accounts (Quarterly)

Provides schedule of ADA to Management Accounting