Finance Operations Specialist (Contract) – Settlements

Allianz Services; Kuala Lumpur; On-site; MYR 58,000 - 86,000; Part time

Job summary

Allianz Services, part of Allianz Group, invites applications for a Finance Operations role supporting settlements, credit control and intermediary transactions. This contract position will contribute to finance transformation initiatives and UAT on system improvements while ensuring accurate processing and strong internal control.

By joining the finance operations team, you will liaise with intermediaries, manage reconciliation, issuances and disputes, and help enhance AR processes in a dynamic

Qualifications

• Tertiary Education in Accountancy and Finance or related studies such as Business Administration.
• Minimum at least 3 years of experience in credit control function and with working experience in the insurance industry.
• Excellent analytical, problem-solving and communication skills.
• High level of integrity and attention to details.
• Ability to convey information clearly and effectively to management (verbal and written).
• Ability to identify patterns and root causes in complex data and processes.
• Ability to handle complex processes (closing, reporting, finance operations).
• Versatile with good knowledge and understanding in Finance Operations works and processes.

Responsibilities

• Manage settlement for premiums, commissions, credit control and daily finance operation processing on intermediaries for Agency portfolio.
• Establish and improve the processes of credit control for portfolio where necessary.
• Perform issuance of Notice of Cancellation and Letter of Demand and liaise with external agencies/ law firm for recovery of premiums.
• Propose and perform write off for non-collectible premiums.
• Manage reconciliation of funds received and perform inter system and suspense reconciliation.
• Perform receipting allocation and reconciliation and liaise with internal/ external stakeholders to resolve related issues.
• Responsible for sending statement of account and commission advice for intermediaries.
• Liaise with intermediaries and Policy Management Team to resolve discrepancies in policy booking and premium reconciliation.
• Perform processing works with data security control execution.
• Manage and resolve all disputes and issues with intermediaries in collection of premiums.
• Propose and establish improvements in processes and controls in AR scope of work.
• Establish SOP for AR scope of work assigned where need be.
• Liaise with Business Development Teams in the management of intermediaries.
• Liaise with IT Technical Team and/ or Policy Management Team to resolve discrepancies in bookings, GST and intermediaries account set up that affects premium collection.
• Ad-Hoc project/ job as assigned by Head of Finance Operations from time to time.

Skills

Analytical skills

Problem-solving

Communication skills

Attention to detail

Integrity

Education

Accountancy and Finance

Job description

Allianz Services, part of Allianz Group, invites applications for a Finance Operations role supporting settlements, credit control and intermediary transactions. This contract position will contribute to finance transformation initiatives and UAT on system improvements while ensuring accurate processing and strong internal control.

By joining the finance operations team, you will liaise with intermediaries, manage reconciliation, issuances and disputes, and help enhance AR processes in a dynamic