Accounting Assistant - Claims Payment

WHR Global Consulting; Muntinlupa; On-site; PHP 360,000 - 520,000; Full time

Benefits offered by this job

HMO

Holiday Gifts

13th Month Pay

Employee Loan

Retirement Plan

Job summary

WHR Global Consulting is seeking an Accounting Assistant - Claims Payment to join the Finance team in Muntinlupa. The role handles accurate processing and disbursement of insurance claims payments, ensuring regulatory compliance and strong financial controls.

You will verify payments, maintain documentation, and produce daily to monthly reports while coordinating with Claims, Underwriting, and Operations to improve processes.

Qualifications

• Bachelor’s degree in Accountancy, Finance, Business Administration, or related field.
• CPA license or progress toward CPA is an advantage.
• Minimum 2–5 years of relevant experience in claims payment, accounts payable, or insurance finance.
• Experience with insurance systems is highly preferred.
• Strong knowledge of general insurance claims processes.
• Advanced proficiency in Microsoft Excel and accounting software.
• High attention to detail and strong analytical skills.
• Excellent understanding of banking processes and electronic payment systems.
• Ability to handle high-volume transactions while meeting tight deadlines.
• High level of integrity and confidentiality.

Responsibilities

• Verify and validate claim settlement amounts against approved claims and policy terms.
• Prepare and release payments via bank transfer, check, EFT, or other approved methods.
• Ensure payments are processed within agreed SLAs and regulatory timelines.
• Perform daily reconciliation of claims payment accounts.
• Accurately record all payments in the general ledger and insurance core system.
• Support month-end, quarter-end, and year-end closing activities for claims provisions.
• Coordinate with Claims, Underwriting, Legal, and Operations teams on payment-related matters.
• Liaise with banks and payment providers to resolve rejected or failed transactions.
• Identify opportunities to automate and streamline the claims payment process.

Skills

Attention to detail

Analytical skills

Banking processes knowledge

High-volume transactions

Integrity & confidentiality

Education

Bachelor’s degree in Accountancy, Finance, Business Administration, or related field

CPA license or progress toward CPA

Tools

Microsoft Excel

Accounting software

Job description

On-site - Muntinlupa 3-5 Yrs Exp Bachelor Full-time

Job Description

Medical Reimbursement

Employee Recognition and Rewards

Holiday Gifts

Government Mandated Benefits

13th Month Pay, Employee Loan

Insurance Health & Wellness

HMO

Retirement Plan

The ACCOUNTING ASSISTANT - CLAIMS PAYMENT is a key member of the Finance team responsible for the accurate, timely, and compliant processing and disbursement of insurance claims payments.

This role ensures that all valid claims (motor, property, liability, accident, etc.) are paid efficiently while maintaining strong financial controls, regulatory compliance, and fraud prevention.

Functions (Duties and Responsibilities):

Claims Payment Processing

• Verify and validate claim settlement amounts against approved claims and policy terms.
• Prepare and release payments via bank transfer, check, EFT, or other approved methods.
• Ensure payments are processed within agreed Service Level Agreements (SLAs) and regulatory timelines.
• Perform daily reconciliation of claims payment accounts.
• Accurately record all payments in the general ledger and insurance core system.
• Support month-end, quarter-end, and year-end closing activities for claims provisions.

Compliance & Risk Control

• Ensure full compliance with Insurance Commission (IC) regulations, tax requirements, and company policies.
• Conduct payee verification and due diligence to prevent fraud and duplicate payments.
• Identify and elevate suspicious or irregular claims for further review.

Documentation & Reporting

• Maintain complete and accurate supporting documentation for all payments.
• Prepare daily, weekly, and monthly claims payment reports and performance dashboards.
• Support internal, external, and regulatory audits.

Stakeholder Management

• Coordinate with Claims, Underwriting, Legal, and Operations teams on payment-related matters.
• Liaise with banks and payment providers to resolve rejected or failed transactions.

Process Improvement

• Identify opportunities to automate and streamline the claims payment process.
• Participate in system enhancement and digital transformation initiatives.

Qualifications & Experience

• Bachelor’s degree in Accountancy, Finance, Business Administration, or related field.
• CPA license or progress toward CPA is an advantage.
• Minimum 2–5 years of relevant experience in claims payment, accounts payable, or insurance finance.
• Experience with insurance systems is highly preferred.
• Strong knowledge of general insurance claims processes.
• Advanced proficiency in Microsoft Excel and accounting software.
• High attention to detail and strong analytical skills.
• Excellent understanding of banking processes and electronic payment systems.
• Ability to handle high-volume transactions while meeting tight deadlines.
• High level of integrity and confidentiality.

HR Officer WHR Global Consulting