Accounting Role – General Insurance Promaynov Advisory Services

The Corporate Institute; Hinoba-an; On-site; PHP 350,000 - 500,000; Full time

Job summary

The Corporate Institute is seeking an experienced accounting professional in the Philippines to manage Premium, Claims, Reinsurance and Payroll accounting tasks. You will handle journal entries, month-end close, and ensure accurate reconciliations across premium, claims, and provisioning processes.

Responsibilities include premium booking and adjustments, premium/claims reconciliation, and coordinating with relevant teams to resolve discrepancies while supporting audit requirements and financial

Qualifications

• Experience in general insurance accounting and premium/claims accounting.
• Proficient in reconciliation across policy, billing, bank and accounting records.
• Familiarity with ERP/accounting systems and MS Excel.
• Strong analytical and reconciliation skills.

Responsibilities

• Handle Premium Accounting: premium booking, adjustments, collections, and monitoring.
• Perform Premium Reconciliation between policy, billing, bank, and accounting records.
• Manage Claims Accounting and Provisioning: reserves, payments, and outstanding claims.
• Handle Claim and Commission Accounting: calculations, entries, and payouts.
• Manage Reinsurance Accounting: ceded premiums, recoveries, commissions, and reconciliations.
• Perform Payroll Accounting, AP & AR activities and ensure timely closure.
• Process Employee Reimbursements and related reconciliations.
• Monitor Advance Premiums and ensure timely adjustments.
• Prepare journal entries, reconciliations, schedules, and supporting docs.
• Identify discrepancies and coordinate with teams for timely resolution.
• Support month-end/quarter-end close, audits, and financial reporting.
• Ensure compliance with internal policies and standards.

Skills

General Insurance Accounting

Premium & Claims Accounting

Reinsurance Accounting

Premium & Claims Reconciliation

Commission Accounting

AP AR & Payroll Accounting

Provisioning & Month-end Close

Advance Premium Monitoring

Excel & ERP Systems

Strong Reconciliation & Analytics

Tools

MS Excel

ERP/accounting systems

Job description

Role Overview:

• Handle Premium Accounting, including premium booking, adjustments, collections, and monitoring.
• Perform Premium Reconciliation between policy, billing, bank, and accounting records.
• Manage Claims Accounting and Provisioning, including claim reserves, payments, and outstanding claims.
• Handle Claim and Commission Accounting, including calculation, accounting entries, and payouts.
• Manage Reinsurance Accounting, including ceded premiums, claims recoveries, commissions, and reconciliations.
• Perform Payroll Accounting, AP & AR activities and ensure timely closure.
• Process and account for Employee Reimbursements and related reconciliations.
• Monitor Advance Premiums, ensuring timely adjustment and accurate accounting.
• Prepare journal entries, account reconciliations, schedules, and supporting documentation.
• Identify accounting discrepancies and coordinate with relevant teams for timely resolution.
• Support month-end/quarter-end closing, audit requirements, and financial reporting.
• Ensure compliance with internal accounting policies, controls, and applicable accounting standards.

Key Skills:

• General Insurance Accounting
• Premium & Claims Accounting
• Reinsurance Accounting
• Premium & Claims Reconciliation
• Commission Accounting
• AP / AR & Payroll Accounting
• Provisioning & Month-end Close
• Advance Premium Monitoring
• MS Excel and ERP/accounting systems
• Strong reconciliation and analytical skills