Insurance Premium Collections Specialist

PhilBritish Insurance Co. Inc.; Philippines; On-site; PHP 180,000 - 300,000; Full time

Job summary

PhilBritish Insurance Co. Inc. in the Philippines is seeking a Credit & Collection Staff to monitor outstanding premium receivables, follow up on due accounts, and ensure accurate posting of payments in the ERP system.

The role focuses on timely collections and reconciliation with brokers and corporate clients while adhering to Insurance Commission guidelines. Candidates should have a related degree and 1–2 years of experience in credit control, with strong Excel proficiency.

Qualifications

• A degree in accounting, finance, banking, or business administration is required.
• 1–2 years in credit control, billing, or accounts receivable preferred.
• Proficient in Microsoft Excel.
• Foundational knowledge of Philippine taxation regulations, specifically withholding taxes on insurance transactions.

Responsibilities

• Monitor and manage Accounts Receivable (A/R) aging reports for outstanding insurance premiums.
• Conduct proactive follow-ups on due and past-due premium accounts via phone, email, or collection letters.
• Coordinate with insurance intermediaries (brokers and agents) regarding production accounts and outstanding balances.
• Issue accurate Statements of Account (SOA) and billings to direct corporate clients and partners.
• Process, check, and post incoming premium payments (cash, checks, bank transfers, online channels) into the ERP system (e.g., SAP, Oracle).
• Reconcile collection reports against bank remittances and direct deposits.
• Enforce the Cash and Carry rule under Philippine Insurance Law to ensure coverage is not sustained if premiums remain unpaid beyond the grace/credit period.
• Ensure accurate calculations and withholding tax treatments (BIR VAT and expanded withholding tax) for insurance commissions and premium payments.

Skills

Accounts receivable

Cash collection

Relationship management

Education

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

Tools

SAP ERP

Oracle ERP

Job description

PhilBritish Insurance Co. Inc. in the Philippines is seeking a Credit & Collection Staff to monitor outstanding premium receivables, follow up on due accounts, and ensure accurate posting of payments in the ERP system.

The role focuses on timely collections and reconciliation with brokers and corporate clients while adhering to Insurance Commission guidelines. Candidates should have a related degree and 1–2 years of experience in credit control, with strong Excel proficiency.