Credit Control Manager

Canopius Group; Singapore; Hybrid; SGD 70,000 - 90,000; Full time

Benefits offered by this job

Comprehensive benefits package

Flexible benefits

Discretionary bonus

Health insurance cover

Job summary

A leading insurance firm based in Singapore is seeking an experienced Credit Control Manager to oversee financial accounting for premiums and claims. The ideal candidate should have strong accounts receivable experience, particularly in the insurance sector, and proficiency in Microsoft Excel. This position involves leading a team, ensuring accurate and timely financial reporting, and building effective communication between global offices. The role offers a comprehensive benefits package with hybrid working options.

Qualifications

• Experience in accounts receivable and payable is critical.
• Proficiency in Microsoft Excel is essential.
• Knowledge in Lloyd's business and operations is advantageous.

Responsibilities

• Responsible for financial technical accounting for premium and claims.
• Oversee timely allocation of premium collections.
• Lead a team of Credit Controllers ensuring accuracy and efficiency.

Skills

Direct and Facultative Insurance knowledge

Accounts receivable and payable

Bank reconciliations

Cash accounting

Microsoft Excel proficiency

Tools

SUN Accounting systems

Subscribe policy administration system

Job description

Overview

Job Description This position has the responsibility for all credit control matters in Singapore relating to the operation of the service company for premium and claim allocations. This position is well suited for someone with accounts receivable experience in the insurance industry.

Responsibilities

• Responsible for Syndicate financial technical accounting for premium and claims.
• Oversees timely, accurate allocation of premium collections by handling queries, monitoring and expediting collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review.
• Coordinate on signings and Subscribe bookings with Finance to validate booked premium.
• Ensure timely and accurate preparation of internal technical reports such as monthly written and paid premium/claims bordereau to London.
• Responsible for premiums collections by handling queries, monitoring and expediting collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review.
• Preparation of ledger entries relating to premiums and claims.
• Maintain strong internal controls over credit processes; ensure documentation and testing readiness.
• Build a strong working relationship and strong working processes to ensure smooth communication between the Singapore, Australia and London offices.
• Lead the team of Credit Controllers, ensuring high standards of accuracy and efficiency on credit control matters.
• Coach and develop a high-performing team; set clear objectives and cadence.
• Support Management on any ad hoc duties.

Qualifications

Skills & Experience

• Knowledge or experience in various Direct and Facultative Insurance classes of business would be advantageous.
• Knowledge in Lloyd’s business and operations would be advantageous.
• Experience in accounts receivable and payable, bank reconciliations and cash accounting.
• Computer literate.
• Proficiency in Microsoft Excel.
• Experience with SUN Accounting systems and Subscribe policy administration system advantageous.

Our Benefits

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, pension contributions, flexible benefits, discretionary bonus, insurances including health (family) cover, and many other benefits to enhance financial, physical, social and psychological health.

About Us

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results. Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected. We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds. We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.