Senior Executive/Executive, Finance (Credit Control)

MS First Capital Insurance Limited; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

A leading insurance provider in Singapore seeks a credit control professional to support premium collections and manage outstanding accounts. The ideal candidate has 2-4 years of relevant experience, preferably in the insurance sector, and holds a diploma or degree in finance or a related field. Responsibilities include reconciling accounts and collaborating with internal teams to resolve client issues. A competitive compensation package is offered in a friendly and collaborative culture.

Benefits

Comprehensive professional training

Sponsorship of professional qualifications

Friendly and collaborative culture

Competitive compensation package

Qualifications

• 2-4 years of experience in credit control, preferably in insurance.
• Strong understanding of insurance operations and regulatory requirements.

Responsibilities

• Support the collection of premiums from clients and reinsurers.
• Monitor outstanding balances and follow up on overdue accounts.
• Assist in reconciling accounts and resolving payment discrepancies.
• Collaborate with finance to process payment applications.

Skills

Credit control experience

Proficient in Microsoft Excel

Strong communication skills

Analytical skills

Negotiation skills

Attention to detail

Education

Diploma or Degree in Finance, Accounting, or Business Administration

Job description

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.

As a member of our operations team, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

• Support the collection of premiums from clients, brokers, insurers, and reinsurers
• Monitor outstanding balances and follow up on overdue accounts on a regular basis
• Assist in reconciling accounts and resolving mismatches or payment discrepancies
• Maintain accurate and up-to-date records of all communications and collections activity
• Collaborate with the finance team to process payment applications, handle refunds, and support bank reconciliations
• Coordinate with internal teams (underwriting, claims) to resolve client issues impacting settlement
• Prepare aging reports and management reports for management review
• Provide administrative support to the credit control and finance teams as needed

Requirements

• Diploma or Degree in Finance, Accounting, Business Administration, or related field
• 2-4 years of experience in credit control is mandatory for this role, preferably in the insurance sector
• Strong understanding of insurance operations, billing cycles, and regulatory requirements
• Proficient in Microsoft Excel
• Good communication, negotiation, and problem-solving skills
• Strong attention to detail, analytical skills, and ability to manage large data volumes
• Job title will be determined based on the final candidate's experience and fit for the role

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which it was collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer at [e-mail] for more information on the retention and disposal of your personal data.