Senior Finance Executive (Receivables & Credit Control, Perm, Insurance)

RecruitFirst Pte. Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services firm in Central Singapore is seeking an experienced financial operations professional to manage accounts receivable and credit control processes. The ideal candidate will have over 5 years of experience in the financial or insurance industry, a recognized degree in business or accounting, and a proven track record in process improvement. This role is open to Singaporeans only.

Qualifications

• More than 5 years of experience in Financial Operations in financial/insurance industry.
• Experienced in streamlining of processes.
• Singaporean only.

Responsibilities

• Manage accounts receivable and credit control processes.
• Coordinate team responsibilities and monitor deliverables.
• Engage stakeholders for queries and solutions.
• Prepare journal entries for financial reporting.
• Assist in financial and regulatory reporting.

Skills

Financial operations expertise

Process improvement

Stakeholder engagement

Education

Recognised Degree in Business, Accounting or related discipline

Job description

Location: Central

Working Hours: Mon to Thurs: 830am to 530pm, Fri: 830am to 430pm

Salary: Up to $6,500/month

Job Description:

• Receivables & Credit Control Operations

  • Ensure the efficient execution of accounts receivable and credit control processes, including the issuance of statements, commission disbursements, and timely settlement of premiums with agents, brokers, clients, and reinsurers. Drive process consistency and support cash flow optimization.

• Team Coordination & Output Monitoring

  • Support the allocation of responsibilities within the team and monitor the quality and timeliness of deliverables, contributing to a high-performing finance function.

• Stakeholder Engagement

  • Serve as a key liaison for resolving queries from internal business units, clients, and intermediaries, ensuring responsive and solution-oriented communication.

• Financial Controls & Journal Management

  • Review and prepare journal entries related to provisions for doubtful debts and other receivable-related adjustments, ensuring accuracy and alignment with financial reporting standards.

• Regulatory & Financial Reporting

  • Support Assist in the preparation of financial and regulatory reports related to receivables, supporting compliance with MAS and internal governance requirements.

• Reinsurance Reconciliation

  • Perform reconciliation and follow-up with reinsurance partners on outstanding statements, ensuring accuracy and timely resolution of balances.

• Receipting Operations

  • Oversight Ensure the smooth operation of receipting processes, including the management of unidentified receipts and the integrity of receipting records.

• Reconciliation & Ledger

  • Integrity Perform and review debtor and bank reconciliations, ensuring alignment with the general ledger and maintaining accurate cashbook records.

• GST Compliance

  • Support the preparation of quarterly GST returns, ensuring compliance with tax regulations and timely submission.

• Credit Control Governance

  • Assist in the preparation and presentation of bi-monthly credit control meetings, providing insights and updates to support informed decision-making.

• Process Improvement & Transformation

  • Contribute to the enhancement of credit control processes through system improvements, automation, and best practice adoption, supporting the department’s transformation agenda.

• System Operations & Month-End Closing

  • Manage the Debtor and Cash Book systems, including month-end closing activities, report generation, and transaction matching to ensure data accuracy and timely reporting.

• Strategic Support & Ad Hoc Initiatives

  • Undertake additional assignments as directed by the Head of Division, contributing to broader corporate objectives and cross-functional initiatives.

Requirements:

• Recognised Degree in Business, Accounting or related discipline

• More than 5 years of experience in Financial Operations in financial/insurance industry.

• Experienced in streamlining of processes.

• Singaporean only