Treasury & Disbursement Specialist (1 Year Contract)

Prudential Assurance Company Singapore; Singapore; On-site; SGD 50,000 - 75,000; Full time

Job summary

Prudential Assurance Company Singapore is seeking a Finance Operations Executive to join the Treasury & Disbursement team. The role is critical for managing end-to-end disbursement operations, ensuring accuracy and compliance with financial regulations while supporting the month-end close processes.

The ideal candidate will bring experience in insurance accounting, payment processing, and reconciliation functions, with proficiency in financial systems such as Oracle Fusion. This position offers a dynamic work environment that supports continuous improvement initiatives and collaboration with various stakeholders.

Qualifications

• Solid understanding of insurance accounting, Accounts Payable, and Accounts Receivable.
• Experience processing payments and performing month-end closing tasks in a high-volume finance setting.
• Ability to work independently while meeting tight deadlines.

Responsibilities

• Execute daily payment processing for insurance payouts and vendor payments.
• Perform balance sheet reconciliations, including bank reconciliations.
• Support month-end closing activities and accruals.

Skills

Experience in insurance accounting

Payment processing

Balance sheet reconciliations

Analytical skills

Interpersonal skills

Proficiency in Oracle Fusion

Tools

Life Asia

Oracle

Anaplan

Alteryx

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed. The Finance Operations Executive is a key member of the Treasury & Disbursement team, responsible for end‑to‑end disbursement operations, month‑end close, and balance sheet reconciliations. The role covers daily processing of insurance payouts, commissions, expenses, and investment bank transfers, alongside reconciliation and continuous process improvement initiatives. This position ensures the accuracy, timeliness, and integrity of financial operations in compliance with statutory, regulatory, and internal control requirements. Managing high transaction volumes under tight timelines, the Executive partners closely with internal stakeholders to resolve issues, strengthen controls, and support system and process enhancements. Reporting to the Lead, Finance Operations, the role plays an important part in maintaining operational excellence within a fast‑paced environment.

Key Responsibilities

• Execute daily payment processing for insurance payouts, vendors, staff reimbursements, commissions, incentives, and investment bank transfers, ensuring accuracy, timeliness, and compliance with policies and controls.
• Response to Life Operations queries on payment status and accounting code for insurance/expense processing
• Perform assigned balance sheet reconciliations, including bank reconciliations, inter‑fund, inter‑company, and other supporting schedules.
• Support month‑end closing activities, including accruals, provisions (e.g. premiums, claims, NBP), fixed asset accounting, and expense allocations.
• Act as a system user and first‑level troubleshooter for finance systems and tools (e.g. Life Asia, Oracle, Anaplan, Alteryx), including issue identification, escalation, and resolution of internal user enquiries related to systems or reports.
• Drive ongoing process improvement initiatives to enhance efficiency, strengthen controls, and streamline end‑to‑end workflows.
• Prepare ad‑hoc schedules, provide audit documentation, and perform financial analysis to support internal and external audit requirements.
• Support finance projects, system enhancements, and other assignments as directed by management.

Who We Are Looking For

• Experience in the insurance industry with a solid understanding of insurance accounting, Accounts Payable, and Accounts Receivable.
• Proven experience in payment processing, balance sheet reconciliations, and month‑end closing within a high‑volume, operational finance environment.
• Strong analytical and problem‑solving skills, with a keen eye for detail and a continuous improvement mindset.
• Highly motivated, delivery‑focused, and able to work independently while meeting tight deadlines.
• Proficiency in financial systems; experience with Oracle Fusion is preferred.
• Ability to perform effectively in a fast‑paced environment and manage competing priorities under pressure.
• Strong interpersonal and communication skills, enabling effective collaboration across functions.
• Self‑driven, detail‑oriented, and committed to delivering accurate, high‑quality financial outcomes.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part‑time / fixed‑term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third‑party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.