Finance Executive

• Maintains Accounts Receivables Master Report in excel (collection, broker commission & premium refunds).
• Responsible for the collection of premium in respect of all the clients they handle, both direct and broker accounts, within the credit period.
• Prepares weekly AR aging & collection reports for management review and analysis.
• Ensures timely collection of premiums through regular email & phone correspondence in accordance with the credit control guidelines and policies.
• Maintains Collections Register. Ensures that all receipts are recorded in the collections register (premium, HAAD and non-AR).
• Responsible for booking premium collections on the system.
• Handles reconciliation with the brokers on their clients accounts.
• Maintains broker accounts. Handles reconciliation with the brokers on their commissions.
• Prepares broker commission statements and processes commissions due for payment.
• Process premium refund upon request by the client.
• Ensures that relevant documents are submitted in accordance to accounting and auditing requirements which include signed quotations, broker agreements, broker letters, VAT Certificate, Tax Invoices/Self-Billing, IA/DOH/DHA licenses.
• Responsible for the issuance of manual debit and credit notes for AR related party transactions on a monthly basis.
• Assists the Supervisor AR in monthly closing and Audit.
• Reconciles the accounts receivable and broker payables ledgers to ensure that all transactions are accounted for and properly posted.
• Handles and prepares balance confirmation during year-end audits.
• Assists in providing the auditors with the required documentations or reports during quarterly and yearly audits.
• Collects HAAD payments and send notification to Operations.
• Sends daily advice to Operations/Claims for cleared accounts.
• Responsible for ensuring that petty cash are physically secured and that disbursements are properly supported and approved.
• Ensures that replenishment and cash count are done on a timely basis.
• Assists Operations in issuing manual invoices.
• Assists in booking month-end sales invoices in the system.
• Handling of all the above functions in SUN accounting system as well.
• To successfully implement one simplification process across the function.
• Assist in any other task assigned by the HOF.

Business Knowledge

• Sound Accounting knowledge with an excellent understanding of concepts related to Accounts Receivables and Accounts Payables.
• Proficiency in Microsoft Office applications especially Microsoft Excel.
• Ability to use multiple accounting systems.

Area Of Knowledge

• Knowledge of generally accepted standard accounting principles
• Experience with computerized accounting systems.
• Effective written and verbal communication skills.
• Computer literate with superior skills in Microsoft Word and Excel.

Qualifications

• Bachelors Degree in Business Administration, Accounting, Finance, or any other related field.