Accounting Analyst II - Credit Control at Everest · Singapore

Accounting Analyst II - Credit Control Location: Singapore Title: Accounting Analyst II - Credit Control Company: Everest Reinsurance Company (Singapore) Job Category: Finance Job Description: About Everest: Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world. Everest is seeking an Accounting Analyst for Credit Control who will report to the Technical Accounting and Credit Control Manager based in our Singapore office. The individual is to manage credit control, technical payments and reinsurance accounting matters. The individual will need to be hands-on and responsible for a portfolio of direct and intermediary accounts. Responsibilities involve reconciliation and processing of insurance and reinsurance receipts and payments, analyzing of premiums collection and claims settlement and following up with the objective of reducing outstanding receivables and payables. The individual is also responsible for various month end close related reconciliations and quarterly reportings related to reinsurance receivable/payable.  Requirement: A good team player which provides support to other team members in some aspects of reconciliation or adhoc duties. Responsibilities: Credit Control Prepare Cash/ARP application worksheet Reconciliation of AR/P balances, monitor debtor/creditor balances to pursue and collect receivables and promptly settle payables when due. Be responsible and take initiative in negotiating settlement plans with the brokers to reach an agreement. Ensure receivables/payables are accurately analyzed and cleared from AR/AP system within the accounting month of transaction or for transactions received within week of closing, at least recorded by next accounting month with supporting document. Liaise with Technical Assistants on technical accounts matters (e.g. non-receipt of statements) and underwriters to resolve any ARP differences (e.g. differences in ARP between brokers and us) Update, reconcile and follow up on unapplied cash (deposit/disbursement suspense). Ensure cash management module in Oracle is updated for all cash receipts. Initiate and raise prepare technical payments with supporting documents for approval and coordinate with Treasury team for the settlements. Ensure accurate recording and allocation of payments and receipts within policy system – Xuber. Reply promptly to stakeholders’ questions and concerns. Financial Control/Reporting matters Prepare Daily Cash report Prepare monthly reconciliation of Xuber to Oracle GL Prepare and post monthly journal vouchers where necessary Prepare of AR/P schedule for MAS reporting & audit. Prepare Non-Admitted Assets report (from H.O.) (CECL) Prepare balance sheet reconciliations and follow up to ensure balance sheet items are up to date and cleared in a timely manner. For HK runoff operations - Prepare monthly cash revaluation, perform bank reconciliation and balance sheet reconciliations (ARC) Others Carry out any ad hoc project as and when assigned by Management. Support audit processes by providing documentation and responding to internal and external audit requests Assist with implementation, testing and improvement of finance systems and processes Contribute to process improvements and ensure adherence to internal controls and policies Qualifications Experience in credit control preferred. Preferably from general insurance/reinsurance industry. Open to fresh graduates and individuals who have relevant work experience and looking to return to workforce. Minimum: Diploma in accounting, finance or business. Minimum education qualification: Diploma in accounting, finance or business. Knowledge, Skills and Competencies: Proven track record in debt collection, negotiating payments and handling disputes. Strong analytical skills and attention to detail to reconcile complex accounts and resolve issues. Confident and has strong verbal and written communication skills to manage various internal and external stakeholders. Adaptable to change, takes initiative and ownership and looks for ways to improve processes. Works well both in a team and independently to accomplish team goals and objectives. Able to thrive under pressure and adhere to deadlines. Proficient in Microsoft Excel and other basic technology skills. What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process. Our Culture At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click hereto learn more about our culture. Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging. Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. Type: Regular Time Type: Full time Primary Location: Singapore Additional Locations: Privacy Notice | Everest (everestglobal.com)