Job Purpose / Role:The main purpose of this role is the timely settlement of receivables and payables, including the processing of related booking entries, reconciliation (balancing & resolution of differences) along with payments processing, treasury support, cashflow, management and projection.Key Responsibilities:Coordination, clarification and balancing of unbalanced items, and resolution of differencesEnsure that all accounts receivable / payables are settled and collected as per agreed terms of settlement.Identify and analyse all accounts differences and liaise with Underwriting and the brokers to ensure that all items are booked correctly, and differences are resolved in a professional manner and on a timely basis. Establish and maintain an abeyance system.Recommend write offs where applicable.ProcessingCoordination, transfer, and reconciliation of data from interfaces of front-end systems.Execute settlements with counter parties (brokers, cedants, insurers, internal affiliates) for the control of outstanding balances of AGCS.On an ongoing basis, properly account for all collections through timely cash allocation and clearing of suspense in the GL. Prepare monthly cash, receivable / payable and other account reconciliations, and related journal entries.Perform credit control function of Accounts Receivable/Payable and related account reconciliations as assigned.Payments and Treasury SupportBank reconciliation.Consistent filing of bank advices and payment supporting documents for audit trails.Expense reimbursements data preparation.Interfund payments processing and Claims payments processing.Mapping of new payee code in GL system (SAP) and Feeder system.Payroll funding, maintenance of company bank accounts and signatories.Regular cashflow projection.Governance and Quality AssuranceArchive records to satisfy audit and statutory requirements.Document application of policies, procedures, and workflow for assigned areas of responsibility.Draft standards to improve quality.Identify process efficiency gains opportunities (e.g., with options for automation).Collaboration and Customer ServiceMaintain a collaborative relationship with external brokers. Provide professional and timely customer service to internal and external customers.Work collaboratively with other Functional areas (Claims, IT, Operations, Underwriting) in establishing processes, booking flows and accuracy completeness controls.Work with third party collection agencies as required.Ad-hoc tasks and project work as assignedEngage in tasks and projects that leverage on existing skills set or offer personal development opportunities.Key Experience / Requirements / Skills:Required ExperienceProfessional experience in reinsurance, P&C insurance and / or asset management.Project and teamwork in an international and dynamic environment.Proven understanding of credit control practice and principles.Required EducationTertiary qualification in Business Administration, Economics, Finance, Accounting, or comparable degree preferred or qualified by experience in related discipline.Technical SkillsAdvanced Excel and PowerPoint skills to effectively analyse data and convey messages in a winning fashion.Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) with regards to reporting, compliance, and declaration.Understanding insurance financial statements and their performance measurement including drivers.General SkillsAnalytical Thinking and Numeracy: Ability to identify patterns and root causes in complex (e.g., ambiguous, from various sources) data and processes to rapidly distil key issues and provide insight in various situations.Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).Problem Solving: Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.Project Management: Ability to manage projects (milestone and task planning, managing resources, controlling, monitoring, reporting, moderating) and to develop solutions while considering complex stakeholder structures and requirements.LanguagesEnglishProficiency in other Asian languages is advantageous.What’s in it for you?Let’s care about everything that makes you, youWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.Let’s care for your financial wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.Let’s care for your opportunities to progressFrom career development and digital learning programmes to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.Let’s care for life’s twists and turnsFrom our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.Let’s care for our society and our planetWith opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.Care to join us?Allianz Global Corporate & Specialty (AGCS) is a global corporate insurance carrier andpart of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here.Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.All applications applied through our system will be delivered directly to the advertiser and privacy of personal data of the applicant will be ensured with security.
