Finance Staff – Accounts Payable

Finance Staff – Account Payable

Qualifications:

• Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.

• Minimum 2 years of experience in Accounts Payable.

• Experience in the insurance, reinsurance, or insurance/reinsurance brokerage industry is highly preferred.

• Strong understanding of payment processing, bank reconciliation, cash flow management, and financial administration.

• Familiarity with Credit Notes (CN), Debit Notes (DN), brokerage calculations, and reinsurance transactions is an advantage.

• Proficient in Microsoft Excel and other financial software applications.

• Strong analytical skills, attention to detail, and accuracy.

• Able to work independently, prioritize tasks, and meet deadlines.

• Good communication and interpersonal skills.

Job Description:

• Prepare and process company payments accurately and in a timely manner.
• Prepare Payment Requests PR and ensure all supporting documents are complete and properly approved prior to payment processing (invoices, and other related documentation).
• Prepare brokerage calculations and verify the accuracy of brokerage income and expenses.
• Monitor and follow up on outstanding balances with reinsurers and business partners.
• Review and monitor daily bank transactions and account movements.
• Prepare daily cash flow reports and provide regular updates on the company’s cash position.
• Perform bank reconciliations and ensure all transactions are properly recorded.
• Coordinate with internal departments and external counterparties regarding payment settlements and financial transactions.
• Maintain proper filing and documentation of financial records in accordance with company policies and regulatory requirements.
• Assist in month-end closing activities and support finance-related reporting requirements.