This position has the responsibility for all credit control matters in Singapore relating to the operation of the service company for premium and claim allocations. This position is well suited for someone with accounts receivable experience in the insurance industry.
ResponsibilitiesKey Responsibilities
Responsible for Syndicate financial technical accounting for premium and claims.
Oversees timely, accurate allocation of premiums collections by handling queries, monitor and expedite collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review.
Coordinate on signings and Subscribe bookings with Finance to validate booked premium
Ensure timely and accurate preparation of internal technical reports such as monthly written and paid premium/claims bordereau to London.
Responsible for premiums collections by handling queries, monitor and expedite collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review.
Preparation of ledger entries relating to premiums and claims.
Maintain strong internal controls over credit processes; ensure documentation and testing readiness
Build a strong working relationship and strong working processes to ensure smooth communication between the Singapore, Australia and London offices.
Lead the team of Credit Controllers, ensuring high standards of accuracy and efficiency on credit control matters.
Coach and develop a high-performing team; set clear objectives and cadence
Support Management on any ad hoc duties.
Skills & Experience
Knowledge or experience in various Direct and Facultative Insurance classes of business would be advantageous.
Knowledge in Lloyd’s business and operations would be advantageous.
Experience in accounts receivable and payable, bank reconciliations and cash accounting.
Computer literate.
Proficiency in Microsoft Excel.
Experience with SUN Accounting systems and Subscribe policy administration system advantageous.
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, pension contributions, flexible benefits, discretionary bonus, insurances including health (family) cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
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