PURPOSE OF THE ROLE
The role holder will assist the Head of Finance Operations on the accounts payable functions across the company’s diverse businesses
To prepare reconciliations, and schedules to support the general ledger in accordance with operation manuals.
To document key processes and controls within the Finance
An effective financial control framework for the accounts payable functions.
KEY PERFORMANCE INDICATORS
Proper documentation of work processes relating to payments.
Timely and accurate payouts to vendors.
Process commission payment to wealth planners.
Verify and update all the AP invoices & payments into accounting System.
Prepare buyer created invoices to GST registered agents.
Prepare staff reimbursement.
Maintenance various monthly schedules for AP to support GL function.
Update Bank book and prepare bank reconciliation.
SYSTEMS AND CONTROLS
Knowledge of Sage-ACCPAC & Excel
To document work process related to commissions and implement necessary enhancements to strengthen financial control and improve efficiency
Direct reports: 1
Team size – 3
RELATIONSHIPS (INTERNAL & EXTERNAL)
Key relationships other than those within reporting lines
Other depts within AFA Office
Banks and External vendors
QUALIFICATIONS(This should include any mandatory MAS qualifications.)
Diploma/Degree in Accountancy
Strong business analytical skills and excellent problem solving skills
Strong process improvement knowledge and exposure to shared services
In-depth knowledge of internal control principles and practices
Highly motivated with ability to work independently and sometimes in a non-structured environment
Ability to come up with “out of the box” solutions that can be presented in a structured and precise manner
Attention to details
Excellent communication skills, both written and verbal
Good understanding of insurance products and the impact on finance related functions
Good working knowledge of AS400, and Coda Financials
Working knowledge of regulatory