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Associate - Payment at Great Eastern Life Assurance Co Ltd
, , -
Full Time

Start Date

Immediate

Expiry Date

11 Jan, 26

Salary

0.0

Posted On

13 Oct, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Payment Processing, Financial Operations, Financial Regulations, Compliance Standards, Organizational Skills, Attention To Detail, Analytical Skills, Problem-Solving, Communication Skills, Interpersonal Skills

Industry

Insurance

Description
Responsible for collecting and processing all premiums to ensure accurate and timely updates, enabling GELB to achieve its financial targets. Accurately collect and process incoming insurance premiums payments in a timely manner Manage and reconcile counter payment collections, ensuring accurate updates in the FPMS to minimize errors. Perform regular balance checks for counter collections and cash boxes to maintain financial integrity. Log the serial numbers of all security-sealed bags prior to handling them over to the designated deposit service, ensuring proper tracking. Prepare and submit e-templates and cheque copies for cash and cheque amounts exceeding $15,000 to the Compliance department for AML purposes. Compile and consolidate the Daily Cash Collection Sheet, recording new business and top-up payments for ILP as well as Group Insurance renewals. Coordinate with Distribution Representatives on lapsed and reinstatement payments, ensuring timely follow-up on outstanding issues. Assist the Operations Head in developing and reviewing internal processes, providing relief support and undertaking additional projects as assigned. Diploma or high educational qualification or related experience Experience in payment processing, financial operations, or related roles is preferred. Understanding of financial regulations and compliance standards. Strong organizational skills and attention to detail. Excellent analytical and problem-solving abilities Good communication and interpersonal skills

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Responsibilities
The Associate - Payment is responsible for collecting and processing all premiums to ensure accurate and timely updates. This role involves managing payment collections, performing balance checks, and coordinating with representatives on payment issues.