Finance Operations Specialist at Allianz Global Corporate & Specialty SE

Hong Kong Island, Hong Kong, China -

Full Time

Start Date

Immediate

Expiry Date

03 Jan, 26

Salary

0.0

Posted On

05 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Thinking, Communication Skills, Presentation Skills, Problem Solving, Project Management, Credit Control, Data Analysis, Cashflow Management, Reconciliation, Treasury Support, Customer Service, Collaboration, Financial Statements, Regulatory Knowledge, Excel, PowerPoint

Industry

Financial Services

Description

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 differences Ensure 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. Processing Coordination, 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 Support Bank 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 Assurance Archive 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 Service Maintain 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 assigned Engage in tasks and projects that leverage on existing skills set or offer personal development opportunities. Key Experience / Requirements / Skills: Required Experience 3-5 years’ Professional 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 Education Tertiary qualification in Business Administration, Economics, Finance, Accounting, or comparable degree preferred or qualified by experience in related discipline. Technical Skills Advanced 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. A basic understanding of artificial intelligence (AI) and its potential applications in business is essential. General Skills Analytical 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. Languages English Proficiency in other Asian languages is advantageous. 78971 | Finance & Accounting | Professional | Allianz Commercial | Full-Time | Permanent What’s in it for you? Let’s care about everything that makes you, you We 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 wellbeing We 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 progress From career development and digital learning programs 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 turns From 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 planet With 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 Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial 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 culture. People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly #LI-Onsite #LI-LP1

Responsibilities

The Finance Operations Specialist is responsible for the timely settlement of receivables and payables, including processing related booking entries and reconciliation. This role also involves coordinating with various stakeholders to resolve account differences and ensuring compliance with financial policies.