Job Description
About Us
For the past 76 years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the 1950s where we engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker’s Compensation, Personal Accident and other Miscellaneous Accident.
We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of ‘A+ (Superior)’ with ‘Stable’ outlook has been reaffirmed by AM Best, given our consistently impressive financial performance. We are also recently awarded Top 300 Employer by the Singapore Opportunity Index for our effort in creating meaningful career pathways, fostering inclusive growth, and investing in our employees’ potential.
This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore’s bustling financial services sector. As a wholly owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector. As a member of our young talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.
Responsibilities
- Prepare, update, and reconcile Operational and Internal Control reports
- Coordinate with Brokers/Reinsurers and internal teams (Underwriting, Claims, Finance) to resolve queries affecting unallocated receipts, reconciliation (open items), and monthly HOD follow-ups
- Investigate foreign currency payment and receipt activities to detect, investigate, and address any exchange rate differences
- Compile and maintain monthly HOD reports, capturing key operational metrics and reconciliation status
- Assist credit controllers to ensure accuracy, timeliness, and compliance
- Support automation initiatives by testing and implementing process improvements to enhance collection efficiency and reporting effectiveness
- Provide day-to-day operational and administrative assistance to the credit control team
- Identify opportunities to improve credit control processes and collection efficiency
- Support audits and provide required documentation when requested
Requirements
- Diploma or Degree in Finance, Accounting, Business Administration, or related field
- Minimum 2 years of experience in credit control, preferably in insurance sector
- Salary range stated in this posting is strictly a guide – compensation will be commensurate with the final candidate’s experience level
- Strong understanding of insurance operations, billing cycles, and regulatory requirements
- Good analytical and problem-solving skills
Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer <DPO@msfirstcapital.com.sg> for more information on the retention and disposal of your personal data.