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We are seeking a detail-oriented and analytical Account Payable Associate to join our team. This role involves managing end-to-end procurement and payment processes, ensuring accurate and timely processing of transactions, and supporting compliance within the regulatory frameworks specific to the insurance sector. The ideal analys will have experience in procurement, accounts payable, and vendor management, with additional understanding of the financial operations unique to the insurance industry.
Key Responsibilities:
Invoice Processing: Review, validate, and process supplier invoices, ensuring accuracy and adherence to company policies.
Purchase Order Management: Monitor purchase orders (POs), match invoices to POs, and address any discrepancies to ensure efficient payment cycles.
Supplier Communication: Act as a liaison with suppliers for inquiries, resolving issues related to invoicing, payments, and account discrepancies.
Data Management: Maintain accurate records of transactions, reconcile PTP data, and support monthly closing processes.
Compliance: Ensure all procurement and payment activities comply with organizational policies, regulatory requirements, and audit standards.
Process Improvement: Identify and recommend enhancements to the PTP process to improve efficiency, accuracy, and cost-effectiveness.
Reporting: Generate regular reports on PTP metrics, outstanding invoices, and supplier performance for management review.
Qualifications:
Communication Skills in English languages: Excellent communication and interpersonal skills for effective collaboration with vendors, internal stakeholders, and cross-functional teams.
Experience: 1+ years of experience in a PTP or similar role within finance or accounting; experience in the insurance industry is highly preferred. Fresh graduate is welcome to apply.
Technical Skills: Proficiency in ERP systems (e.g., SAP, Oracle, QuickBooks) and MS Excel; knowledge of PTP processes and systems automation is a plus.
Regulatory Knowledge: Familiarity with insurance regulatory requirements, data privacy, and compliance standards as they pertain to procurement and financial processes.
Education: Bachelor’s degree in Finance, Accounting, Business, or a related field is required.
Analytical Skills: Strong attention to detail and analytical skills to identify discrepancies, reconcile accounts, and support financial reporting.
