Finance Compensation Operations and Accounting

Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.

Job Description:

Responsible for processing administration and settlement of Distribution Compensation

• Scheduled payment processing including processing of payment/deduction adjustment.
• Provide business operations support relating to distribution compensation.
• Support queries/requests relating income and earnings statement.
• Support in IRAS filling and dissemination of Financial Advisors income statement.
• Support credit control for outstanding debts relating to compensation.

Responsible for Account Receivable in billing and collection

• Account Receivable processing for 3rd party product manufacturer.
• Reconciliation of collections.

Responsible for Account Payable for management expense processing

• Process settlement of approved invoices to vendors
• Accounting for the management expense
• Account Payable Reconciliation

Responsible for General Ledger and Closing

• Daily/Monthly file interface to accounting system.
• Month/Year end closing.
• Accrual and provision management
• Support preparation of all monthly schedules as follows but are not limited to:
  • Balance sheet reconciliation
  • Bank Reconciliation
  • Any other ad-hoc schedule or Analysis

Others

• Support auditing process.
• Support risk register monitoring.
• Serve as subject matter expert in the area under the job description.
• Initiate and support enhancement request.
• Participate/support strategic change in relevant area.
• Participate in BCP and ITDR exercise.
• Any other assignment as and when required.

Qualifications:

• Degree in Accountancy with at least 2 years in Finance Operations
• Diploma in Accountancy with at least 3 years in Finance Operations

Others:

• Meticulous attention to details
• Technically savvy
• Courageous in learning and exploring
• Good team player
• Highly adaptable
• Good Communication skill

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.