Executive, Finance (Management Expenses) Executive, Finance (Management Expenses) …

NTUC Income Insurance Co-operative Ltd
in Singapore
Permanent, Full time
Last application, 21 Sep 20
Competitive
NTUC Income Insurance Co-operative Ltd
in Singapore
Permanent, Full time
Last application, 21 Sep 20
Competitive
NTUC Income Insurance Co-operative Ltd
Executive, Finance (Management Expenses)
You will be joining the Finance - management expenses team, who is responsible for processing invoices and initiating accrual activities, ensuring expenses are approved in accordance with authorization limits and charging of expenses complies with relevant regulations.

Specific Responsibilities
  • Process high volume of invoices/payment requests through file upload process on a daily basis
  • Understanding of expense charging framework to Perform checks to ensure the following:
    • correct charging to expense code and cost centre codes by departments
    • correct tax code is updated (for GST reporting purpose)
    • adherence to INCOME TAX ACT- withholding tax
    • proper approval according to Delegated Authority Limits
    • adherence to Procurement Policy
    • invoice details are correctly captured
    • charging to accruals instead of expense if the expenditure has already been accrued
  • Run batch payments once a week and ensure any related payment return files and payment status is updated correctly
  • Handle/support payment related queries from departments
  • Handling of payments via Direct debit authorization (DDA)
  • Handle utilities, telephone related, cleaning expenses and rental for DDA payment inclusive of giro application and ensure perform the same expense charging checks as above
  • Assist in accrual exercise (review of supporting documentations and preparing posting file)
  • Support Finance process improvement projects
  • Any other projects or tasks as assigned


Qualifications
  • Degree or Diploma in Accountancy
  • 2-3 years of relevant experience in Financial institution
  • Experience in processing high volume of invoices
  • Able to generate reports using Excel Pivot Tables
  • Independent, self-motivated and meticulous with a keen eye for detail


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