At a Glance
- Tasks: Join our Disbursement team to manage and process various payout streams efficiently.
- Company: Dynamic finance department focused on innovation and collaboration.
- Benefits: Gain valuable experience, competitive pay, and opportunities for professional growth.
- Other info: Fast-paced environment with opportunities for learning and development.
- Why this job: Make a real impact by ensuring accurate and timely payouts while enhancing your skills.
- Qualifications: Degree/Diploma with 1-3 years in payout processing; Excel skills required.
The predicted salary is between 30000 - 40000 € per year.
The Disbursement team within the Finance Department supports key reporting and operational functions of payout across different payout streams (Insurance policy related payout, vendor payout, commission payout and processing).
KEY RESPONSIBILITIES INCLUDE:
- Work closely with Disbursement officers/team lead and assist in preparation of full suites of payout processing across different streams.
- Process all types of commission/incentives related payouts, recoveries and processing.
- Ensure all payouts are approved within approval limits, processed accurately and in a timely manner.
- Ensure completeness of payout processing and obtain authorised signatories for payouts.
- Preparation of payout/journal vouchers and ensure expenses are charged to proper account codes and cost centres.
- Preparation of monthly GL schedule and reconciliation, follow up and update tax invoice/GST on commission reconciliation.
- Handle all types of payout enquiries and feedback from customers/channels/stakeholders.
- Perform work process reviews, findings and contribute recommendations for change.
- Involve in project/system testing and provide user requirements through liaising with various stakeholders.
- Assist in bank account creation.
- Update standard operations procedures.
- Provide effective backup coverage.
- Any other ad-hoc duties assigned.
REQUIREMENTS:
- Degree/Diploma holder preferably with minimum 1-3 years of relevant experience in payout processing knowledge.
- Good knowledge in MS Excel.
- Preferably knowledge in PowerBI, Power Query, coding skillset.
- Fast learner who is able to multi-task.
- Proactive, good interpersonal, communication and analytic skills.
- Highly organized, attention to detail and able to handle massive data.
- Pleasant, positive personality, enjoys collaborating with others.
- Knowledge of SAP accounting system will be an advantage.
Contract Executive, Disbursement (1 year contract) employer: INCOME INSURANCE LIMITED
Join our dynamic Disbursement team within the Finance Department, where we prioritise accuracy and efficiency in payout processing. As an employer, we offer a collaborative work culture that fosters professional growth through hands-on experience and training opportunities, all while being located in a vibrant area that encourages a healthy work-life balance. With a commitment to employee development and a supportive environment, we ensure that every team member feels valued and empowered to contribute meaningfully to our operations.
StudySmarter Expert Advice🤫
We think this is how you could land Contract Executive, Disbursement (1 year contract)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work with disbursement processes. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of payout processing and relevant software like Excel and SAP. We recommend practising common interview questions related to finance roles to boost your confidence.
✨Tip Number 3
Showcase your skills! If you have experience with PowerBI or coding, be sure to highlight these during interviews. We want to see how you can bring value to the disbursement team!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Contract Executive, Disbursement (1 year contract)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your relevant experience in payout processing and any specific skills mentioned in the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our Disbursement team. Keep it engaging and personal.
Show Off Your Excel Skills:Since good knowledge of MS Excel is a must, don’t forget to mention any specific projects or tasks where you’ve used Excel effectively. We love seeing real examples of your skills in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Payout Processes
Make sure you understand the different types of payouts mentioned in the job description, like insurance policy payouts and vendor payouts. Brush up on your knowledge of payout processing to show that you're ready to hit the ground running.
✨Excel Skills Are Key
Since good knowledge of MS Excel is a requirement, be prepared to discuss your experience with it. Maybe even practice some common functions or data analysis techniques beforehand, so you can confidently demonstrate your skills during the interview.
✨Show Off Your Team Spirit
This role involves working closely with others, so highlight your interpersonal skills. Share examples of how you've collaborated with teams in the past and how you handle feedback from stakeholders. A positive attitude goes a long way!
✨Be Ready for Problem-Solving
Expect questions about how you would handle payout enquiries or process reviews. Think of specific situations where you've identified issues and suggested improvements. This will showcase your analytical skills and proactive approach.
