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- Tasks: Join our Disbursement team to manage and process various payout streams efficiently.
- Company: Dynamic finance department focused on innovation and teamwork.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- 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.
- Other info: Opportunity for growth and involvement in exciting projects.
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:
- 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.
- Prepare payout/journal vouchers and ensure expenses are charged to proper account codes and cost centres.
- Prepare monthly GL schedules and reconciliations, follow up and update tax invoices/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.
- 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 renewable contract) employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Contract Executive (Disbursement) (1 year renewable 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 love seeing candidates who can bring something extra to the table.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for proactive candidates who are eager to join our team.
We think you need these skills to ace Contract Executive (Disbursement) (1 year renewable 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: Use your cover letter to tell us why you're the perfect fit for the Contract Executive role. Share specific examples of your past experiences that relate to the key responsibilities outlined in the job description.
Show Off Your Skills: If you've got experience with Ms Excel, PowerBI, or SAP, make sure to mention it! We love seeing candidates who can bring technical skills to the table, so don’t hold back on showcasing your abilities.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details 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 in MS Excel is a requirement, practice using Excel for data analysis and reporting. Be prepared to discuss how you've used Excel in past roles, especially for tasks like reconciliation or preparing journal vouchers.
✨Show Off Your Communication Skills
As you'll be liaising with various stakeholders, it's crucial to demonstrate your interpersonal and communication skills. Think of examples where you've effectively handled inquiries or feedback, and be ready to share them during the interview.
✨Be Proactive and Organised
Highlight your ability to multi-task and stay organised, especially when handling massive data. Prepare examples of how you've managed multiple projects or tasks simultaneously, and how your attention to detail has helped you succeed in previous roles.