Treasury & Disbursement Specialist (1 Year Contract)

Posted 5 Days Ago
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Singapore, SGP
In-Office
Mid level
Financial Services
The Role
Manage end-to-end disbursement operations including insurance payouts, commissions, and bank transfers; perform balance sheet reconciliations and month-end close tasks; troubleshoot finance systems; drive process improvements; prepare audit documentation and support finance projects.
Summary Generated by Built In

Prudential’s 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 people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The Finance Operations Executive is a key member of the Treasury & Disbursement team, responsible for end‑to‑end disbursement operations, month‑end close, and balance sheet reconciliations. The role covers daily processing of insurance payouts, commissions, expenses, and investment bank transfers, alongside reconciliation and continuous process improvement initiatives.
This position ensures the accuracy, timeliness, and integrity of financial operations in compliance with statutory, regulatory, and internal control requirements. Managing high transaction volumes under tight timelines, the Executive partners closely with internal stakeholders to resolve issues, strengthen controls, and support system and process enhancements. Reporting to the Lead, Finance Operations, the role plays an important part in maintaining operational excellence within a fast‑paced environment.

Key Responsibilities

  • Execute daily payment processing for insurance payouts, vendors, staff reimbursements, commissions, incentives, and investment bank transfers, ensuring accuracy, timeliness, and compliance with policies and controls.

  • Response to Life Operations queries on payment status and accounting code for insurance/expense processing

  • Perform assigned balance sheet reconciliations, including bank reconciliations, inter‑fund, inter‑company, and other supporting schedules.

  • Support month‑end closing activities, including accruals, provisions (e.g. premiums, claims, NBP), fixed asset accounting, and expense allocations.

  • Act as a system user and first‑level troubleshooter for finance systems and tools (e.g. Life Asia, Oracle, Anaplan, Alteryx), including issue identification, escalation, and resolution of internal user enquiries related to systems or reports.

  • Drive ongoing process improvement initiatives to enhance efficiency, strengthen controls, and streamline end‑to‑end workflows.

  • Prepare ad‑hoc schedules, provide audit documentation, and perform financial analysis to support internal and external audit requirements.

  • Support finance projects, system enhancements, and other assignments as directed by management.

Who We Are Looking For

  • Experience in the insurance industry with a solid understanding of insurance accounting, Accounts Payable, and Accounts Receivable.

  • Proven experience in payment processing, balance sheet reconciliations, and month‑end closing within a high‑volume, operational finance environment.

  • Strong analytical and problem‑solving skills, with a keen eye for detail and a continuous improvement mindset.

  • Highly motivated, delivery‑focused, and able to work independently while meeting tight deadlines.

  • Proficiency in financial systems; experience with Oracle Fusion is preferred.

  • Ability to perform effectively in a fast‑paced environment and manage competing priorities under pressure.

  • Strong interpersonal and communication skills, enabling effective collaboration across functions.

  • Self‑driven, detail‑oriented, and committed to delivering accurate, high‑quality financial outcomes.

 

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.

Skills Required

  • Experience in the insurance industry with understanding of insurance accounting, AP and AR
  • Proven experience in payment processing, balance sheet reconciliations, and month-end closing
  • Perform bank, inter-fund, inter-company reconciliations and supporting schedules
  • Support month-end closing activities including accruals, provisions, fixed asset accounting, and expense allocations
  • Proficiency in financial systems and tools (system user and first-level troubleshooter)
  • Experience with Oracle Fusion
  • Experience using Life Asia, Anaplan, or Alteryx (or similar finance tools)
  • Strong analytical and problem-solving skills with attention to detail
  • Ability to manage high transaction volumes and meet tight deadlines independently
  • Strong interpersonal and communication skills to collaborate across functions
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The Company
HQ: London
52,292 Employees

What We Do

In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation

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