Associate, Finance (Payment)

About The Job

This role exists to ensure accurate and timely execution of payment-related processes, reconciliation, and compliance within the Finance division. It contributes to the organisation's operational efficiency and regulatory adherence by managing daily payment uploads, journal preparation, and governance activities.

• Upload IBG & DDA files into OCBC Velocity daily and ensure accuracy with system reports.
• Perform reconciliation and completeness checks on IBG unsuccessful reports vs. OCBC Velocity return reports.
• Escalate discrepancies or system issues promptly to relevant stakeholders.
• Prepare Velocity Approval Templates and upload return files into MIS folders daily.
• Authorise payment cancellations in AS400 system in compliance with SOP-FIN-PAY-007.
• Maintain and update SOPs related to cheque stock control and facsimile cheque signing machines.
• Ensure payment processes comply with internal controls and regulatory standards.
• Liaise with internal and external stakeholders to address inquiries and resolve operational issues to ensure data alignment and a smooth workflow.

We are looking for people who

• Possess a recognised Degree in Accounting or Finance.
• Have experience in Finance Operations, particularly in payment processing and reconciliation would be the plus point for this role.
• Possess strong attention to detail and accuracy in payment processing and data handling.
• Fast learner to adapt and understand regulatory compliance and internal control frameworks.
• Analytical & problem-solving skills which able to understand and analyse core issue and resolve issue.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.