Accounting Staff | Urgent!

Philippine British Assurance Company Inc. is a privately owned and duly authorized non-life insurance company serving the Filipino community since 1960. We aspire to be the most trusted non-life insurer in the country, a partner that our customers can fully depend on.

Our pioneering partnership with British firms Ker and Co., Sun Insurance, Phoenix Insurance and Union Insurance Society of Canton, has paved the way for Philippine British to achieve its important milestones throughout the years and be recognized from being an emerging insurer to becoming one of the most trusted and dependable insurers in the country.

The company currently offers the widest array of non-life insurance products across its many branches around the Philippines. As part of the ongoing evolution of our brand, we are exploring new paths: offering better products and faster services to the insuring public. We are driven to continuously improve and provide genuine customer service that is of the highest standards – an experience that is FRICTIONLESS, TRANSPARENT, and RESPONSIVE.

We in Philippine British Assurance aim to earn your trust and deliver on our promise. As we embrace the changes in today’s environment, Philippine British will be there… by your side.

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An Accounting Staff professional in insurance is responsible for maintaining accurate financial records related to policyholder transactions and company operations. You act as the bridge between the "front-end" insurance sales (premiums) and the "back-end" financial health of the company (solvency and claims).

JOB RESPONSIBILITIES:

• Premium Accounting: Tracking incoming payments from policyholders and ensuring they match the policies issued.
• Claims Accounting: Processing payments to claimants and ensuring proper reserves are set aside for "Incurred But Not Reported" (IBNR) claims.
• Commission Processing: Calculating and distributing commissions to insurance agents and brokers.
• Reinsurance Accounting: Managing the flow of funds between your company and "reinsurers" (companies that insure the insurers).
• Bank Reconciliation: Matching internal records with bank statements to ensure every cent is accounted for.
• Accounts Payable/Receivable: Managing vendor payments and general company bills.
• Financial Reporting: Assisting in the preparation of balance sheets and income statements.
• Audit Support: Preparing documentation for internal and external auditors, as insurance is a highly audited industry.

QUALIFICATIONS:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Proficiency in MS Excel (VLOOKUPs and Pivot Tables are a must)

Job Types: Full-time, Permanent

Benefits:

• Additional leave
• Company Christmas gift
• Company events
• Health insurance
• Life insurance
• Opportunities for promotion
• Paid training
• Pay raise
• Promotion to permanent employee

Ability to commute/relocate:

• Makati: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• Bachelor's (Preferred)

Experience:

• Claims Inspector Non-motor: 1 year (Preferred)

Work Location: In person