Collections Analyst - Urgent Hire

We are on the lookout for a remarkable Collections Analyst to join our high calibre team at Berkshire Hathaway Specialty Insurance in Kuala Lumpur Federal Territory of Kuala Lumpur
Growing your career as a Full Time Collections Analyst is an amazing opportunity to develop exceptional skills.
If you are strong in planning, problem-solving and have the right drive for the job, then apply for the position of Collections Analyst at Berkshire Hathaway Specialty Insurance today!

Job Opportunity:

 

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a credit control specialist to join our Asia Middle East (AME) Operations team. Based in our Kuala Lumpur office, the Collections Analyst will support the collections and outstanding premium receivables processes for the AME region. This involves the reconciliation and handling disputes of insurance premium collections.

Reporting to the Credit Control Manager based in Singapore, the Collections Analyst will work closely with our offshore partner, underwriting teams, and strategic business partners in managing collections and receivables.

ESSENTIAL JOB RESPONSIBILITIES:

Understand and identify the practices of credit control in detail, by product, country, and distribution channel.

Routinely interface with offshore teams on day-to-day receivable issues including overdue accounts and continually providing guidance on billing and collection matters

Understand regulatory-based needs which may impact on the process in a market and/or product

Prioritize needs of the region to improve collections and data integrity for better regulatory, financial and ORSA reporting

Review and distribute aging reports, analyzing results to ensure they are within acceptable thresholds, driving action to address any negative trends

Engage with Brokers, Cedants, Agents on statement of account reconciliations

Monitor debtor balances to pursue and collect receivables. Organize and prioritize collection of overdue balance, maintaining close relationships with finance partners.

Collaborate with Underwriters and Client & Broker Engagement team to liaise with brokers, cedants and insureds on outstanding collection issues

Reconcile, handle disputes of receipts, and follow up on unapplied cash (deposit suspense)

Ensure receivables are accurately analysed and elevate collection issues per internal guidelines

Assist with projects related activities e.g. system implementation, process improvements, reporting enhancements, etc.

Carry out any ad hoc duties and projects as assigned

REQUIREMENTS

Minimum of 3-5 years’ experience in Credit Control/Accounts Receivables/Collection function in an international insurance company

Experience working with regional and global teams

Experience and ability to work and collaborate in a diverse cultural environment

Experience working with Outsourced service providers

Hands-on, proactive approach with a clear understanding of the downstream impacts of Credit Control on Financial Reporting

Works well both in a team and independently to accomplish objectives

Strong analytical skills and attention to detail to reconcile complex accounts and resolve issues

Excellent numerical skills with high level of proficiency in MS Excel

Excellent communication and organizational skills

BA/BS degree in relevant disciplines

BHSI Offers:

A competitive package and exciting growth opportunities for career-oriented teammates

A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders

A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework

Benefits of working as a Collections Analyst in Kuala Lumpur Federal Territory of Kuala Lumpur:

● Company offers great benefits
● Opportunities to grow
● Advantageous package