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Account Payable Accountant/ Executive - Job Opportunity at Crédito y Caución Atradius

Singapore, Singapore
Full-time
Mid-level
Posted: August 25, 2025
Hybrid
SGD 45,000 - 65,000 per year based on Singapore market rates for mid-level accounts payable roles in financial services with 2+ years experience, with potential for higher compensation given the specialized insurance industry focus

Benefits

Flexible hybrid working model supporting enhanced work-life balance and productivity optimization
Comprehensive professional development programs with continuous learning opportunities and career advancement support
Competitive compensation package including pension benefits and flexible rewards system
International exposure within a dynamic global organization spanning 52 countries
Individual training and development programs tailored to personal career growth

Key Responsibilities

Lead critical insurance claims payment processing ensuring regulatory compliance and meeting strict 2-day SLA requirements that directly impact customer satisfaction and company reputation
Manage comprehensive vendor relationships and payment systems while maintaining accurate master vendor files across multiple platforms to ensure operational efficiency
Execute broker commission payment strategies ensuring contractual compliance and coordination with internal teams to maintain strong partnership relationships
Oversee complex reinsurance settlement operations including premium and claims recovery reconciliation supporting quarterly and annual regulatory reporting requirements
Process employee reimbursement systems ensuring audit compliance and timely payment processing to maintain workforce satisfaction
Prepare and submit quarterly GST filings in compliance with Singapore regulations while supporting comprehensive audit processes with internal and external stakeholders
Ensure accurate general ledger coding across all payment types while supporting critical month-end and year-end closing activities that impact financial reporting accuracy

Requirements

Education

Diploma or Degree in Accounting, Finance, or related field

Experience

Minimum 2 years of relevant experience in accounts payable

Required Skills

Strong attention to detail organizational skills proactive approach to problem-solving Proficiency in Microsoft Excel accounting systems (Oracle) would be an advantage Experience in the insurance industry is an advantage
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Sauge AI Market Intelligence

Industry Trends

The credit insurance industry is experiencing significant digital transformation with increased automation of claims processing and payment systems, driving demand for accountants who can adapt to evolving technological platforms while maintaining regulatory compliance Singapore's position as a regional financial hub is creating increased demand for accounts payable professionals with insurance industry experience, particularly in trade credit insurance which is seeing growth due to increased international trade risks Regulatory compliance requirements in Singapore's financial services sector are becoming more stringent, creating higher demand for accounting professionals who can manage GST reporting and audit processes effectively

Role Significance

Typically part of a 5-8 person finance team in a regional office setting, with direct collaboration across multiple departments including underwriting, claims, and broker relations
Mid-level position with significant operational responsibility and direct impact on company financial operations, requiring independent decision-making on payment processing and vendor management while reporting to senior finance management

Key Projects

Implementation of automated payment processing systems for insurance claims Quarterly GST compliance and reporting initiatives Annual audit preparation and support activities Vendor management system optimization and process improvement projects

Success Factors

Deep understanding of insurance industry payment flows and regulatory requirements, particularly in trade credit insurance which involves complex reinsurance settlements and broker commission structures Strong analytical skills combined with attention to detail to manage multiple payment types while ensuring accuracy in GL coding and compliance with internal controls Excellent time management and prioritization abilities to meet strict SLA requirements for claims payments while balancing multiple responsibilities across vendor management and regulatory reporting Proactive communication skills to coordinate effectively with brokers, vendors, and internal teams while resolving discrepancies and maintaining strong business relationships

Market Demand

High demand due to Singapore's role as regional financial center and the specialized nature of insurance accounting, particularly trade credit insurance which requires specific industry knowledge

Important Skills

Critical Skills

Attention to detail is absolutely critical as errors in insurance claims payments or GL coding can result in regulatory violations, customer dissatisfaction, and significant financial impact to the organization Proficiency in accounting systems, particularly Oracle, is essential for managing the high volume of transactions and ensuring accurate financial reporting in a complex insurance environment Understanding of regulatory compliance, particularly GST reporting and audit processes, is crucial for maintaining the company's good standing with Singapore financial authorities

Beneficial Skills

Insurance industry experience provides significant advantage in understanding the complex payment flows, reinsurance structures, and regulatory requirements unique to the trade credit insurance business Advanced Excel skills enable more efficient data analysis and reporting, particularly valuable for managing large volumes of vendor invoices and commission calculations Problem-solving abilities are increasingly important as the role involves resolving discrepancies across multiple payment types and coordinating with various internal and external stakeholders

Unique Aspects

Specialized exposure to trade credit insurance industry which provides unique skills in managing complex international payment flows and reinsurance settlements that are highly transferable within the global insurance market
Direct involvement in critical business operations with 2-day SLA requirements for claims payments, providing excellent experience in high-pressure financial operations management
Comprehensive exposure to Singapore's regulatory environment including GST compliance and audit processes, valuable for careers in Southeast Asian financial services
International exposure through coordination with global offices and reinsurance partners, providing valuable cross-cultural business experience

Career Growth

Typical progression to senior roles within 2-3 years with strong performance, potential for management roles within 4-5 years given the specialized insurance industry knowledge

Potential Next Roles

Senior Accounts Payable Specialist Finance Business Partner Assistant Finance Manager Treasury Analyst

Company Overview

Crédito y Caución Atradius

Atradius is a global leader in trade credit insurance with operations in over 50 countries and 160 offices worldwide, providing critical risk management services to businesses engaged in international trade through credit insurance, surety bonds, and collections services

Market leader in the credit insurance industry globally, part of Grupo Catalana Occidente which is one of Spain's largest insurers and among the world's largest credit insurers, providing significant stability and career development opportunities
Singapore serves as a key regional hub for Atradius's Asia-Pacific operations, managing trade credit insurance for the rapidly growing Southeast Asian market with significant exposure to international trade and cross-border transactions
International corporate environment emphasizing teamwork, accountability, and continuous improvement with strong focus on professional development and growth mindset, typical of established European financial services companies with global operations
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