Finance Officer

Finance Officer

About the Role

We are seeking a detail-oriented and proactive Finance officer to join our finance team. This role is responsible for managing a broad range of accounting activities, including Accounts Payable, Accounts Receivable, Taxation, Treasury, and financial reconciliations. The successful candidate will play a key role in maintaining financial accuracy, supporting business operations, and driving timely collection and settlement processes.

Key Responsibilities

• Accounts Payable (AP)

• Review vendor payments and employee reimbursement claims to ensure complete and valid supporting documentation, including tax invoices.

• Verify approvals from local management before processing payments.

• Prepare accounting entries, expense coding, and withholding tax calculations.

• Record and maintain accurate journal entries in accordance with company policies and accounting standards.

• Accounts Receivable & Settlement (A&S)

• Review trade Accounts Receivable (AR) allocations and related journal entries.

• Validate withholding tax calculations and accounting treatments.

• Review carrier settlements prior to approval, ensuring accurate application of VAT regulations and tax requirements.

• Prepare commission and brokerage reclassifications, considering withholding tax, foreign exchange impacts, and non-fiduciary account transfers.

• Conduct monthly reconciliation of trade Accounts Payable balances against carrier Statements of Account.

• Support brokers by providing premium settlement information and financial details upon request.

• Taxation

• Collect and maintain withholding tax documentation from clients and carriers.

• Prepare tax settlement schedules based on reviewed and validated information.

• Generate and issue tax invoices in compliance with local tax regulations.

• Support tax compliance activities and liaise with external tax consultants when required.

• Collection & Credit Control

• Distribute AR aging reports to business stakeholders and monitor collection progress.

• Follow up on overdue client balances, prioritizing material outstanding accounts.

• Escalate long-outstanding receivables to brokers and relevant stakeholders for further action.

• Perform and monitor intercompany collection activities to ensure timely settlement.

• Treasury

• Prepare monthly bank reconciliations and investigate outstanding items.

• Support the issuance of bank references and assist with bank guarantee documentation for tender submissions.

• Coordinate with banking partners and internal stakeholders on treasury-related matters.

Qualifications

• Qualifications & Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.

• 3-6 years of experience in accounting, finance operations, taxation, or treasury functions.

• Experience within insurance, broking, financial services, or professional services industries will be an advantage.

• Strong knowledge of Accounts Payable, Accounts Receivable, tax compliance, reconciliations, and treasury processes.

• Familiarity with VAT, withholding tax (WHT), and financial reporting requirements.

• Experience handling multi-currency transactions and reconciliations.

• WTW is an equal opportunity employer.