Accounts Payable Supervisor– Policy-related Payables

Job Purpose:

The Accounts Payable Supervisor– Policy-related Payables ensures the timely and accurate processing of policy-related payments (both Insurance and Reinsurance). He/she is also tasked to ensure accuracy and timeliness of creating accounting journal entries (both system and manual) on a daily and month-end basis. He/she will also be tasked to address inquiries from Claims and Benefits Team and Reinsurance Underwriting with regards to policy-related payouts and reinsurance premium remittance. On top of this, she is also tasked to review AP transactions related to Employee related and Branch/HO Accounting. 

Critical Accountabilities:

1.Processing of Policy-related Payments

Check MyAXA Payout (MAP) for approved life policy-related payouts.Ensure non-occurrence of double/multiple policy-related payouts.Processing of policy-related payouts in MAP and in Oracle PeopleSoft.Coordination with Claims and Benefits Team on matters related to policy-related payouts.

2.Processing of Reinsurance Premium Remittances 

Check GenWeb for outstanding reinsurance premium remittances.Coordinate with Reinsurance Underwriting and Insurance Accounting on matters related to reinsurance premium remittances.Process remittance of reinsurance premiums and coordinate with Reinsurance Collections on the summary of reinsurance binders paid.

3.Preparation of Journal Vouchers

Coordination with Insurance Accounting, Claims and Benefits, Accounts Reconciliation and Reinsurance Underwriting Teams for items for creation of manual journal entries.Preparation of journal entries in Oracle PeopleSoft and GenWeb.

4.Review of AP Transactions

Review of RRFs for payoutReview and endorsement up to 30K Transactions of Claims, Premium refunds and excess paymentsReview and endorsement up to 30K transactions of Cash Advances, License Fees and Fund transfers

Key Decisions/Dimensions:

Sufficiency of information required for processing policy-related and reinsurance premium payments.Flexibility of payment methods to meet client and stakeholder expectations.

Qualifications:

Graduate of Bachelor’s Degree in AccountancyExperienced in the use of Microsoft office (Excel and Word)Able to analyze and interpret accounting data / schedulesAt least 2-years of experienceAttention to details and ability to meet deadlinesProactive and can work under minimum supervision, good analytical mindTeam player and can work under pressureGood verbal and written communication skills

AXA Philippines is a joint venture between the Paris-based AXA Group and Metrobank Group, one of the Philippines’ largest financial conglomerates. We are one of the largest and fastest growing insurance companies in the country, offering financial security to more than 1.5 million individuals.We offer a complete range of life insurance and general insurance products for all our customers’ insurance and protection needs. Life insurance products include solutions for savings and investments, income protection, and health coverage; general insurance products include protection for fire, car, personal accident, bonds, casualty, and engineering.We have more than 3,000 financial advisors in 32 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide.Our noble purpose is to empower people to live a better life by fueling their self-belief. We leverage on our global financial expertise, strengthened by our local partnership with Metrobank, to provide the right solutions to help our customers live the life they choose.