Finance Officer
WTW · Jakarta
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.