Cashiering Staff | Urgent!

Philippine British Assurance Company Inc. is a privately owned and duly authorized non-life insurance company serving the Filipino community since 1960. We aspire to be the most trusted non-life insurer in the country, a partner that our customers can fully depend on.

Our pioneering partnership with British firms Ker and Co., Sun Insurance, Phoenix Insurance and Union Insurance Society of Canton, has paved the way for Philippine British to achieve its important milestones throughout the years and be recognized from being an emerging insurer to becoming one of the most trusted and dependable insurers in the country.

The company currently offers the widest array of non-life insurance products across its many branches around the Philippines. As part of the ongoing evolution of our brand, we are exploring new paths: offering better products and faster services to the insuring public. We are driven to continuously improve and provide genuine customer service that is of the highest standards – an experience that is FRICTIONLESS, TRANSPARENT, and RESPONSIVE.

We in Philippine British Assurance aim to earn your trust and deliver on our promise. As we embrace the changes in today’s environment, Philippine British will be there… by your side.

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The Cashiering Staff is responsible for the accurate and timely receipt, recording, safeguarding, and reporting of all collections related to insurance premiums, fees, and other company income. The role ensures compliance with company policies, internal controls, and applicable Philippine laws and regulations.

JOB RESPONSIBILITIES:

Collection and Receipting

• Receive insurance premium payments (cash, checks, online transfers, debit/credit cards, and other approved payment methods).
• Issue Official Receipts (ORs) in accordance with BIR regulations and company policies.
• Verify completeness and accuracy of payment details (policy number, client name, amount, mode of payment).
• Ensure proper validation and safekeeping of checks and other negotiable instruments.

Recording and Documentation

• Accurately record all collections in the cashiering system and/or accounting software.
• Prepare daily cash collection summaries and supporting documents.
• Ensure proper documentation and filing of ORs, deposit slips, checks, and other transaction records.
• Coordinate with underwriting, policy administration, and accounting teams for proper posting of payments.

Cash Handling and Custodianship

• Maintain custody and control of cash and other collections during assigned shifts.
• Perform daily cash count and reconciliation against system records.
• Safeguard cash, checks, and accountable forms at all times.
• Immediately report any discrepancies, shortages, or overages to the supervisor.

Deposits and Bank Coordination

• Prepare daily bank deposits and ensure timely remittance of collections.
• Coordinate with authorized personnel for bank deposits and proof of deposit submission.
• Monitor returned or bounced checks and coordinate with concerned units for follow-up.

Compliance and Internal Controls

• Comply with Insurance Commission (IC) regulations, Anti-Money Laundering Act (AMLA) requirements, and internal company policies.
• Assist in identifying and reporting suspicious or unusual transactions.
• Ensure segregation of duties and adherence to internal control procedures.
• Support internal and external audits by providing required documents and explanations.

Customer Service

• Assist clients, agents, and brokers with payment-related inquiries.
• Provide accurate information on payment options, official receipts, and billing concerns.
• Maintain professional and courteous interaction with all stakeholders.

Reporting

• Prepare daily, weekly, and monthly cashiering reports as required.
• Submit reconciliation reports to Accounting/Finance for posting and verification.
• Assist in month-end and year-end closing activities related to collections.

Other Responsibilities

• Perform other finance- or cashiering-related tasks as may be assigned by management.
• Participate in process improvement initiatives related to collections and cashiering.
• Maintain confidentiality of client and company financial information.

QUALIFICATIONS & SKILLS:

Education

• Bachelor’s degree in Accounting, Finance, Business Administration, or related course (preferred).
• At least college level with relevant experience may be considered.

Experience

• At least 1 year of cashiering or collections experience, preferably in an insurance or financial services company.

Skills and Competencies

• Strong numerical accuracy and attention to detail
• Basic knowledge of accounting and cashiering procedures
• Familiarity with BIR OR issuance and basic regulatory compliance
• Customer-service oriented
• Honest, reliable, and trustworthy
• Proficient in MS Excel and basic accounting systems

Job Types: Full-time, Fixed term
Contract length: 5 months

Benefits:

• Additional leave
• Company Christmas gift
• Company events
• Health insurance
• Life insurance
• Opportunities for promotion
• Pay raise
• Promotion to permanent employee

Ability to commute/relocate:

• Makati: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Can you work under pressure?

Education:

• Bachelor's (Preferred)

Work Location: In person