Should You Offshore Your Banking, Financial Services, and Insurance? Offshore BFSI Benefits, Examples, and More
In Australia’s evolving BFSI landscape, leaders face skills shortages, rising costs and tighter governance—while customers still expect faster responses and clearer communication. Offshoring to the Philippines is no longer just a cost lever; with the right partner, it improves quality, resilience and speed of delivery.
The Philippines offers an experienced, English‑proficient finance and BFSI workforce attuned to Western service standards. With KMC, you gain a seamless extension of your Australian operation—faster hiring, structured processes and APP‑aware data handling—without losing control.
What Does it Mean to Offshore BFSI?
Offshoring in BFSI means shifting defined tasks—like data processing, customer support, fraud monitoring and compliance admin—to skilled teams in the Philippines who work to your policies and KPIs.
Think of it as building a managed capability that mirrors your service ethos, improves throughput and unlocks scale, while your AU team focuses on higher‑value work.
Why should you offshore your BFSI & Accounting (Banking, Financial Services & Insurance) & Accounting
There are clear reasons to offshore finance and BFSI functions—provided you have a trusted partner to find the right people, ensure compliance and manage day‑to‑day operations.
Some of the main benefits include reduced costs, access to global talent, the ability to focus on core competencies, improved client experience and risk mitigation.
Reduce Costs
Offshore specialists can deliver the same outcomes at materially lower total cost—freeing budget for growth and transformation.
Access to Global Talent
Instead of long searches in a tight AU market, offshoring opens access to deep PH talent pools. KMC shortlists role‑ready candidates fast.
Focus on Core Competencies
Move repeatable finance and service workloads offshore so your AU team can concentrate on advisory, strategy and customer outcomes.
Enhanced Client Experience
Specialised teams and clear playbooks improve response times and consistency—lifting NPS and first‑contact resolution.
Risk Mitigation
An EOR like KMC manages employment risk in the Philippines and enforces robust security and compliance controls for your operation.
Book a free consultation with KMC to start saving money, enhancing your business, and mitigating risk with full‑service EOR and financial offshoring solutions.
Examples of BFSI & Accounting Jobs You Can Offshore
There are various banking, financial services and accounting jobs your business can offshore to optimise costs and lift in‑house efficiency.
Accounts Payable
Keep ledgers accurate and timely with invoice intake, 3‑way match, supplier queries and payment runs under clear SLAs.
Mortgage Processing
Streamline documentation and verification for smoother processing and better customer communication.
Accounts Receivable
Improve cash flow with disciplined billing, cash application and collections support.
Bookkeeping and Financial Reporting
Maintain clean books and compliant reports—reducing cycle time and audit stress.
Financial Data Analytics & Reporting
Deliver timely dashboards and analysis to inform decisions, while maintaining control and data hygiene.
List of BFSI & Accounting Roles We Hire for Your Company
KMC recruits across Banking, Financial Services, Insurance and Finance functions, including:
- Accounts Payable Specialist
- Junior Accountant
- Bookkeeping Specialist
- AP & AR Analyst
- Tax Senior
- Audit Senior
- Senior Accountant
- GL Accountant
- Retention Agent
- Bookkeeper
- Billing Analyst and many more
Whether or not the exact position you need is listed, we can source professionals matched to your requirements and tools.
Why Choose KMC Teams?
KMC supports thousands of skilled professionals for hundreds of clients. Our structured recruitment, human‑centric retention, and integrated EOR model (HR, payroll, compliance, offices and optional CASA housing) help you hire faster and operate with confidence—backed by strong security practices and an industry‑leading retention benchmark.
Click to book a free consultation to tell us about your specific objectives today!
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KMC is ISO‑certified and one of the Philippines’ largest end‑to‑end EOR providers. We deliver customer‑centric solutions and long‑term partnership. Contact our experts today—we’re ready to help power your company’s growth.