Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.
First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
Key Responsibilities
• Ensure the accuracy, completeness and timeliness over all regulatory and statutory financial reporting for Singlife Holdings Pte Ltd and Singapore Life Ltd.
• Perform month end closing cycle duty which include checking of accounting data from source system before posting to accounting system, manual journal posting and producing accounting schedule for respective stakeholders.
• Assist the Vice President in establishing and maintaining the control and governance framework over all reporting cycles in adherence to both regulatory and statutory requirements.
• Monitor and effectively implement changes to accounting standards, MAS regulations and other statutory reporting requirements across the multiple jurisdictions in which the businesses operate.
• Perform monthly analysis of the financial numbers and ensures the accuracy and integrity of data used in all financial reporting.
• Maintain a well-structured and effective chart of accounts to suit both reporting and business needs.
• Assists the Vice President in maintaining the Group’s accounting policies and procedures.
• Identify and manage the operational risks and controls relevant to financial reporting. Maintain appropriate records and ensure that controls are sufficiently well designed and operating effectively to keep the risks that they mitigate within the Group’s tolerance level. The status of the relevant risks and controls are to be escalated as appropriate.
• Participate in ad-hoc projects as and when assigned.
Requirements
Experience
• 3-4 years of insurance-related experience in an audit or a financial reporting role
• Minimum 3 years in a “Big 4” accounting firm
• Strong business analytical skills and excellent problem solving skills
• In-depth knowledge of internal control principles and practices
• Highly motivated with ability to work independently and sometimes in a non-structured environment
• Ability to come up with “out of the box” solutions that can be presented in a structured and precise manner
• Attention to details
• Excellent communication skills, both written and verbal
• Good understanding of insurance products and the impact on finance related functions
Education
• Academic: Bachelor degree in Accountancy/Diploma in accountancy
• Professional Certification(s): Chartered or Qualified Accountant or affiliates
• Complete Fit & Proper assessments successfully on an annual basis at minimum, or when other adjunct appointments are made.
