Job Purpose
An opportunity to join the world’s largest privately owned insurance broker, in an environment which continually helps its people to grow and achieve their ultimate potential.
This role sits within the Singapore finance department which is responsible for regulatory, tax, financial and management reporting and which works closely with other finance teams in Asia including the regional finance team.
This role is to help the CFO ensure that all aspects of the Finance department are run in a professional and compliant manner and in line with Lockton’s code of conduct and terms of business.
The incumbent of this role will take responsibility for the external financial reporting (including to MAS and IRAS) and the internal management reporting (including partnering with the business leaders and ongoing performance monitoring).
Job Description
Regulatory & Tax reporting
- Ensure timely and comprehensive reporting to external stakeholders such as MAS and IRAS.
- Where needed, help the CFO liaise with external regulatory bodies.
- Ensure and manage an effective relationship with external stakeholders.
- Ensure financial compliance with laws, regulations, and accounting standards.
Financial reporting
- Coordinate the monthly, quarterly, and year-end financial close process.
- Coordinate the annual internal and external audit process and preparation of annual financial statements. Ensuring Singapore and group reporting deadlines are completed effectively and in a timely manner.
- Address audit findings and implement improvements to internal controls.
- Maintain accurate ledgers and ensure journals are raised in line with appropriate policies.
- Act as a point of contact for technical accounting matters. Assists and oversees the production of technical accounting papers for year-end audits.
- Work closely with the CFO to ensure development and continuous improvement of the financial control environment.
- Adopt a continuous improvement mentality regarding processes, reporting and controls.
- Collaborate with relevant stakeholders and coordinate finance transformation projects and other ad hoc projects.
Management reporting & business partnering
- Produce timely management information reporting to ensure a thorough understanding of the business performance. This includes the monthly and quarterly performance analysis of the company’s key metrics.
- Review the existing reporting tools and processes with a view to further developing insightful management reports on a regular basis.
- Coordinate an effective budgeting and forecasting process.
- Prepare insightful analyses on ad-hoc issues and assist with the preparation of wider business or strategy planning.
- Act as a business partner to the business departments by providing advice and solutions on Finance and Strategy related matters.
- Liaise with Regional and International Finance teams on matters of ongoing performance monitoring, Finance projects such as automation or other improvements, and wider strategy and business planning.
Treasury operations
- Ensure effective day to day treasury processes.
- Oversight and preparation over the cashflow forecast and implement the company’s Treasury strategy.
Team Leadership
- Lead and support the Finance team, providing guidance and mentorship as required.
- Foster a collaborative and high performance culture within the Finance team.
Requirements
- Minimum 8+ years of Finance experience in the financial services or service industry.
- Strong academic background, educated to degree level.
- Qualified accountant from a recognised accounting qualification
Competences
Industry know-how
- Knowledge of the insurance industry, its terminology, customs and practice are a plus.
- Furthermore, knowledge of Reinsurance Broking and its requirements is desirable.
Technical Skills
- Familiarity with IRAS Tax requirements, MAS regulations and other regulations is essential.
- A solid understanding of IFRS/SFRS.
- In-depth understanding of cash flow management, balance sheet reconciliation and book-keeping.
- Experience with E-Global Finance system is desirable.
- Proficiency in accounting software (i.e. Peoplesoft).
- Advanced knowledge of MS Excel and ability to quickly prepare high-quality reports and analyses for management (e.g. in MS Powerpoint).
- Proven ability in analysis and decision-making skills.
Communication Skills
- Ability to communicate effectively and professionally both verbally and in writing.
- Highly dynamic & possess excellent communication skills; with can-do attitude to work diligently to achieve tasks; work with great detail and patience.
- Demonstrate ability to work well within a team.
- Ability to build and maintain effective relationships with internal and external stakeholders.
Leadership Skills
- Outstanding organizational and interpersonal skills, including the ability to quickly build trust and influence, and to collaborate effectively with and across teams to achieve the best results.
