Associate, Finance IFRS17
7 days ago
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.
Singlife is looking for a IFRS 17 Finance Associate to be part of a team of problem solvers. The role will play an important role in the Finance function to help optimize processes, systems and implement data management layer transformations to improve efficiency and productivity.
Key Responsibilities
- Understand and analyze current business processes and workflows to identify opportunities for improvement within the IFRS17 end to end process to ensure efficient IFRS17 reporting.
- Assist in development and implementation of controls and solutions for identified areas, aligning to the requirements of the business and IFRS17 processes.
- Assist in user acceptance testing and validation of results from source systems, data management layer and IFRS17 system.
- Collaborate with multiple teams such as Actuarial and IT to implement system changes and enhancements that support end to end IFRS17 process improvements.
- Maintain documentation of work performed, key findings and solutions as part of the implementation process.
- Explore opportunities for automation to streamline repetitive and manual tasks.
- Develop automation solutions using software tools (e.g. Alteryx / SQL) to streamline repetitive and manual tasks
- Participates in ad-hoc projects as and when assigned.
Requirements
Experience
- 3-6 years of experience in financial reporting, accounting, or audit within the insurance industry.
- Experience in IFRS17 is an advantage.
- Experience in working with source system data extractions and SQL is an advantage.
- Motivated to work independently.
- Ability to collaborate effectively with cross-functional teams.
- Strong analytical skills and attention to detail.
- Proficiency in Microsoft Excel, Alteryx, SQL or other data analysis software
Education
- Bachelor's degree in Finance, Accounting, or related field.
- CPA or equivalent certification is a plus.
If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.
Tell employers what skills you haveIFRS
Microsoft Excel
Data Analysis
Analytical Skills
Data Management
Alteryx
SQL
Attention to Detail
IFRS project
Financial Reporting
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