Analyst, Finance Ifrs17

Singapore, Singapore, Singapore
- Department
- IFRS17 and Technical Solutioning
- Job posted on
- Dec 20, 2024
- Employment type
- Permanent - Full Time

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.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Singlife is looking for a IFRS 17 Finance Analyst. The role will play an important role in the Finance function to help ensure timely and accurate IFRS17 financial reporting by preparing actual cash flow data, maintaining configuration files for ETL processes, and preparing thorough analyses and reconciliations. The role will also be involved in process improvements and system upgrades.

**Key Responsibilities**
- Prepare and maintain accurate and timely IFRS17 actual cash flow data through ETL processes, including maintaining configuration files and collaborating with IT team.
- Perform detailed reconciliations, internal controls, and analyses to ensure accuracy and completeness of actual cash flow data.
- Collaborate with actuarial team to prepare and interpret analyses of IFRS17 results, including variance analysis.
- Assist in IFRS17 sub-ledger runs, journal upload to GL and related reconciliations.
- Assist in preparation of audit documentation.
- Assist in the development and implementation of procedures and process improvements within the IFRS17 finance function.
- 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.
- Participates in ad-hoc activities as and when assigned.

**Requirements**:
Experience
- 0-3 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 or other data analysis software is an advantage.

Education
- Bachelor's degree in Finance, Accounting, or related field