About the Position

The ideal candidate will have substantial exposure to financial accounting, internal controls, budgeting, and financial reporting for the company. They will have the opportunity to develop specific skillsets, exposure to operations to deepen your understanding of the business and involvement in projects to enhance the efficiency and effectiveness of reporting requirements in an increasingly complex environment.

Key Responsibilities

Reinsurance Accounting

• Assist with all aspects of monthly and quarterly reinsurance premiums and claims reporting from internal business unit level reporting and legal entity review to external SEC, GAAP, and local Singapore regulatory reporting.
• Assist with maintaining an appropriate S.O.X 404 control environment for the booking of premiums, claims and related transactions in both reinsurance accounting systems and general ledger and liaising with internal audit where necessary
• Understanding of how technical balances are accounted for in our reinsurance accounting system, SICS.
• Assisting with the monthly and quarterly close of reinsurance systems
• Perform accounting reviews and analysis of reinsurance contracts to ensure appropriate GAAP accounting treatment.
• Assist with technical analysis of contracts and other FASB and SEC research.
• Perform detailed analysis and monthly/quarterly reconciliation of assumed/ceded premiums and claims to ensure a thorough understanding of reported results, troubleshooting any issue through to a successful conclusion.
• Participate in on-going refinement/improvement of business processes, analytical tools and reinsurance accounting platform ensuring the Singapore team needs are met.

Financial Accounting

• Complete for all aspects of monthly and quarterly consolidation and close processes.
• Statutory reporting - MAS Returns
• Good understanding of the various MAS regulations, specifically MAS 129 and 133
• Responsible for the preparation of quarterly and annual returns and liaise with external auditors
• Candidate will be responsible for the preparation of IFRS 17 figures for a branch in run-off.
• Assist with the preparation of IFRS 17 financial statements and liaise with external auditors
• Obtain a good understanding of the TB and how the figures are derived.
• Support the continued enhancement of and on-going development of various financial systems.
• Support the preparation of detailed analysis, journal entry bookings and monthly/quarterly reconciliation to the general ledger, including bank and intercompany reconciliation.
• Assist in the management of monthly and quarterly general ledger entries.
• Assist with the preparation of budgets and other financial plans for management information and group reporting.

Candidate Qualifications

• Degree is essential with emphasis on business, finance, and accounting.
• Professional accounting designation preferable (i.e., CA, ACA, CPA)

Candidate Experiences

• Minimum 6 years of experience with 3 years of Big Four external audit experience or equivalent. Experience working with General Insurance organizations as an auditor or accountant is preferred.
• Knowledge of generally accepted accounting principles (GAAP), and an understanding of GAAP for reinsurance transactions is preferred.
• Experience with public companies, S.O.X 404 and IFRS 17 is preferred.
• Experience with Microsoft D365, SICS reinsurance accounting systems and ResQ FR is preferred.