Assistant Manager/ Manager - Investment Reporting, Analytics & Systems

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading insurance firm in Singapore is seeking a professional to manage investment accounting responsibilities, requiring knowledge of IFRS 9 and skills in Excel VBA. This role involves preparing and reviewing accounting records, conducting research on investment products, and liaising with banks to enhance accounting processes. Candidates should be certified accountants or pursuing accounting qualifications, with strong communication skills in English. The position offers the opportunity to work in a collaborative environment, focusing on continuous improvement and integrity.

Qualifications

• Strong understanding of accounting treatment for investment products.
• Knowledge of insurance industry and IFRS 17 is an advantage.
• High proficiency in written and spoken English.

Responsibilities

• Prepare and review accounting records for investment transactions.
• Conduct research on accounting treatment for investment products.
• Liaise with banks to improve investment accounting process.

Skills

Proficiency in Excel VBA/macros

Strong communication skills

Understanding of IFRS 9

Knowledge of insurance industry

Written and spoken English proficiency

Knowledge of Python

Education

Certified accountant or pursuing qualifications from recognized bodies

Job description

• Prepare and/or review accounting records for investment-related transactions.
• Conduct research on the appropriate accounting treatment for new or complex investment products.
• Prepare and/or review SPPI test and ECL model
• Liaise with custodian banks to drive initiatives that streamline and improve the investment accounting process.
• Partner with the Group Investment team, Financial Risk Management team, and Corporate Treasury team on projects related to investment accounting and governance.
• Lead or support data quality enhancement and validation initiatives in collaboration with the investment systems team.

• Certified accountants or candidates pursuing qualifications from internationally recognised accounting bodies.
• Strong understanding of IFRS 9.
• Knowledge of the insurance industry and IFRS 17 is an advantage, but not mandatory.
• Proficiency in Excel VBA/macros is essential; knowledge of Python is a plus.
• Strong communication and collaboration skills.
• High proficiency in written and spoken English.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.