Assistant Manager/Senior Executive, Finance (Bank Reconciliation)

INCOME INSURANCE LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading insurance company in Singapore is seeking a skilled finance professional to manage bank reconciliation and treasury functions. The ideal candidate will have 4-5 years of experience in finance/accounting, with advanced knowledge of SAP and Excel. Key responsibilities include performing bank reconciliations, resolving discrepancies, and ensuring compliance with regulations. The role also involves supervising a team and driving process improvements for greater efficiency.

Qualifications

• 4-5 years of experience in Finance/Accounting role.
• Advanced knowledge of SAP and proficiency in Microsoft Excel.
• Proven ability to lead teams and manage projects.

Responsibilities

• Perform and review bank reconciliations.
• Investigate and resolve discrepancies.
• Prepare reconciliation statements and reports.

Skills

Bank reconciliation

Cash management

Analytical skills

Problem-solving skills

Team leadership

Education

Degree/Diploma in Finance/Accounting

Tools

SAP

Microsoft Excel

Job description

This role supports the Bank Reconciliation & Treasury function, ensuring accurate reconciliation, compliance, and efficient cash flow management. The ideal candidate will demonstrate strong technical skills, attention to detail, and a commitment to continuous improvement.

Key Responsibilities

• Perform and review daily/monthly bank reconciliations
• Investigate and resolve discrepancies and variances
• Process manual journal entries relating to banks in SAP system
• Ensure all bank-related transactions are properly accounted for and outstanding items are cleared up on a timely basis
• Liaise with relevant stakeholders on adjustments, queries & variances
• Support UAT and system enhancements
• Prepare reconciliation statements and reports
• Assist during audits and respond to queries
• Oversee and review daily and monthly bank reconciliation activities performed by the team
• Validate accuracy and completeness of reconciliations, journal entries, and variance resolutions
• Lead testing and quality assurance for system enhancements, process changes, and UAT activities
• Drive automation and process improvements to enhance efficiency and reduce risk
• Manage cash flow forecasting and fund transfers
• Ensure compliance with regulatory requirements and internal policies
• Serve as escalation point for complex issuesand partner with business units to resolve reconciliation issues and improve end to end processes.
• Liaise with auditors, regulators, and internal stakeholders on reconciliation and treasury matters
• Prepare and review reconciliation statements
• Act as deputy for the Bank Reconciliation ensuring continuity of operations
• Supervise, mentor and provide coaching for junior team member

Qualifications

• At least4-5 years of experience in Finance/Accounting role
• Possess a Degree/Diploma in the field of Finance/Accounting
• Advanced knowledge of SAP and proficiency in Microsoft Excel
• Good analytical and problem-solving skills
• Strong expertise in bank reconciliation, cash management, and financial controls
• Proven ability to lead teams is highly preferred and drive process improvements
• Proven experience in managing projects and leading UAT/testing activities