Financial Accounting Specialist

Central Provident Fund Board; Singapore; Hybrid; SGD 60,000 - 80,000; Full time

Job summary

A government agency in Singapore is seeking a candidate for a 1-year full-time contract role focusing on the implementation of SFRS 117 Insurance Contracts. The position requires experience in accounting and insurance operations. Effective stakeholder management is essential, and there is potential for a permanent position. A hybrid work model and comprehensive rewards package are offered.

Benefits

Annual leave

Medical and dental benefits

Flexible work model

Training opportunities

Qualifications

• Familiarity with SFRS 117 Insurance Contracts and related accounting standards.
• Experience managing complex projects involving multiple stakeholders.
• Adaptable and resourceful in handling different tasks.

Responsibilities

• Drive and coordinate the implementation of SFRS 117 Insurance Contracts.
• Shape and influence policy positions through effective stakeholder engagement.
• Lead the procurement strategy for SFRS 117 system implementation.

Skills

Relevant experience in accounting

Experience in insurance operations

Analytical thinking

Stakeholder management

Effective communication

Proficiency in Microsoft Office

Education

Relevant degree or certification

Job description

What the role is

At #TeamCPF, you’re not just joining a team; you are embracing a culture of excellence, collaboration, and meaningful impact. You will play a pivotal role in empowering over 4 million members to secure their retirement, healthcare, housing needs and better navigate life’s uncertainties.

We thrive on sharp minds and insightful decisions. Your ability to analyse and think critically isn't just valued; it's essential. Every choice you make contributes to our collective success.

Collaboration is our way of life. We believe in the power of effective partnerships and seamless communications across teams. Together, we amplify each other’s strengths and achieve remarkable results.

Our learning never stops. We encourage your inquisitiveness and courage to embrace new challenges head-on. Your agility, readiness to challenge conventions, embrace of data-driven strategies, dedication to learning and applying new skills fuels our innovation and progress.

At the core of everything we do lies a genuine desire to make a difference. We serve our community and support each other with compassion, empathy, and unwavering dedication. Every action we take is guided by a deep sense of purpose and a commitment to those we serve.

Join us at #TeamCPF! Together, let’s redefine possibilities and leave a legacy that echoes for generations.

What you will be working on

In this role, you will:

• Drive and coordinate the implementation of SFRS 117 Insurance Contracts, orchestrating collaboration between multiple stakeholders including Ministries, actuaries, system vendors, auditors, and internal departments.
• Shape and influence policy positions through effective stakeholder engagement, building consensus across diverse teams whilst ensuring robust implementation approaches.
• Lead the procurement strategy and evaluation for SFRS 117 system implementation partners, ensuring selection of best-fit solutions.
• Partner with senior consultants in developing and refining business requirements and specifications for the SFRS 117 solution implementation.
• Direct, oversee and perform User Acceptance Testing (UAT), ensuring the solution meets all functional and technical specifications.
• Lead the transition and change management strategy, focusing on stakeholder readiness and organisational capability building.
• Perform other ad-hoc duties as assigned.

What are we looking for

We value the diverse talents and experiences that each individual brings to the table. While mastery of every requirement may not be necessary, familiarity and expertise in some of the following areas will position you for success within this team.

• Relevant experience in accounting, audit, or financial management, preferably with exposure to insurance operations and regulatory frameworks.
• Have experience in insurance operations and system architectures, with understanding of complex financial systems implementation.
• Knowledge of SFRS 117 Insurance Contracts and related accounting standards.
• Experience in managing complex projects involving multiple stakeholders across different organisational levels.
• Have experience in analytical thinking, stakeholder management, and presenting to senior leadership teams.
• Proficiency in Microsoft Office applications for reporting and analysis.
• Experience in the insurance industry would be advantageous.
• Communicates effectively, both in writing and speaking.
• Works independently and manages priorities effectively.
• Adaptable and resourceful in handling different tasks and challenges.

The seniority of appointment and actual corporate job title will commensurate with individual work experiences.

Position is on a 1-year full-time contract directly under the payroll of CPF Board with an option to renew, contingent upon confirmation and subject to organisational needs. Additionally, there is potential for emplacement into a permanent position.

What you can expect

Being part of #TeamCPF means embarking on a challenging and rewarding career in a progressive workplace that values productivity and growth. Here’s what awaits you:

• Opportunities to engage in a mix of formal and informal training, keeping your skills sharp in our ever-evolving technological landscape.
• Promotion opportunities based on your capability and on‑job performance.
• A vibrant community of like‑mind​ed and friendly colleagues, where collaboration and creativity thrive.
• A hybrid work model that offers flexibility for remote work, subject to exigencies of service.
• Flexible dress code that empowers you to choose your appropriate outfit for the day.
• A comprehensive rewards package that includes annual leave, pro‑family leave, medical and dental benefits, and access to recreational activities.