Senior Associate / Associate, Specialist, Fin Reporting & Accounting (Expected Credit Loss), Gr[...]

DBS; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading bank in Singapore is looking for a Senior Associate / Associate specializing in Financial Reporting & Accounting (Expected Credit Loss) within Group Finance. The successful candidate will understand IFRS 9, ensure compliance, and prepare analysis for senior management. They will collaborate with teams across DBS locations and participate in ECL related projects. The ideal applicant will have a degree in Accounting/Banking & Finance and 2 to 4 years of relevant experience, along with strong analytical skills and a positive attitude.

Benefits

Competitive salary and benefits package

Professional development opportunities

Qualifications

• 2 to 4 years of audit/financial reporting/capital reporting experience.
• Experience in finance or credit risk management in banking preferred.
• Meticulous with a positive learning attitude.

Responsibilities

• Understand the IFRS 9 accounting standard.
• Prepare analysis and slide decks for management meetings.
• Ensure ECL computation complies with IFRS.

Skills

Analytical skills

Collaboration

Technical accounting expertise

Understanding of accounting

Education

Degree in Accounting/Banking & Finance

Job description

Job Description - Senior Associate / Associate, Specialist, Fin Reporting & Accounting (Expected Credit Loss), Group Finance (WD79647)

Job Description

Senior Associate / Associate, Specialist, Fin Reporting & Accounting (Expected Credit Loss), Group Finance - ( WD79647 )

Business Function

Group Finance aims to deliver world‑class standards in reporting, financial planning and finance processes. We provide insights and analysis to help the bank in making sound business decisions including product development, customer profitability and capital management. We also provide business planning, forecasting, tax and accounting advisory services.

The bank is also a certified Accredited Training Organisation (ATO) for Singapore Qualification Programme by Singapore Accountancy Commission and an Association of Chartered Certified Accountants (ACCA) Approved Employer.

Job Purpose

The Expected Credit Loss (ECL) team is responsible for computing and reporting credit losses according to IFRS 9. Credit losses are a key driver of DBS’ profitability and a key focus for senior management.

Key Accountabilities

• Understand the IFRS 9 accounting standard
• Ensure that the ECL computation and disclosures comply with IFRS
• Prepare analysis and slide decks for senior management meetings
• Perform the Group / Head Office ECL role, including coordinating analysis and discussions
  with overseas colleagues
• Participate in ECL related projects and liaise with the Banking regulator MAS

Job Duties & Responsibilities

• Ensure ECL computation and disclosures comply with IFRS 9
• Participate in crafting user stories and UAT testing for automation projects
• Support all DBS locations with technical accounting expertise
• Preparation of analysis and slide decks for management meetings as well as external
  disclosures
• Prepare analysis and slide decks for senior management meetings
• Perform peer benchmarking for ECL disclosures
• Analyze ECL drivers and participate in model development / refinement

Requirements

• Degree in Accounting/Banking & Finance.
• Min. 2 to 4 years of audit/financial reporting/capital reporting experience
• Experience in finance or credit risk management in banking preferred
• Good knowledge and understanding of accounting
• Meticulous. Possess a positive learning attitude
• Good analytical skills
• Strong collaborator and team player. Able to work independently

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.