Senior Executive/Executive (Reinsurance Operations), Finance

hyperscal solutions pte. ltd.; Shenton Way; On-site; SGD 60,000 - 100,000; Full time

Job summary

MSIG Insurance (Singapore) Pte Ltd is seeking a finance professional to support reinsurance inward/outward activities, month-end closings, and annual audits. The role requires accounting qualifications or relevant experience, with familiarity in Oracle and SAP systems and strong Excel skills.

Responsibilities include reconciliations with reinsurers, processing payments, preparing IFRS17 journal entries, and extracting COI listings.

Qualifications

• Accounting qualifications or relevant work experience required.

Responsibilities

• Perform reconciliations and follow up with reinsurers.
• Analyse incoming funds.
• Process payment transactions.
• Prepare Oracle journal entries.
• Perform month-end closings and IFRS17 entries.
• Extract SAP COI listings.
• Handle survey fees rebilling.
• Prepare summaries for yearly audit.

Education

Accounting qualifications

Tools

Oracle

SAP

Microsoft Excel

Job description

COMPANY DESCRIPTION

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards' Claims Initiative of the Year.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group - one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.

RESPONSIBILITIES

Reinsurance Inward Fac & Outward Fac (including COI)

• Perform reconciliations & following up with reinsurers
• Analyse Incoming Funds
• Process payment transactions
• Prepare Oracle journal entries

Reinsurance Outward Treaty

• Perform reconciliations
• Prepare summaries & Technical Statement of Accounts
• Manage settlement processes and & following up with Reinsurance Brokers

Month-End closing

• Perform month end balance sheet reconciliations for Reinsurance accounts.
• Prepare IFRS17 Oracle journal entries
• Extract SAP COI listings
• Handle survey Fees rebilling

Yearly Audit Confirmation

• Prepare summaries and SOA

QUALIFICATIONS

• Accounting qualifications or relevant work experience

OTHER INFORMATION

• Good understanding of accounting practices, preferably insurance industry.
• Ability to work independently and collaboratively in a team environment.
• Relevant finance and accounting experience
• Knowledge of Oracle and SAP systems.
• Skilled in the use of Microsoft Excel.

Please note that your application will be sent to and reviewed by the direct employer - MSIG Insurance (Singapore) Pte Ltd