Senior Financial Accountant

Allianz Popular SL.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

Allianz Commercial is seeking a skilled financial analyst to enhance P&L analysis, ensure compliance with audit requirements, and manage relationships with key stakeholders. The role demands strong analytical abilities and experience in the insurance industry, offering opportunities for professional development in a diverse and inclusive environment.

Benefits

Flexible working arrangements

Career development programs

Bonus scheme

Pension

Health and wellbeing benefits

Qualifications

• At least 4 years of professional experience in audit or commercial roles.
• Experience in MAS reporting and preparation of tax schedules.
• Proven understanding of GAAP & IFRS for insurance.

Responsibilities

• Assist internal clients with reports, research, and other activities.
• Participate in month-end closing activities for accurate financial reporting.
• Support IFRS17 reporting related to financial information flow.

Skills

Analytical thinking

Effective communication

Problem-solving

Education

Degree in Accounting

CPA or equivalent

Tools

Advanced Excel

PowerPoint

Automation tools

Job description

At Allianz Commercial (AZC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest buildings, cyber-attacks, or climate change impacts, AZC has an extensive range of risks covered when it comes to protecting businesses.

Key Responsibilities

1. Global P&L Analysis and Reviews
   • Assist internal clients (e.g., other departments) with reports, research, and other activities.
   • Identify items for discussion or resolution.
   • Respond to audit and regulator queries on a timely basis.
2. Governance and Quality Assurance
   • Archive records to satisfy audit and statutory requirements.
   • Document application of policies, procedures, and workflow for assigned areas of responsibility.
   • Maintain oversight of the data structure of source and general ledger systems to ensure accurate reporting of financial information.
3. Manage Relationships with 3rd Parties (Auditors, Business Units, Public Authorities, Tax Authorities, etc.)
   • Support the building of trust with external stakeholders including auditors and regulators.
4. Reporting and Closing
   • Participate in month-end closing activities to ensure timely bookings of insurance-related journal entries.
   • Coordinate, transfer, and reconcile data from interfaces of front-end systems.
   • Ensure all IFRS, GAAP, and Statutory closing and reporting tasks (e.g., annual report, MAS returns, surveys) are completed accurately and on time.
   • Perform P&L analysis and balance sheet reconciliations.
   • Manage monthly legal entity close submissions.
   • Ensure timely internal and external reporting.
   • Support IFRS17 reporting related to IFRS ledger and local statutory reporting.
   • Assist in testing systems and processes impacting financial information flow.

Knowledge / Skills / Abilities

Required Education: Degree in Accounting or qualified by experience in a related discipline. Preferably with a recognized professional qualification related to Accounting (e.g., CPA).

Required Experience: At least 4 years of professional experience in audit or commercial roles within the General Insurance or reinsurance industry. Experience in MAS reporting, GST, and preparation of tax schedules. Proven understanding of GAAP & IFRS for insurance and reinsurance. Ability to work on projects and in teams in a dynamic, international environment.

General Skills: Analytical thinking, numeracy, effective communication and presentation skills, problem-solving, project management, proficiency in English and local language.

Technical Skills: Handling complex financial processes, advanced Excel and PowerPoint skills, experience with automation tools, comprehensive knowledge of local GAAP, IAS/IFRS, regulatory and tax reporting, and understanding of insurance financial statements and performance metrics.

What’s In For You

Inclusive Environment: We foster diversity and offer flexible working arrangements.

Financial Wellbeing: Competitive compensation, bonus scheme, and pension.

Career Opportunities: Development programs, international mobility, lifelong learning.

Work-Life Balance: Flexible working, health and wellbeing benefits, parental leave, support for returning from career breaks.

Societal and Environmental Responsibility: Engagement in building a sustainable and inclusive future.

Join Us

Allianz Commercial serves major global brands and industry players, providing risk transfer solutions, risk consulting, and claims handling across over 200 countries, generating over €19 billion gross premium in 2022. Learn more about careers and our company.

We are an equal opportunity employer and value diversity. For candidates needing adjustments during the application process, please contact [e-mail].