Senior/Lead IT Consultant (SB-FRS 117)

Central Provident Fund Board; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A key social security organization in Singapore is seeking a candidate for the SB-FRS 117 solution project. The role involves supporting the project lifecycle, conducting market research, and collaborating with various teams to ensure successful implementation. Candidates should have relevant experience in IT implementation, knowledge of financial systems, and effective communication skills. This position offers a hybrid work model and opportunities for professional growth.

Benefits

Comprehensive rewards package

Annual and pro-family leave

Medical and dental benefits

Flexible dress code

Opportunities for formal and informal training

Qualifications

• Experience in IT system implementation projects.
• Familiarity with insurance accounting standards.
• Knowledge of procurement and vendor management.

Responsibilities

• Support project lifecycle of SB-FRS 117 solution.
• Conduct market research for relevant solutions.
• Collaborate with finance and IT teams.

Skills

IT system implementation experience

Familiarity with SB-FRS117 / IFRS 17

Experience with SAP Financial and Prophet software

Vendor management

Stakeholder engagement

Knowledge of cloud infrastructure

Project risk management

Effective communication

Analytical thinking

Attention to detail

Tools

SAP Financial (GL)

Prophet actuarial software

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 dedications. 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:

• Support the full lifecycle of the SB-FRS 117 solution project, including market research, procurement, implementation, and post-go-live activities.
• Conduct market research to identify suitable SB-FRS117 / IFRS 17 solutions aligned with organisational requirements.
• Assist in preparing tender specifications and manage procurement activities, including tender evaluation and proposal recommendation.
• Collaborate with Finance, Actuarial teams, and IT managers from the insurance product lines to ensure alignment and stakeholder engagement.
• Work with the selected vendor to coordinate system design, testing, customisation, and integration.
• Facilitate integration of the SB-FRS 117 solution with existing systems, including SAP Financial (GL) system and Prophet actuarial software.
• Support the setup and deployment of the system on Government cloud infrastructure, if the solution is not SaaS-based.
• Monitor project risks and issues, coordinating resolutions with relevant stakeholders.
• Provide regular status updates to project leadership and stakeholders.
• Ensure compliance with internal policies and relevant regulations throughout the project.
• Lead stakeholder engagement across multiple departments to drive coordinated project delivery.
• Establish governance frameworks and controls to ensure ongoing compliance with the accounting standard.

What we are 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 IT system implementation projects, preferably involving finance or actuarial systems.
• Have experience in SB-FRS117 / IFRS 17 insurance accounting standards and their practical application.
• Have experience with SAP Financial (GL) modules and actuarial software such as Prophet.
• Have experience with procurement and vendor management processes.
• Have experience in stakeholder engagement and coordination across multiple departments.
• Knowledge of cloud infrastructure deployment, preferably within government or regulated environments.
• Knowledge of project risk management and issue resolution coordination.
• Knowledge of tender specification preparation and evaluation processes.
• Communicates effectively, both in writing and speaking.
• Works independently and manages priorities effectively.
• Adaptable and resourceful in handling different tasks and challenges.
• Demonstrates analytical thinking when evaluating complex business and technical requirements.
• Shows attention to detail in ensuring compliance with internal policies and relevant regulations.

The seniority of appointment and actual corporate job title will commensurate with individual work experiences. Position is on a 2-year full-time contract directly under the payroll of CPF Board with potential for emplacement into permanent position.

What you can expect:

• 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-the-job performance.
• A vibrant community of like-minded 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.

About Central Provident Fund Board:

Central Provident Fund (CPF) Board is the cornerstone of Singapore's social security system, committed to serving and empowering over 4 million members in securing their retirement, healthcare, and housing needs. As an employer, we believe in developing our people to do their life’s best work through the 3Ps: Purposeful Work, Professional Growth, People & Culture. Purposeful Work – Beyond being a pension fund, we are unique in being a national social security organisation, and we serve CPF members knowing that our work we make a difference. Professional Growth – At CPF Board, you will have the opportunity to learn on the job, acquire new skills, and broaden your knowledge. Although you are joining one organisation, you will have access to many career paths in the years ahead. People and Culture – When you join CPF Board, you become part of a mission-oriented organisation with a strong culture of teamwork, collaboration, and innovation. Our people are our greatest asset, and we champion a culture of respect, diversity, and inclusivity, where every voice is heard and contributions are recognised and celebrated. We are a recipient of the Enabling Mark (Gold) by SG Enable, we welcome candidates with disabilities and are committed to providing an inclusive and supportive work environment. Come and be a part of #TeamCPF today, to make a difference in the lives of others and in the future of Singapore. To learn more about CPF Board, visit our website at www.cpf.gov.sg.