Senior Officer - Finance Operations

CHINA LIFE INSURANCE (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

An insurance company in Singapore is seeking a qualified finance professional to manage expense accrual and reporting. The successful candidate will be responsible for reviewing expense allocations, preparing reports, and supporting audits. Candidates should possess a Bachelor’s degree in Accountancy or Finance and have 4-6 years of relevant experience, preferably with knowledge in SAP. Fluency in English and Chinese is required.

Qualifications

• Bachelor’s Degree or higher in Accountancy or Finance.
• 4-6 years relevant finance and accounting experience.
• Fluent in both spoken and written English and Chinese.

Responsibilities

• Ensure accurate and timely accrual of expenses and fixed assets.
• Prepare accrual journals and pre-payment schedule for monthly closing.
• Support on year-end audit, prepare audit schedules related to accruals and fixed assets.

Skills

Finance and accounting experience

Proficient in SAP

Proficient in Excel

Fluent in English and Chinese

Process automation experience

Education

Bachelor’s Degree in Accountancy or Finance

CPA/ACCA membership

Tools

SAP

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

China Life Insurance Company Singapore (CLIS) aims to cultivate a strong sense of belonging among all employees through a people-oriented corporate culture.

Position Objective:

• Ensure accurate and timely accrual of expenses and fixed assets
• Ensure expenses are recorded in accordance to MAS320
• Ensure timely reporting of Actual vs Budget

Job Description:

• Review accrual of expenses and fixed assets. Ensure expenses coded to correct insurance fund and cost center. Ensure lease is accounted in accordance to FRS16
• Review payment of expenses and commissions. Ensure all payments are duly approved. Ensure payments are disbursed from appropriate bank accounts to minimize inter-fund transactions
• Prepare accrual journals and pre-payment schedule for monthly closing. Monitor and reverse accrual and pre-payment on timely basis
• Perform monthly expense allocation and true-up at year-end
• Perform recording and settlement of inter-fund settlement
• Prepare Actual VS. Budget reports required by HK Head Office
• Monitor and prepare expense reports at department level. Perform analysis to explain flux
• Perform reconciliation for commissions between SAP and distribution system
• Maintain SAP accounting period
• Support on year-end audit, prepare audit schedules for accrual, non-policy payables, prepayment, fixed assets and Agency incentive amortization
• Any other duties as may be assigned

Job Requirements:

• Bachelor’s Degree or higher in Accountancy, Finance. CPA/ACCA member is preferred.
• 4-6 years relevant Finance and accounting experience
• Proficient in SAP, excel, word and powerpoint
• More than 3 years experience in insurance finance operations
• Good to have experience in process automation and RPA tools.
• Fluent in both spoken and written English and Chinese