Finance Executive jobs in United States

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