Associate, Finance

Singapore, Singapore, Singapore

Department: NISL Finance and Operations

Job posted on: Jan 06, 2025

Employment type: Permanent - Full Time

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels, and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs, and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Responsibilities

• Ensure sufficient liquidity for daily trade settlement.
• Oversee daily operation payment.
• Oversee revenue collection from accounts receivables.

• Reconcile trade postings, billing, and receipting of trailer revenue and bank balances.
• Oversee posting of business accruals and expenses.

• Oversee design and development of financial accounting hub for new trading platform.
• Review design of financial accounting hub and test results.
• Design new accounting and operational processes to support development of new platform.
• Provide support to Team Lead with regular management reporting.

• Lead filing of corporate tax, GST filings, and statutory reporting.
• Lead and facilitate internal and financial statement audits.

• Provide guidance and support to less experienced team members.
• Supervise junior team members to ensure performance and quality of work.

Requirements

• Minimally 5 to 6 years of experience in accounting, business administration, or finance functions.
• Relevant education qualification such as a degree or diploma in accounting or finance, or any equivalent qualification.
• A good attitude towards acquiring new knowledge and self-improvement.
• An interest in financial advisory industry and investing.