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IFRS 17 Manager

  • Location:

    Singapore

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    Up to S$130000 per annum

  • Contact:

    Candy Chew

  • Contact email:

    Candy.Chew@oliverjames.com

  • Job ref:

    OJACCHE01_1641345131

  • Published:

    11 Tage her

  • Expiry date:

    2022-02-04

The IFRS 17 manager will play an integral part of the Insurance Finance team, reporting to the Singapore Insurance CFO, and with frequent interaction with the senior leadership across Singapore Insurance & finance function in Singapore

  • The role holder will build on an existing detailed knowledge of life insurance products, insurance accounting (including embedded value reporting and IFRS 17), and financial processes, and will have experience in dealing with senior stakeholders both within the Finance function and the wider business
  • Ensure month end, quarter end & year-end controllership, Group & Regulatory reporting processes are completed within the tight deadlines defined by Corporate / Regulator
  • Act as the gate keeper of financial information on financial systems, ensuring robust underlying information used for financial, statutory and regulatory reporting of Singapore based insurance entity
  • Provide quality and documented challenge through Accounts Reconciliation processes and other sources to demonstrate an effective 2nd Line Of Defense (LOD) in Finance and call out where 1st LOD control failures impact Financial & Regulatory reporting
  • Facilitate change and work closely with the business (Investment, COO , Products, Distribution) and other teams within Finance to understand the accounting/ reporting implication of the new initiatives / projects, and ensure the timely implementation of such changes from finance perspective
  • Support CFO/ manager with the regulatory and direct & indirect corporate tax matters for the Company;
  • Manage flexible working teams of both on and off shore resources
  • Support CFO / Manager in ensuring smooth and effective transition once IFRS17 goes live in 2023

Requirements

  • Strong academic background
  • Professional accounting qualification with more than 8 years of post-qualification experience
  • Knowledge and understanding of major technical components of the insurance financial statements and their dynamics; Experience in Regulatory Reporting to MAS is a must
  • Familiar with life insurance products and accounting frameworks, including embedded value measures and of insurance operational accounting and financial controllership processes
  • Working knowledge of IFRS 17 requirements
  • Experience from partnering closely with teams performing life insurance actuarial calculations, (including statutory reserving, economic capital and embedded value reporting) would be highly advantageous
  • Proven leadership ability and team working skills, ideally in an international environment
  • Excellent communication skills and ability to manage multiple stakeholders, both internal and external, and conflicting priorities
  • Strong sense of risk management and controls
  • A mind set of continuous improvement and aiming for excellence

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