Senior Executive, Finance (General Ledger & Reporting)

Role Overview

We are seeking a Senior Executive - General Ledger & Reporting to support the financial accounting and reporting function for our health insurance and third-party administration (TPA) business. This role is responsible for maintaining accurate financial records, performing month-end and year-end closing activities, preparing financial reports, and ensuring compliance with accounting standards, MAS regulatory requirements, and internal controls.

Key Responsibilities

1. General Ledger and Financial Reporting

• Perform month-end and year-end closing activities for assigned entities.

• Prepare journal entries, accruals, prepayments, balance sheet schedules, and reconciliations on a timely basis.

• Maintain the general ledger and ensure accounting records are complete and accurate.

• Prepare monthly management reports, financial statements, and supporting schedules.

• Perform variance analysis and investigate unusual movements in financial results.

• Ensure proper documentation and audit trails are maintained for all accounting transactions.

2. Regulatory Reporting, Compliance and Internal Controls

• Ensure compliance with SFRS(I)/IFRS, MAS regulations, company accounting policies, and internal control requirements.

• Prepare and support MAS regulatory returns, ensuring submissions are accurate, complete, and submitted within regulatory timelines.

• Assist in preparing regulatory reconciliations between MAS returns and statutory financial records.

• Support statutory audits, tax reporting, and other regulatory reporting requirements by preparing schedules and responding to audit queries.

• Prepare GST returns, tax schedules, and other statutory reporting requirements where applicable.

• Review balance sheet reconciliations and ensure timely resolution of outstanding reconciling items.

• Support the enhancement of finance policies, accounting procedures, and internal controls.

3. Budgeting and Business Support

• Support the preparation of annual budgets, forecasts, and management reporting.

• Assist in analysing financial performance and explaining variances against budget and prior periods.

• Provide financial information and analysis to support operational and management decision-making.

• Support business initiatives by assessing accounting implications and financial impact.

5. Systems and Process Improvement

• Work with IT and business stakeholders to improve finance processes, reconciliations, and reporting.

• Support initiatives to enhance the accuracy and efficiency of financial and regulatory reporting.

• Identify opportunities to streamline finance processes and strengthen internal controls.

• Perform data analysis to identify trends, exceptions, and opportunities for operational improvement.

6. Team Collaboration

• Provide guidance and support to the team on accounting and reporting matters.

• Review accounting schedules and reconciliations prepared by junior team members where assigned.

• Collaborate with cross-functional teams to ensure timely completion of finance deliverables.

• Share knowledge and contribute to continuous improvement within the finance team.

7. Ad-hoc Projects

• Participate in finance transformation and process improvement initiatives.

• Support implementation of new accounting standards and regulatory reporting requirements.

• Support management with ad-hoc financial analysis, reporting, and special projects.

Requirements

• Degree in Accountancy, Finance, or a related discipline.

• Professional qualification such as CA Singapore, CPA, or ACCA would be an advantage.

• 3 to 6 years of relevant finance and accounting experience, preferably in audit, insurance, healthcare and financial services.

• Strong knowledge of general ledger accounting, month-end and year-end closing, and financial reporting.

• Experience in preparing MAS regulatory returns or supporting regulatory reporting for insurers or financial institutions would be an advantage.

• Exposure to insurance accounting, premium billing, claims accounting, reinsurance, or policy administration would be an advantage.

• Experience in preparing balance sheet reconciliations, statutory financial statements, and supporting external audits.

• Good understanding of SFRS(I)/IFRS, MAS regulatory requirements, GST, and internal control principles.

• Proficient in Microsoft Excel and ERP/accounting systems experience with reporting and data analytics tools is an advantage.

• Strong analytical, problem-solving, and organisational skills.

• Hands-on, meticulous, and able to manage multiple priorities while meeting reporting deadlines.

• Good interpersonal and communication skills, with the ability to work effectively with internal stakeholders across other departments.
  
  We regret that only shortlisted candidates will be notified.