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ILP Financial Reporting Manager

Employer
FWD Group Management Holdings Limited
Location
Singapore, Singapore
Salary
Competitive
Closing date
Aug 7, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
FWD Group is a pan-Asian life insurance business with more than 11 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. Visit www.fwd.com

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

The role responsibilities are mainly to support Head of Financial Reporting in leading the ILP financial reporting function and to ensure quality and timely delivery of ILP reporting deliverables.

KEY ACCOUNTAIBILITIES
  • Manage monthly, quarterly, and semi-annual ILP reporting deliverables including the MAS regulatory deliverables.
  • Manage semi-annual ILP fund report including liaising with external auditors.
  • Manage relationship with external auditors, MAS regulators and internal stakeholders for ILP related requests.
  • To support the launch of new product or new fund by providing ILP related requirement and participate in UAT.
  • Actively look for process improvement relating to operational effectiveness and efficiency within the ILP financial reporting function.

QUALIFICATIONS / EXPERIENCE
  • Degree in Accountancy or equivalent professional qualification (e.g. ACCA) with at least 6 years of experience in ILP financial reporting.
  • Strong grasp of knowledge on Financial Reporting related regulation (e.g. MAS reporting regulation and IFRS standards).
  • Able to handle multiple tasks simultaneously, well-organised and systematic.
  • High personal levels of motivation and delivery orientated focus, with good aptitude in problem-solving.

KNOWLEDGE, SKILLS & ABILITY
  • Strong understanding of end-to-end process for ILP financial reporting.
  • Strong communication skills, thus ability to liaise with and work across departments to achieve best outcomes for the business and customer.
  • Sound understanding of SG Finance standards (SFRS) and MAS regulation (particularly MAS 307).
  • Good knowledge of Oracle accounting system as well as policy systems (including AS400).
  • Knowledge and experience of best practice within industry to consistently improve delivery within department.

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