Assistant Manager, Finance (Interco Accounting)

About the Job

We are seeking a highly motivated and detail-oriented finance professional to join our dynamic Finance team. This role is pivotal in ensuring the delivery of timely, accurate and insightful month-end closings for Great Eastern Group of Companies. You will also play a key role in ensuring compliance with accounting standards, tax regulations and internal policies.

Management Expenses / Accruals

• To keep track of the monthly expenses against the approved budget.
• To liaise with the respective Business Units on the release of accruals.
• To prepare journal entries for monthly accrual, cost reclassifications and allocations.
• To prepare commentary and address any abnormalities of the monthly expenses and/or accruals.

Intercompany Transaction

• To compile and verify all the necessary documents for intercompany transactions.
• To allocate the intercompany transaction expense and issue billing together with Statement of Account to the respective company on monthly basis.
• To ensure the intercompany transactions are accurately captured in the system on monthly basis.
• To perform monthly reconciliations on the intercompany balances and to address discrepancies immediately. All outstanding items are itemized with reasons and actions are taken as specified in the Standard Operating Procedures (SOPs) unless with valid reason.
• Assist in formulation, developing and ensuring the SOPs are reviewed and updated to reflect the actual practice on a yearly basis.
• To perform intercompany settlement on timely basis.

Overall

• Support/Assist to centralize Account Management processes from related entities and work towards Regional Service Center.
• Perform/review and support daily finance operations activities
• Involve in the monthly closing activities and daily tasks by the stipulated timelines.
• Streamline the daily and monthly activities process across all entities.
• Assist in handling finance related queries and requirement from Group Finance and auditors.
• Implement processes to improve productivity and efficiency.
• Assist in formulation, developing and ensuring the SOPs are reviewed and updated to reflect the actual practice on a yearly basis.
• As part of the leadership team, work with key stakeholders to proactively shape the organisation's culture and conduct environment that is aligned to the organization's Core Values

Ad-Hoc

• Perform other ad-hoc duties as assigned by the superior as and when required.

We are looking for people who

• Degree holder in Accounting/ Finance/ Business Administration or a recognised professional accounting qualification or recognised qualification in Life Insurance Operations (e.g. LOMA, MII)
• 3-4 years of working experience with minimum 2 years of experience in supervisory roles.
• Knowledge in Accounting Systems.
• Professional experience in tax and insurance industries.
• Good time management and detailed-oriented.
• Good communication skills – written/verbal.
• Able to work independently and a good team player.
• Analytical thinking, cross functional knowledge, finance best practice, proactive in solving any issues.
• Proficient in Microsoft Office/Excel and good in other computer skills.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.