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.
Professional Summary
We are seeking a detail-oriented Finance Systems & Projects Analyst to support finance-related change initiatives across Singlife's Singapore businesses. The role involves providing transactional-level accounting expertise for systems implementation, product development, and process improvements. Success will be measured by accuracy, timeliness, collaboration, and initiative in understanding policy admin systems. Strong double-entry accounting knowledge, communication, and problem-solving skills are essential. The analyst will also ensure compliance with financial reporting standards and support UAT and cross-functional projects.
Responsibilities
- Support finance-related change initiatives, including system implementations, product launches, business projects, and process improvements across Singlife's Singapore businesses.
- Provide transactional-level accounting expertise to assess impacts on financial reporting, processes, and systems, including areas such as premiums, commissions, payments, and tax.
- Assist in reviewing User Acceptance Testing (UAT) for new accounting entries across multiple policy administration systems.
- Identify and recommend process improvements to enhance efficiency and strengthen controls within finance and policy administration systems.
- Stay updated on financial reporting standards, tax, and regulatory changes to ensure compliance and provide technical support to business, IT, and delivery teams.
Requirements
- Education: Bachelor's degree in Accounting or Finance; CA/CPA/ACCA qualification preferred (or currently pursuing).
- Experience: 25 years of hands-on accounting and finance experience with a strong foundation in double-entry accounting and internal controls.
- Skills: Strong analytical and problem-solving abilities, attention to detail, and a drive for process improvement.
- Communication: Excellent verbal and written communication skills, with the ability to work effectively with diverse stakeholders.
- Technical Proficiency: Familiarity with Oracle and AS400 systems; good understanding of insurance products and their financial implications.
