Analyst, Financial Planning and Analysis

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.

Responsibilities:

The role is designed to assist the Head of the function to monitor the performance of financial metrics, mainly expenses, and provide expense insights to formulate business plan. In addition, the individual will be responsible for various strategic initiatives, mainly relating to analysing and presenting various performance levers/drivers for the business. The key responsibilities will include as follows:

• Expense Tracking: Generate and maintain expense reports, ensuring accuracy and timeliness in delivery.
• Expense Variance Analysis: Perform expense variance analysis to understand the spending and collaborate closely with stakeholders to ensure the spending is within plan.
• Expense Forecast: Develop forecasts based on historical data and current trends to support financial planning and decision-making.
• Stakeholder Collaboration: Collaborate with stakeholders to understand reporting requirements and provide insights to support decision-making
• Process Improvement: Assist in the development and implementation of reporting processes and procedures to improve efficiency and effectiveness
• Documentation Management: Develop and maintain documentation for reporting processes, including report templates, data sources, and methodologies
• Ad Hoc Projects: Support ad hoc projects by conducting research, analysing data, and providing recommendations

Requirements

Experience

• Experience in management reporting, financial analysis, or related field.
• Possess experience with expense variance analysis and forecasting preferred.
• Prior exposure to project management or participation in projects is advantageous.
• Proficiency in tools such as Microsoft Excel, Alteryx, or other data analysis software.

Education

• Bachelor's degree in Actuarial Science, Finance or related field.

If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.