Role Purpose To lead the end-to-end ILP product operations vertical, overseeing the full investment lifecycle from fund order placement through NAV pricing generation, fund accounting and year-end reporting. The role is accountable for ensuring operational excellence, regulatory compliance (MAS and CPFIS), governance integrity, and scalable support for ILP product growth, including new launches and Direct Fund initiatives.
Key Responsibilities
End-to-End ILP Investment Operations Ownership
- Own the complete ILP operational workflow, including:Fund order placement and executionSubscription/redemption processingCorporate actions and lifecycle eventsCash management and reconciliationNAV validation and unit pricing oversight
- Ensure timely and accurate NAV pricing generation
- Oversee fund accounting processes specific to ILP structures
- Serve as the primary escalation point for ILP operational issues
Accountability: Accurate, timely and well-controlled ILP operations across all products.
Regulatory & Governance Oversight (MAS & CPFIS)
- Ensure compliance with applicable MAS regulations governing ILP operations
- Ensure CPFIS-related requirements are adhered to where applicable
- Maintain clear documentation, control evidence and governance frameworks
- Lead regulatory reviews and respond to audit / supervisory queries
- Strengthen ILP pricing governance and oversight framework
- Monitor and manage regulatory risk exposures related to ILP products
Accountability: ILP operations remain fully compliant and audit-ready at all times.
ILP Product Launch & Change Management
- Lead operational readiness for new ILP product launches
- Assess accounting, data, workflow and control implications of new products
- Partner with Product, Actuarial, Risk and Distribution teams on implementation
- Design and embed scalable operational processes before BAU handover
- Support Direct Fund Model initiatives and structural changes
Accountability: Smooth, well-controlled onboarding of new ILP products without downstream remediation.
Fund Accounting & Year-End Responsibilities
- Oversee ILP-related fund accounting activities
- Ensure month-end, quarter-end and year-end closing processes are completed accurately and on time
- Lead preparation of ILP financial schedules and reporting
- Coordinate audit processes related to ILP funds
- Ensure books and records integrity for ILP structures
Accountability: Clean audit outcomes and accurate ILP financial reporting.
Controls, Risk & Operational Resilience
- Establish strong maker-checker and escalation frameworks
- Monitor operational incidents and drive root-cause remediation
- Maintain ILP risk registers and control documentation
- Reduce key-man dependency through documentation and cross-training
- Ensure sustainable resourcing during peak periods
Accountability: Reduced operational risk and strengthened control environment.
Data & Process Optimisation
- Partner with Fund Accounting Transformation & Data Lead to improve:Data qualityWorkflow efficiencyAutomation opportunities
- Identify areas for operational simplification and digitisation
- Ensure ILP workflows align with the broader IVS data architecture
Accountability: Efficient, scalable and future-ready ILP operations.
Key Requirements
- Bachelor Degree in accountancy, finance or relevant
- 8-10 years experience in ILP operations, fund accounting or investment operations within an insurer or asset manager
- Strong understanding of ILP product structures and unit pricing frameworks
- Experience managing MAS regulatory requirements and CPFIS considerations
- Proven track record managing product launches and operational change
- Strong audit, governance and control mindset
- Ability to operate in a lean but high-accountability environment
