RafflesMedicalGroup (RMG) is the largest home-grown private healthcare provider in the region, started in 1976 in Singapore as a two-clinic operation but today, serves patients in five countries, 14 cities. We are a Multidisciplinary Medical Group listed on the Singapore Stock Exchange and operate over 100 medical facilities across 14 major cities. It is the only private medical provider in Singapore that owns and operates a fully integrated healthcare organization comprising a tertiary hospital, a network of family medicine and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, Raffles Healthy Longevity Centre and a consumer healthcare division. Raffles Hospital is the flagship of Raffles Medical Group. Our China footprint has expanded with the opening of our Chongqing, Beijing and Shanghai Hospitals.
Role Overview
We are seeking a Senior Executive – General Ledger & Reporting to support the financial accounting and reporting function for our health insurance and third-party administration (TPA) business. This role is responsible for maintaining accurate financial records, performing month-end and year-end closing activities, preparing financial reports, and ensuring compliance with accounting standards, MAS regulatory requirements, and internal controls.
Key Responsibilities
1) General Ledger and Financial Reporting
- Perform month-end and year-end closing activities for assigned entities.
- Prepare journal entries, accruals, prepayments, balance sheet schedules, and reconciliations on a timely basis.
- Maintain the general ledger and ensure accounting records are complete and accurate.
- Prepare monthly management reports, financial statements, and supporting schedules.
- Perform variance analysis and investigate unusual movements in financial results.
- Ensure proper documentation and audit trails are maintained for all accounting transactions.
2) Regulatory Reporting, Compliance and Internal Controls
- Ensure compliance with SFRS(I)/IFRS, MAS regulations, company accounting policies, and internal control requirements.
- Prepare and support MAS regulatory returns, ensuring submissions are accurate, complete, and submitted within regulatory timelines.
- Assist in preparing regulatory reconciliations between MAS returns and statutory financial records.
- Support statutory audits, tax reporting, and other regulatory reporting requirements by preparing schedules and responding to audit queries.
- Prepare GST returns, tax schedules, and other statutory reporting requirements where applicable.
- Review balance sheet reconciliations and ensure timely resolution of outstanding reconciling items.
- Support the enhancement of finance policies, accounting procedures, and internal controls.
3) Budgeting and Business Support
- Support the preparation of annual budgets, forecasts, and management reporting.
- Assist in analysing financial performance and explaining variances against budget and prior periods.
- Provide financial information and analysis to support operational and management decision-making.
- Support business initiatives by assessing accounting implications and financial impact.
4) Systems and Process Improvement
- Work with IT and business stakeholders to improve finance processes, reconciliations, and reporting.
- Support initiatives to enhance the accuracy and efficiency of financial and regulatory reporting.
- Identify opportunities to streamline finance processes and strengthen internal controls.
- Perform data analysis to identify trends, exceptions, and opportunities for operational improvement.
5) Team Collaboration
- Provide guidance and support to the team on accounting and reporting matters.
- Review accounting schedules and reconciliations prepared by junior team members where assigned.
- Collaborate with cross-functional teams to ensure timely completion of finance deliverables.
- Share knowledge and contribute to continuous improvement within the finance team.
6) Ad-hoc Projects
- Participate in finance transformation and process improvement initiatives.
- Support implementation of new accounting standards and regulatory reporting requirements.
- Support management with ad-hoc financial analysis, reporting, and special projects.
Requirements
- Degree in Accountancy, Finance, or a related discipline.
- Professional qualification such as CA Singapore, CPA, or ACCA would be an advantage.
- 3 to 6 years of relevant finance and accounting experience, preferably in audit, insurance, healthcare and financial services.
- Strong knowledge of general ledger accounting, month-end and year-end closing, and financial reporting.
- Experience in preparing MAS regulatory returns or supporting regulatory reporting for insurers or financial institutions would be an advantage.
- Exposure to insurance accounting, premium billing, claims accounting, reinsurance, or policy administration would be an advantage.
- Experience in preparing balance sheet reconciliations, statutory financial statements, and supporting external audits.
- Good understanding of SFRS(I)/IFRS, MAS regulatory requirements, GST, and internal control principles.
- Proficient in Microsoft Excel and ERP/accounting systems; experience with reporting and data analytics tools is an advantage.
- Strong analytical, problem-solving, and organisational skills.
- Hands-on, meticulous, and able to manage multiple priorities while meeting reporting deadlines.
- Good interpersonal and communication skills, with the ability to work effectively with internal stakeholders across other departments.
