China Life Insurance Company Singapore (CLIS) aims to cultivate a strong sense of belonging among all employees through a people-oriented corporate culture.
Position Objective:
- Ensure accurate and timely accrual of expenses and fixed assets
- Ensure expenses are recorded in accordance to MAS320
- Ensure timely reporting of Actual vs Budget
Job Description:
- Review accrual of expenses and fixed assets. Ensure expenses coded to correct insurance fund and cost center. Ensure lease is accounted in accordance to FRS16
- Review payment of expenses and commissions. Ensure all payments are duly approved. Ensure payments are disbursed from appropriate bank accounts to minimize inter-fund transactions
- Prepare accrual journals and pre-payment schedule for monthly closing. Monitor and reverse accrual and pre-payment on timely basis
- Perform monthly expense allocation and true-up at year-end
- Perform recording and settlement of inter-fund settlement
- Prepare Actual VS. Budget reports required by HK Head Office
- Monitor and prepare expense reports at department level. Perform analysis to explain flux
- Perform reconciliation for commissions between SAP and distribution system
- Maintain SAP accounting period
- Support on year-end audit, prepare audit schedules for accrual, non-policy payables, prepayment, fixed assets and Agency incentive amortization
- Any other duties as may be assigned
Job Requirements:
- Bachelor's Degree or higher in Accountancy, Finance. CPA/ACCA member is preferred.
- 4-6 years relevant Finance and accounting experience
- Proficient in SAP, excel, word and powerpoint
- More than 3 years experience in insurance finance operations
- Good to have experience in process automation and RPA tools.
- Fluent in both spoken and written English and Chinese
