Manager/Senior Manager, Regulatory Reporting

  • Competitive
  • Singapore
  • Permanent, Full time
  • NTUC Income Insurance Co-operative Ltd
  • 2019-07-18

Manager/Senior Manager, Regulatory Reporting

Monthly Management Reporting of Income and subsidiaries
  • Ensure timeliness in the monthly closing process/cycle through proper coordination with various Finance sections and departments and review of monthly accounts
  • Review accounting policies and GST issues
  • Review of all MAS and GST submissions
  • Review audit schedules and reconciliation
  • Review IT system access for the Financial Reporting team
  • Review general ledger account creation and deletion request forms
  • Review proper mapping of general ledger accounts
  • Respond timely to Compliance Risk Assessments
Manage and supervise staff
  • Coach/teach staff and assist resolution of issues/critical matters
  • Ensure compliance with financial legislation and financial Reporting Standards
Monthly reconciliation
  • Ensure timely preparation and review of reconciliation of balance sheet accounts and ensuring any differences are resolved on a timely basis
Quarterly and Annual Regulatory Reporting
  • Ensure timeliness and accuracy in the submission of reports/statutory returns through proper coordination with various departments
Annual Audit
  • Main coordinator between external auditor and various departments and ensure audit timelines are met
  • Preparation and review of draft financial statements and notes to financial statements
Liaison with Regulatory Bodies and Internal Audit
  • Main coordinator and liaison in response to queries from various regulatory and government bodies in relation to the financial reports/returns and certifications submitted
  • Provide required information and documents to Internal Auditors and respond to their queries
IT System developments and enhancements
  • Support product development and business initiatives to ensure proper accounting and reporting.
  • Review results and documentation of user acceptance testing (UAT) and when necessary, perform UAT and document results
General Ledger system ownership and administration, including maintenance of fixed asset register
  • Review proper opening and closing of accounting periods in the general ledger system
  • Coordinate yearly fixed asset count exercise and follow through any outstanding issues from count
Ensure compliance with financial legislation and standards
  • Review controls on the general ledger system administration process and respond to issues highlighted by internal Finance Business Analysis Unit
  • Ensure system access are reviewed on a timely basis with proper segregation of duties
  • Regular risk assessment and implement strong controls in the reporting process
  • Keep abreast of changes or updates in regulations and financial reporting standards
Staff management and development


Perform other duties that may be assigned from time to time to time, including involvement in projects


Qualifications
  • Degree in Accounting
  • Chartered Accountant of Singapore
  • Have at least 12 years of relevant experience
  • Experience in life insurance is a must
  • Experience in managing a team
  • Have an eye for details
  • Likes to challenge status quo
  • Has good and communication and interpersonal skill s