Manage end-to-end ILP investment operations, ensuring compliance with regulations, overseeing fund accounting, and leading product launches while minimizing operational risks.
Key Responsibilities
End-to-End ILP Investment Operations Ownership
- Own the complete ILP operational workflow, including:
- Fund order placement and execution
- Subscription/redemption processing
- Corporate actions and lifecycle events
- Cash management and reconciliation
- NAV 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 quality
- Workflow efficiency
- Automation 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
- 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
Top Skills
Cpfis
Fund Accounting
Ilp Structures
Investment Operations
Mas Regulations
Income Insurance Singapore, Singapore, SGP Office
75 Bras Basah Road, Singapore, Singapore, Singapore, 189557
Income Insurance Singapore, Singapore, SGP Office
1 Paya Lebar Link, #07-01 PLQ 1 Paya Lebar Quarter, Singapore, Singapore, Singapore, 408533
Income Insurance Singapore, Singapore, SGP Office
2 Tampines Central 6, #01-01 NTUC Income Tampines Point, Singapore, Singapore, Singapore, 529483
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