About the Position
Reporting directly to VP, Controller – Singapore. This role is responsible for supporting certain aspects of the financial accounting, internal controls, budgeting, and financial reporting for the company, including assuming responsibility for some areas. In this role, you will also be responsible for partnering with various functional and/or business stakeholders. The financial accountant role is based in the Singapore office.
Key Responsibilities
Reinsurance Accounting
Assist with all aspects of monthly and quarterly reinsurance premiums and claims reporting from internal business unit level reporting and legal entity review to external SEC, GAAP, and local Singapore regulatory reporting.
Assist with maintaining an appropriate S.O.X 404 control environment for the booking of premiums, claims and related transactions in both reinsurance accounting systems and general ledger and liaising with internal audit where necessary
Understanding of how technical balances are accounted for in our reinsurance accounting system, SICS.
Assisting with the monthly and quarterly close of reinsurance systems
Perform accounting reviews and analysis of reinsurance contracts to ensure appropriate GAAP accounting treatment.
Assist with technical analysis of contracts and other FASB and SEC research.
Perform detailed analysis and monthly/quarterly reconciliation of assumed/ceded premiums and claims to ensure a thorough understanding of reported results, troubleshooting any issue through to a successful conclusion.
Participate in on-going refinement/improvement of business processes, analytical tools and reinsurance accounting platform ensuring the Singapore team needs are met.
Financial Accounting
Complete for all aspects of monthly and quarterly consolidation and close processes.
Statutory reporting - MAS Returns
Good understanding of the various MAS regulations, specifically MAS 129 and 133
Responsible for the preparation of quarterly and annual returns and liaise with external auditors
Candidate will be responsible for the preparation of IFRS 17 figures for a branch in run-off.
Assist with the preparation of IFRS 17 financial statements and liaise with external auditors
Obtain a good understanding of the TB and how the figures are derived.
Support the continued enhancement of and on-going development of various financial systems.
Support the preparation of detailed analysis, journal entry bookings and monthly/quarterly reconciliation to the general ledger, including bank and intercompany reconciliation.
Assist in the management of monthly and quarterly general ledger entries.
Assist with the preparation of budgets and other financial plans for management information and group reporting.
Candidate Qualifications
Degree is essential with emphasis on business, finance, and accounting.
Professional accounting designation preferable (i.e., CA, ACA, CPA)
Candidate Experiences
Minimum 6 years of experience with 3 years of Big Four external audit experience or equivalent. Experience working with General Insurance organizations as an auditor or accountant is preferred.
Knowledge of generally accepted accounting principles (GAAP), and an understanding of GAAP for reinsurance transactions is preferred.
Experience with public companies, S.O.X 404 and IFRS 17 is preferred.
Experience with Microsoft D365, SICS reinsurance accounting systems and ResQ FR is preferred.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Top Skills
RenaissanceRe Singapore Office
OUE Bayfront, 50 Collyer Quay, #12-0,, Singapore
