Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment solutions through its dollarDEX and Navigator platforms. The mobile-first Singlife Account – with a Singlife Debit Card – allows customers to save, spend, earn and be insured all in one app.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance, affirming its commitment to finding a better way to sustainability.
First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
In a team of 5 reporting to the Vice President, the successful candidate will oversight of the administration of commission payments to partners for Singapore Life Ltd.
Key Responsibilities
•Ensure commission payments are processed timely and accurately
•Provide business operations support relating to commission
•Ensure accounting entries pertaining to payments are captured timely and accurately in systems
•Ensure all requests and enquiries pertaining to commission payments are promptly addressed
•Constant review and improve controls to ensure relevance
•Constant review in processes to identify improvement opportunities
•Provide support in project testing according to timelines
•Responsible in the documentation of key processes and controls
•Exercise prudence and highlight any suspicious transactions/ risk
•Responsible for communicating with internal and external stakeholders on audit matters
•Support year end filing of IRAS for partner’s commission income
•Ensure compliance with all applicable laws and regulations relating to the above functional activities.
Requirements
Experience
•Has 1-3 years of good working knowledge in finance operations/ payable functions
•Individual should be detail oriented, with strong time management skills
•Knowledge of internal control principles and practices
•Highly motivated with ability to work independently and in a team environment
•Excellent communication skills, both written and verbal.
•Comfortable to work with a wide range of stakeholders, both at individual and team level
•Good understanding of insurance products and impact on finance related functions
•Good working knowledge of AS400, Elixir, FNZ, Oracle
Education
- Minimum Diploma in Accountancy / Finance / Business
