Job Summary
Perform comprehensive general ledger accounting and reconciliation tasks to support accurate financial reporting and regulatory submissions for Singapore Re and its branch entities. This is a 6-month contract position
,
with the potential for conversion to a permanent role.
Responsibilities
Post transactions and update general ledger reports to maintain accurate financial records
Prepare prepayment schedules, shareholders’ reports, and quarterly interfund settlements to enhance financial transparency
Reconcile general ledger accounts to verify accuracy and completeness of financial data
Raise and import journal vouchers for Singapore Re and branch entities, including inter-company settlements, inward and outward bookings, exchange differences, and cash book postings to maintain inter-entity accounting integrity
Prepare accrual and receipt schedules to accurately reflect financial obligations and receipts
Develop monthly and quarterly work schedules to organize accounting activities and meet deadlines
Process and prepare payments for MASNET charges to ensure compliance with regulatory fee requirements
Assist the reporting team in preparing and submitting MAS returns, including XFDF files, to ensure regulatory compliance
Execute ad-hoc accounting tasks assigned by the reporting team to support operational needs
Required competencies and certifications
Accounting diploma or degree (essential for foundational accounting knowledge and effective performance)
Up to 3 years of reporting or insurance background (preferred to support role-specific knowledge)
Proficient in Excel (preferred to enhance data handling and reporting efficiency)
Foot Note:
1) All personal data collected will solely be used for recruitment purposes.
2) By submitting your application, you therefore consent the company to retain the information provided for future opportunities for a limited period. Such data will be deleted or anonymized when it is no longer required for a business or legal purpose.
Singapore Reinsurance Corporation Limited (“Singapore Re”) is a general reinsuance company incorporated in Singapore in 1973 and focuses primarily on non-life reinsurance treaty and facultative business emanating from Asia including the Middle East and Indian Sub-continent.
Singapore Re has been affirmed with a financial security rating of A (Excellent) and issuer credit rating of "A" from A.M. Best, reflecting its strong risk adjusted capitalisation and high investment income ratio.
On 21 April 2021, the Company became a subsidiary of Fairfax Asia Limited and its ultimate beneficial owner is Fairfax Holdings, a public listed company headquartered in Toronto, Canada.