ECICSLIMITED is a leading provider of general insurance solutions in Singapore. With a strong focus on customer service and innovation, we strive to offer our clients tailored insurance products and exceptional support. As a dynamic and forward-thinking organisation, we are committed to the continuous development of our employees and the growth of our business.
As part of our continued growth, we are seeking an experienced Finance Executive to support the daily financial operations & reporting of the Company, ensuring accuracy, compliance, and timely reporting. This role is critical in maintaining strong financial controls and supporting business growth within a regulated general insurance environment.
Key Responsibilities
Financial Control & Close
Coordinate and support month-end and year-end close: general ledger review, journal entries, trial balance, accruals and provisions
Maintain the chart of accounts and ensure the integrity of the GL
Prepare statutory financial statements under the applicable accounting framework (IFRS/SFRS(I)), including relevant insurance contract accounting requirements, for review by the Head of Finance
Perform and support accounting assessments relating to insurance and reinsurance contracts, including premium recognition, claims liabilities and reinsurance accounting, and prepare supporting documentation for significant accounting judgments
Regulatory Reporting
Prepare regulatory returns and solvency/capital adequacy submissions for review and sign-off by the Head of Finance
Monitor the regulatory reporting calendar and coordinate the required information and supporting schedules to ensure filings are submission-ready ahead of deadlines
Highlight potential reporting issues or exceptions to the Head of Finance for review.
Review & Controls
Review premium, reinsurance, and cash reconciliation work prepared by other finance staff for completeness and accuracy before incorporation into the statutory accounts.
Maintain and evidence internal controls over financial reporting; support external and internal audit requests
Flag control gaps or single points of failure to the Head of Finance proactively
Management Reporting & Support
Support preparation of management accounts, board packs, and combined ratio/loss ratio analysis where needed
Liaise with external auditors, tax advisors, and the outsourced actuarial function on data requests and queries
Provide accounting and reporting support to the Head of Finance on operational and ad-hoc finance matters.
Required Qualifications & Experience
Professional accounting qualification (CA, ACCA,CPA, or equivalent)
Minimum 5 years of relevant finance/accounting experience is essential
Candidates with at least 2 years of experience in the General Insurance or Reinsurance industry are highly preferred and will be given priority consideration.
Working knowledge of insurance contract accounting (IFRS 17 or equivalent) and regulatory reporting regimes (e.g., MAS requirements if Singapore-based)
Experience preparing statutory accounts in an audited environment
Able to work independently in a lean Finance team, exercise sound judgement within established policies and processes, and proactively identify and escalate issues when required.
Working knowledge of Generative AI tools and the ability to use AI prompting techniques to support day-to-day finance, reporting and analytical tasks will be an added advantage.
ECICS Limited (Member of IFS Capital Group)
ECICS has a uniquely Singaporean heritage, set up in 1975 by the Singapore Government to encourage and support the growth of small and medium enterprises (SMEs) through providing export credit insurance during Singapore's developing years. In 2013, ECICS became a fully licensed general insurer (under the Monetary Authority of Singapore) to underwrite a full range of general insurance product lines.
ECICS is now a subsidiary of IFS Capital Limited (an SGX-listed Southeast Asian financial group) and part of the PhillipCapital Group. ECICS remains truly Singaporean at our core, loyally serving our home market by providing insurance protection for families and companies.