At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.
It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.
And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business. Sound like you? Then read on. About the Role
The incumbent is responsible for the internal control over financial reporting, balance sheet reconciliation review, and ensuring proper governance within the Finance function through risk assessment exercise and setting of relevant controls. Key Responsibilities
(1) Internal Control over Financial Reporting (ICFR)
- Execute periodic financial controls self-assessments on ICFR for all financial reporting entities in Singapore.
- Assist process owners / stakeholders in identifying risk and control for internal control for reporting.
- Assist in ICFR audit, including participate in walkthrough session with process owners before commencement of ICFR audit.
- Assist process owners / stakeholders in finalizing audit issue.
- Follow up management action plans with process owners.
- Participate in ad-hoc projects rolled out by Group, including adoption of new risks and controls framework for ICFR, implementation of system for financial controls self-assessments.
(2) Balance Sheet Reconciliation
- Review balance sheet reconciliations and assess that all balance sheet accounts are supported with appropriate documents for all reporting entities in Singapore.
- Ensure all exposures are correctly and completely accounted for with explanations properly documented on the exposure.
- Ensure ageing analysis is properly prepared.
- Monitor and suggest resolutions where possible to ensure long outstanding exposure items are progressively resolved/addressed by process owners.
- Look into process improvements to shorten the overall turnaround time for balance sheet reconciliations preparation and review.
(3) Quarterly Financial Closing Certification
- Complete and coordinate with various stakeholders on the checklists required for financial closing certification sign off within the stipulated timeline given.
- Highlight non-compliance issues for escalation in a timely manner.
(4) Proper Governance
- Review and perform gap analysis of the internal processes which has financial impact to identify potential operational or financial risks.
- Participate in setting policies or controls to close the identified controls gaps.
- Performance of internal control assessments to ensure process is in compliance to set Policies.
- Support various teams in Finance on the operational risks and controls self-assessments.
- Participate in other ad-hoc tasks, including special review or investigations to identify areas of improvement and address control gaps.
- 4 to 7 years of relevant work experience in preferably an insurance company or financial related sector, with minimally 3 years of audits or internal controls related experience
- Degree in Accountancy (with other professional accounting qualifications such as ISCA, CPA, ACCA, CIA preferred)
- In-depth knowledge of internal control principles and risk management practices
- Basic understanding in accounting, and month end financial closing process
- Basic working knowledge of insurance regulation and operations
- Basic working knowledge of Insurance Mainframe and SAP
- Strong in Microsoft Excel and Word, Basic Microsoft Access
- Strong analytical, meticulous, investigative and problem-solving skills
- Excellent communication skills, both written and verbal
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.