Financial Accountant (reinsurance/up to $5.5k)(ID: 502971) Financial Accountant (reinsurance/up to $5.5k)(ID:  …

PERSOL Singapore
in Singapore
Permanent, Full time
Last application, 20 Oct 20
5500 Per Month
PERSOL Singapore
in Singapore
Permanent, Full time
Last application, 20 Oct 20
5500 Per Month
Our client, a Reinsurance firm is hiring a new Financial Accountant for their team.

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 reviews 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 and claims and related transactions in both the reinsurance accounting systems and the general ledger
  • Liaise with global reinsurance operations and claims teams to troubleshoot complex issues and ensure processes are efficient and meet S.O.X. 404 requirements
  • 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
  • Assist with the timely monthly and quarterly close of the reinsurance systems
  • Liaise with the reserving team and assist with the quarterly reserving processing ensuring accuracy of data inputs in the financial systems
  • Perform ongoing analysis and monitoring of reported claims
  • Prepare and reconcile losses recoverable and ceded quota share cessions on a quarterly basis
  • Assist with monitoring of complex, internal and external cessions and other adhoc support as needed
  • Perform detailed analysis and monthly/quarterly reconciliation of assumed/ceded premiums and claims to ensure a thorough understanding of reported results, troubleshooting any issues through to a successful conclusion
  • Assist with premium and receivable reconciliations on a monthly basis
  • Participate in on-going refinement/improvements of business processes, analytical tools and the reinsurance accounting platform ensuring that the Singapore team needs are met

Financial Accounting

  • Complete aspects of the monthly and quarterly consolidation and close processes
  • Ensure appropriate SOX 404 processes exist and are followed for preparation and submission of financial data
  • Support the continued enhancement and on-going development of various financial systems
  • Support the preparation of detailed analysis, journal entry bookings and monthly/quarterly reconciliations to the general ledger, including bank and intercompany reconciliations
  • Assist in the booking of monthly investment journals and reconciliations
  • Assist with the preparation of budgets and other financial plans for management information and group reporting
  • Assist with annual GAAP and Statutory financial statements and the coordination of the annual audits
  • Liaise with internal and external auditors and vendors

Operations

  • Processing in the reinsurance accounting platform, including booking of claims, as well as policies and bordereaux as necessary

Strategic Projects

  • Perform adhoc accounting projects and provide support to the global Finance team as needed


Requirements:

  • A university degree is essential with emphasis on business, finance and accounting
  • Prior Finance / Audit experience within insurance industry or handling of insurance clients will be preferred

     

Interested individuals please apply or send in your resume to Eden.koh@persolsg.com
 
We apologise that only shortlisted candidates will be contacted.
 
EA License No. 08C2893 • RCB No. 200701282M  • EA Registration No. R2092024 (Koh Eden)

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