Job Description

4 Shenton Way, SGX Center 2 , Singapore, Singapore, Singapore



Department
Investment Accounting
Job posted on
Jul 28, 2022
Employee Type
Permanent - Full Time
Experience range
1 year - 2 years

Singlife with Aviva 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 with Aviva 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 Advisor channels and bancassurance, Singlife with Aviva 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 with Aviva was formed by the merger of Aviva Singapore and Singlife. First announced in September 2020 and valued at S$3.2 billion, it was the largest insurance deal in Singapore at the time and created one of the largest homegrown financial services companies in the republic.
Purpose of the role Fund Operations The role holder will ensure timeliness and accuracy in the daily Investment Linked fund pricing and trade placement. Candidate is also tasked to handle dividend distributions, trailer commissions with different fund managers as well as reconciliations of fund operations. Candidate ensures reconciling items or problems are properly explained, follow-up and closed within a reasonable timeline. Bank Reconciliation The role holder will prepare a monthly summary of all the investment bank reconciliations from the service providers. Audit Candidate will prepare month end investment schedules and liaise with external auditors on compliance audit and MAS 307 audit. Documentation of Controls Keeps abreast of updates to regulations and ensures proper documentation and implementation where applicable. Performs business continuity exercise on yearly basis. Adhoc tasks Attends regular meetings with other departments for new products launches or system implementation or issues. Participates in ad-hoc projects as and when assigned. Key Responsibilities

• Timely and accurate dealing of fund operations. Adequate and constant checking points are put in place for corporate actions, trade processing and pricing. Target to have zero error tolerance and 100% timeliness.
• Improve control environment. Ensure all transactions, in relation to trade, are properly accounted for in timely manner and sent for payment. Target to have any reconciliations, identified within the following month, resolved as soon as practicable.
• Supplement documents for inspection audit within the timeline stipulated by regulators and auditors.
• Timely reporting of Operational Risk and Control Management framework
• Re-visit and suggest any risk mitigation measures or effective controls every year
• Re-visit and suggest ways to improve the process without stepping down on controls and increase efficiency every year
• Ensure compliance with all applicable laws and regulations relating to the above functional activities.

Experience

• Excellent problem solving skills
• Highly motivated with ability to work independently and sometimes in a non structured environment
• Ability to come up with “out of the box” solutions that can be presented in a structured and precise manner
• Attention to details
• Excellent communication skills, both written and verbal
• Good working knowledge of AS400, and Oracle
• Working knowledge of regulatory environment in Singapore
• Versatile and resourceful to resolve issues
• Experience of process documentation
• At least 1 year experience as a fund administrator or similar is preferred

Education

• Academic: Bachelor’s degree in accounting (preferred) / Diploma in accounting (mandatory

If you have what it takes, please do not hesitate to click apply and we will be in touch!