Manager, Finance (Management Reports)

Overview

To be responsible for the accurate calculation and timely reporting of the Company’s capital adequacy ratio based on its risk profile (specifically for Finance area), thereby ensuring compliance with regulatory requirements and providing crucial insights for strategic decision making and overall financial stability within the business.

Responsibilities

• To review the calculation of C2 Asset Risk Requirement and Financial Resource Adjustment (FRA) to ensure compliance to Monetary Authority of Singapore (MAS) Notice on Valuation and Capital Framework for Designated Financial Holding Companies (FHC) for Licensed Insurer (RBC2) by the timeline as prescribed by Group Finance Singapore office which entails :
• Market Related Risk Requirement
• Counterparty Default Risk Requirement
• To review the preparation of FHC Financial Statement submission to Group Finance based on RBC2 accounting requirements to ensure compliance to MAS regulations and guidelines.
• To review and close the monthly accounts based on RBC2 basis and ensure reconciliations are prepared within the prescribed timelines.
• To liaise with Actuarial and Group Finance on FHC related tasks, to ensure consistency with treatment adopted by Singapore entities.
• To review the preparation of stress test scenarios as and when required by Group Finance and liaise closely with Actuarial to provide output within prescribed deadlines.
• To perform annual compliance review of the RBC2 submission against the Notice to ensure that computation and classification in the working files are aligned with the requirements of the Notice.
• To be involved in the implementation of Bank Negara Malaysia (BNM) RBC 2 which includes review the requirements of BNM Quantitative Impact Survey (QIS), calculations of risk charges and submission of the information required by the timeline as prescribed by BNM.
• To review and close the monthly investment fund related accounts and ensure the necessary reconciliations are prepared within the prescribed timeline.
• To prepare and review the daily investment linked prices for the Company’s investment linked funds by prescribed timeline.

Qualifications

How you succeed

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Bank.

EEO Statement : Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Insurance

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