Associate, Finance Operations - Group B40 (GETB)

The Finance Associate supports the mySalam team in overseeing finance activities to ensure all outputs are complete, accurate, timely, compliant and well controlled. The role also supports daily monitoring, reconciliation, coordination and issue management related to mySalam Finance.

Key responsibilities:

• Prepare month end closing journals for mySalam such as claims, cashflow, expenses, assets, provision and other related entries.

• Prepare and produce monthly Interfund Settlement working for mySalam Operator.

• Perform reconciliation of mySalam accounts including system records, sub-ledger, GL and statements on monthly basis.

• Assist in preparing mySalam management accounts or financial reports.

• Review and validate mySalam payments, statement of accounts and other finance documents when required.

• Provide inputs for management and regulatory reporting to ensure full compliance with applicable accounting standards and regulatory requirements.

• Participate in User Acceptance Testing (UAT) for mySalam finance automation initiatives, system enhancements and defects resolution.

• Assist in reviewing and updating finance mySalam standard operating procedures (SOPs), and support responses to audit requests.

• Participate in finance-related projects and perform ad hoc tasks or requests as and when required.

• Identify potential issues or risks and proactively highlight improvement opportunities to Finance Operations lead.

• A bachelor’s degree in Accounting, Finance, Business or a related discipline.

• 1-2 years of relevant experience in financial operations, shared services or outsourced finance environments, preferably within insurance, takaful, financial services, or a regulated environment.

• Hands-on experience supporting finance operational activities, including general ledger postings, journal entries, account reconciliations, ageing reports and sub-ledger to GL reconciliations

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

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 Banker.