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Deputy Manager / Senior Financial Accountant

Job Level:  Professional
Location: 

Singapore, SG, 068897

Due Date:  As soon as possible
Area of Expertise:  Finance & Accounting
Unit:  Allianz Global Corporate & Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  6078

From airplanes, satellites, the world’s biggest ships and tallest buildings, to cyber-attacks, natural catastrophes or climate change, Allianz Global Corporate and Specialty (AGCS) has got the major risks fully covered when it comes to protecting businesses.

 

Are you interested in joining our adventure by becoming our new Deputy Head of Accounting, Singapore / Senior Financial Accountant, based in our Singapore office?

 

Key Responsibilities

 

Global P&L Analysis and Reviews

  • Assist internal clients (e.g. other departments) with reports, research and other activities.
  • Identify items or discussion or resolution.
  • Respond to audit and regulator queries on a timely basis.

 

Governance and Quality Assurance

  • Archive records to satisfy audit and statutory requirements.
  • Document application of policies, procedures and workflow for assigned areas of responsibility.
  • Draft standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures.
  • Maintain oversight of the data structure of source and general ledger systems to ensure accurate reporting of financial information.

 

Manage Relationship with 3rd Parties (Auditors, Business Units, Public Authorities, Tax Authorities, etc.)

  • Support the building of trust with external stakeholders including auditors and regulators.

 

Project Work

  • Implementation of IFRS17 with respect to IFRS ledger and local statutory reporting.
  • Implementation of new systems and processes impacting the flow of financial information.

 

Reporting and Closing

  • Coordinate month-end closing activities to ensure insurance-related journal entries postings (e.g. IBNR, UPR) and account reconciliations are completed on a periodic basis.
  • Coordination, transfer and reconciliation of data from interfaces of front-end systems.
  • Ensure that all IFRS, GAAP and Statutory closing and reporting tasks (e.g. annual report, MAS General Insurance reporting including RBC2, statutory reporting) are accurately and timely.
  • Ensure that the balance sheet has reconciliations for all positions.
  • Reconcile and settle intercompany transactions within the affiliated company group.
  • Take care of monthly legal entity close submission activities, including posting of accruals, deferred

acquisition expenses and other accounting transactions.

  • Timely execution and fulfillment of internal and external reporting requirements with minimal errors.

 

Key Requirements / Skills / Experience

 

Required Experience:

  • Professional experience in Asset Management, Property & Casualty Insurance, and / or Reinsurance.
  • Proven understanding of standard accounting (GAAP & IFRS) for insurance and reinsurance.
  • Project and team work in a dynamic and international environment.

 

Required Education:

  • Excellent tertiary qualification (ideally Master), preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline.
  • For UK / US: Recognized professional qualification related to Accounting (e.g. CPA, etc.).

 

Technical Skills:

  • Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.
  • Advanced Excel and PowerPoint skills to effectively analyze data and convey messages in a winning fashion.
  • Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) with regards to reporting, compliance and declaration.
  • Understanding insurance financial statements and their performance measurement including Drivers.

 

General Skills:

  • Analytical Thinking and Numeracy: Ability to identify patterns and root causes in complex (e.g. ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations.
  • Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).
  • Problem Solving Ability: Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.
  • Project Management: Ability to manage projects (milestone and task planning, managing resources, project controlling, monitoring, and reporting, moderation techniques) and to develop solutions while considering complex stakeholder structures and requirements 

 

 Languages:

  • English & Local Language

 

More about Allianz & AGCS

 

The benefits of joining AGCS:

 

  • Hybrid working model, which recognizes the value in a balance between remote and office-based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance
  • A competitive compensation and benefits package
  • Continuous learning: A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: You will be accepted for who you are and empowered to use your voice to help others find theirs

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

 

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.

 

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.