Senior Financial Accountant, Financial Reporting (10 month contract)

Job Title

Senior Financial Accountant, Financial Reporting (10 month contract)

Job Description

The Role

The Senior Financial Accountant, Financial Reporting role sits within our Pacific Life Re (PL Re) Financial Reporting and Tax team, reporting directly to the Manager, Financial Reporting. The role will be based in Singapore and will include hybrid working arrangement (4 days a week in office). 

The role supports the Financial Reporting team in delivering external reporting requirements to various reporting to government bodies (MAS, IRAS, and ACRA) for reinsurance entities and cross-charges.  The role is pivotal in ensuring compliance with statutory, regulatory, and technical accounting standards in the insurance industry. The position also encompasses tax compliance, accounting analysis, and audit support.

This role serves as a key contributor to the financial and regulatory reporting and supporting finance-related project activities as required.

Duties

Financial Reporting

• Assist in the preparation of financial statements and MAS returns (quarterly/annually) for statutory and regulatory reporting, ensuring process integrity and continuous improvement.
• Assist on all tax preparation including corporate tax computation, GST returns, withholding taxes and other tax filings as well as queries from IRAS for insurance entities.
• Monitor developments in accounting standards and regulatory requirements, assess their impact on financial reporting and implement necessary changes.
• Maintain efficient, systematic filing and documentation processes.
• Drive process optimization for greater efficiency.

Audit & Compliance

• Plan and coordinate audit processes to ensure timely regulatory reporting.
• Liaise with internal and external auditors, ensuring compliance with accounting and financial regulations.
• Maintain and implement internal controls to safeguard assets and ensure accurate reporting.

Business Support & projects

• Contribute to finance transformation projects, supporting process improvement and system integration efforts.
• Manage and participate in ad-hoc projects and cross-functional initiatives.

Qualifications & Experience

• Possess a Degree in Accountancy or equivalent
• At least 5 years’ experience in financial operations and/or reporting of life insurance / reinsurance companies
• Good understanding of the Singapore FRS and MAS reporting bases
• Good understanding of the MAS regulatory framework
• Good understanding of corporate, GST and withholding tax regulations
• Very strong sense of internal controls and procedures
• Proficient in English and able to communicate effectively with people from different countries and cultures
• Work well in a team environment
• Organised, deadline focused, meticulous with an eye for detail and able to work with minimum supervision
• Ability to manage ad-hoc, non-standard and often unstructured requests, at short notice
• Motivated to take ownership of work and to seek further responsibilities
• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Office) and account software e.g. Oracle PeopleSoft

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

Leave

• 23 days of annual leave with option to buy/sell more days

• Adoption and fertility leave 

• Generous enhanced parental leave  

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Term Life Insurance coverage of 5x basic annual salary, Group Accelerated CI of 1x annual basic salary and Group Accidental Death & Dismemberment of 3x annual basic salary 

• Optical & Dental benefits 

• Additional flexi benefits

Wellness

• Access to Employee Assistance Program 

• Time off for volunteering 

• Charitable matching of employee donations

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.



As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please click here to view our company values