Executive, Investment Accounting and Cash Management
PURPOSE OF THE ROLE
Assists the Manager on the fund operations, investment accounting and cash management functions of Aviva Ltd.
Supports the Navigator and ILP businesses under the fund operational functions to ensure timely delivery of critical outputs and smooth business operations.
Liaises with external auditors on MAS 307 audit.
Keeps abreast of updates to regulations and ensures proper documentation and implementation where applicable.
Supports the Bank Reconciliations for a minimum of 10 bank accounts.
Responsibles in ensuring all transactions are properly accounted for in timely manner as well as ensuring all reconciling items are properly explained, follow-up and closed within a reasonable timeline. She/he is fully accountable in solving all sub-ledger discrepancies within a timeline. He/She will be assisting the formulation and implementation of follow-up procedure and proposed appropriate action to resolve unreconciled issues.
Assists in documentation of key processes and controls in maintenance of chart of accounts, book close and to actively look to improve the workflow and processes with a view of minimising control weakness whilst improving efficiency and ensuring accuracy of interface data.
Attends to regular meetings with other departments for new products launches or system implementation.
Ensures the accuracy, completeness and timeliness of UK, statutory and regulatory investment reporting.
Participates in ad-hoc projects as and when assigned.
Keep abreast of developments in industry, regulatory and group and finance best practices.
Effect the work process of investment accordingly and ensure controls are effective and efficient;
Develop clear documentation reporting and control processes;
Develop clear documentation on bases used in adopting/applying relevant FRS or regulations by Aviva businesses;
Reports to auditors
Effective Risk Management/Governance
Compliance with Aviva Group financial control framework, accounting standards, insurance & investment regulations in Singapore.
Team size – 6
RELATIONSHIPS (INTERNAL & EXTERNAL)
All departments in the organization, in particular other departments within CFO Office, Actuarial Dept.
Regulators in Singapore
Degree in Accountancy, Finance, or Business Administration
Strong business analytical skills and excellent problem solving skills
Strong process improvement knowledge and exposure to shared services
In-depth knowledge of internal control principles and practices
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 understanding of insurance products and the impact on finance related functions
Good working knowledge of AS400, and Coda Financials
Working knowledge of regulatory environment in Singapore
Strong team management experience
Versatile and resourceful to resolve issues
Experience of process documentation
In-depth knowledge of chart of accounts structure and hierarchy mapping