Job Description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

This role main responsibility is to support the Head of Finance Operations on (1) Procurement and Account Payable (“AP”) functions and (2) General Insurance (“GI”) Finance Operations function of FWD Singapore Pte. Ltd (“FWDS”), to ensure compliance with procurement process and quality & timely delivery of all finance operations deliverables.

KEY ACCOUNTAIBILITIES

• Manage Finance Operations functions for GI business on receipting, distribution and policy-related payments for all distribution channels.
• Review month-end closing journals including payroll entries, bank and system related balance sheet reconciliations with aging analysis to ensure balances are accurate.
• Manage procurement process on supplier onboarding; supplier management; supplier evaluation and handling of internal query from business function users relating to procurement process.
• Ensure timely and accurate payment to vendor and staff reimbursement.
• Manage day to day cash position of the Company including projections to ensure sufficient liquidity maintained and perform monthly interfund settlement
• Manage bank mandate and bank signatories.
• Participate in projects UAT (User Acceptance Testing), not limited to Oracle Procurement/Staff reimbursement and GI operations
• Maintain up-to-date process flows and SOPs as well as actively look for process improvements relating to operational effectiveness and efficiency within the team.
• Mentor and provide guidance to team members as required.
• Duty cover on commission related matters.
• Any other tasks/duties as assigned by Head of Department.

QUALIFICATIONS / EXPERIENCE

• Qualified Accountant with at least 8 /10 years of relevant working experience
• Experience and in depth knowledge of insurance industry and insurance accounting, preferably for both GI and Life insurance products
• Good knowledge of Finance Operations process flow and internal controls
• Proven leadership and team management experience.
• High personal levels of motivation and delivery orientated focus, with good aptitude in decision-making, problem-solving and strategic agility.

KNOWLEDGE, SKILLS & ABILITY

• Strong communication skills
• Resourceful and good stakeholder management
• Good knowledge of Oracle accounting system and policy systems (including AS400, eBao) and strong IT knowledge and excel skill is preferred.
• Good accounting knowledge and experience of best practice within industry to consistently improve delivery within department.
• Ability to multi-tasks, well-organised and systematic