Senior Analyst, Cash Management and Reconciliation

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Responsibilities

• Financial Closing of Singapore Life Ltd

He/She will prepare journals such as bank charges, merchant fees, bank revaluation every month end closing.

• Bank Reconciliation

He/She will perform minimally 20 bank reconciliations using bank tool on monthly basis. He/She ensures reconciling items are properly explained, follow-up with relevant stakeholders within a reasonable timeline. He/She will collaborate with the vendor to onboard new bank reconciliation, resolve discrepancies, update matching rules. He/She will monitor service performance against SLAs, proactively addressing issues and escalating where necessary.

• Cash Management

He/She is also responsible for managing the cashflow across all Singlife’s business in Singapore to ensure optimal usage of the cash float in order to maximise returns. He/she performs daily cash projections to ensure that entries are entered into the system timely and accurately.

• Documentation of key process and controls

He/She will update process and controls on quarterly basis by actively looking for improvement in workflow with a view of minimising control weakness, whilst improving efficiency and ensuring accuracy and integrity in the reconciliations. If there is any inspection, he/she will play the key support member for bank reconciliation to assist internal auditors or second line of defence.

• Audit

He/She will assist his/her reporting line for external and internal audit in relation to bank reconciliations.

• Adhoc tasks

To participate in ad-hoc assignments or role rotation within Investment Accounting, Fund Operations and Cash Management team.

Requirements

• Experience
• Excellent problem-solving skills
• 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 working knowledge of AS400, and Oracle
• Versatile and resourceful to resolve issues
• Experience in process documentation and software tester
• Education
• Academic: At least Diploma in accounting
• Professional Certification(s): NIL (preferred / mandatory)
• Complete Fit & Proper assessments successfully on an annual basis at minimum, or when other adjunct appointments are made