Assistant Manager, IFRS 17 Project
The New York Times Company
Singapore
3d ago

PURPOSE OF THE ROLE

  • To assist the team lead of the IFRS 17 project in the implementation of the new insurance accounting standard for the Company.
  • Responsible for project management i.e. coordination of activities between the different teams (mainly IT, Actuarial and Finance), as well as with Aviva Group.
  • Coordination with IT, which includes understanding the data flow in the source systems, in order to extract the data required for the implementation of the new Standard.
  • Strategic

  • Successfully execute the projects assigned to achieve strategic objectives management of key performance results with the new accounting Standard.
  • Operational

  • Assist the team leads to review the new work process and controls (including documentation of SOPs for IT, finance and actuarial) with the new systems and work flow.
  • Successfully execute the projects assigned to achieve strategic objectives
  • Effective Risk Management / Governance

  • Ensure analyses and outputs are documented and supported by reasonable bases. Ensure information provided to various parties comply with internal guidelines, regulatory requirements and Group requirements, where applicable.
  • OUTCOMES

  • Develop an understanding the Company’s finance and accounting processes, terminology, workflows, system functionalities, parameters and interfaces, and implement changes as necessary for the roll out of the new Standard.
  • Participate and actively listen during training and calls with Group to understand key messages and implementation solutions
  • Propose technical solutions against business requirements for the roll-out of the new Standard
  • Participate actively in the UAT phase and ensure that system and testing related outputs are accurate
  • Result oriented with a sense of urgency to follow up with project-related matters to resolution and proactively report any concerns or unresolved issues that may lead to service interruption or project delays
  • KEY PERFORMANCE INDICATORS

  • Timely execution of project plan
  • Pro-active engagement with Group and others (e.g. Consultants, industry discussions) and ensure that one keeps up to date with developments in the industry on the implementation of the Standard.
  • Ensuring compliance to group standards / process controls and sign off.
  • Escalating key issues to senior management in a timely manner.
  • SYSTEMS AND CONTROLS

  • To assist in the local rollout of the new solution for the implementation of the new standard (global build within the Group)
  • Review and implement enhancements in the existing system and controls
  • To ensure the quality and efficiency of all the financial reporting and actuarial processes.
  • RELATIONSHIPS (INTERNAL & EXTERNAL)

  • Work closely with the Finance / Actuarial / IT teams on various business and technical issues related to the new Standards.
  • Manage relationships with Aviva Asia Regional Office and Group
  • QUALIFICATIONS

  • Degree in Accountancy / Finance / Business / Economics
  • ACCA / CIMA or equivalent (part qualified)
  • CPA preferred (part qualified)
  • KNOWLEDGE / EXPERIENCE

  • Experience in working with source systems data extraction and investigation (preferably AS400)
  • Knowledge of insurance (or financial services) operations
  • Solid experience in Requirement gathering and documentation experience
  • Experience transforming Business requirements to technical requirements
  • Familiarity with reporting tools, data warehousing concepts and data models (AS400)
  • Basic understanding of finance / accounting processes
  • Basic understanding of insurance products and insurance product-related operations
  • Process-minded
  • Experience with Oracle preferred
  • At least around 5 to 8 years of working experience
  • Apply
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