Assistant Manager/Senior Executive, Finance (Bank Reconciliation) at NTUC INCOME INSURANCE COOPERATIVE LIMITED

, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

01 Mar, 26

Salary

0.0

Posted On

01 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Bank Reconciliation, SAP, Microsoft Excel, Analytical Skills, Problem-Solving Skills, Cash Management, Financial Controls, Team Leadership, Process Improvements, Project Management, UAT Testing, Automation, Compliance, Mentoring, Coaching

Industry

Insurance

Description

Key Responsibilities include: Perform and review daily/monthly bank reconciliations Investigate and resolve discrepancies and variances Process manual journal entries relating to banks in SAP system Ensure all bank-related transactions are properly accounted for and outstanding items are cleared up on a timely basis Liaise with relevant stakeholders on adjustments, queries & variances Support UAT and system enhancements Prepare reconciliation statements and reports Assist during audits and respond to queries Oversee and review daily and monthly bank reconciliation activities performed by the team Validate accuracy and completeness of reconciliations, journal entries, and variance resolutions Lead testing and quality assurance for system enhancements, process changes, and UAT activities Drive automation and process improvements to enhance efficiency and reduce risk Manage cash flow forecasting and fund transfers Ensure compliance with regulatory requirements and internal policies Serve as escalation point for complex issues and partner with business units to resolve reconciliation issues and improve end to end processes. Liaise with auditors, regulators, and internal stakeholders on reconciliation and treasury matters Prepare and review reconciliation statements Act as deputy for the Bank Reconciliation ensuring continuity of operations Supervise, mentor and provide coaching for junior team member Qualifications: At least 4-5 years of experience in Finance/Accounting role Possess a Degree/Diploma in the field of Finance/Accounting Advanced knowledge of SAP and proficiency in Microsoft Excel Good analytical and problem-solving skills Strong expertise in bank reconciliation, cash management, and financial controls Proven ability to lead teams is highly preferred and drive process improvements Proven experience in managing projects and leading UAT/testing activities

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Responsibilities

The Assistant Manager/Senior Executive will perform and review daily and monthly bank reconciliations, investigate discrepancies, and ensure timely resolution of outstanding items. They will also oversee the reconciliation activities of the team and drive process improvements for efficiency.