China Life Insurance (Singapore) – Finance (Operation) Intern

Company
China Life Insurance (Singapore)
chinalife.com.sg
Designation
Finance (Operation) Intern
Date Listed
19 Jul 2022
Job Type
Entry Level / Junior Executive
Intern/TS
Job Period
From Aug 2022, For At Least 4 Months
Profession
Accounting / Auditing / Taxation
Industry
Insurance
Location Name
Raffles Place, One Raffles Place, Singapore
Address
1 Raffles Pl, Singapore 048616
Map
Allowance / Remuneration
$800 - 1,100 monthly
Company Profile

Established in 2015, China Life Insurance (Singapore) Pte. Ltd. is a licensed life insurer which is regulated by the Monetary Authority of Singapore. As part of China Life Insurance (Group) Company ("China Life") which is the largest state-owned financial insurance corporation in China, we are backed by its financial strength and established heritage^. For 19 consecutive years, China Life is a Fortune Global 500 company, ranking 32 in 2021. It is an influential global brand with a brand value of RMB 436.672 billion*.

Our parent company, China Life Insurance (Overseas) Company Limited ("China Life (Overseas)") is a wholly-owned subsidiary of China Life. It has grown to become one of the largest financial institutions in Hong Kong with an asset value of more than HKD 456.3 billion (December 2020) and its premium income exceeded HKD68.9 billion in 2020. China Life (Overseas) has extended its footprint in Southeast Asia region in recent years, and established subsidiaries in Singapore and Indonesia in 2015 and 2018 respectively. Its financial rating by Moody's was "A1" (insurance financial strength rating in December 2021) and by Standard & Poor's was "A" (long-term local currency issuer credit rating and insurer financial strength rating in December 2021).

Job Description

To learn and understand about Finance Operations in Life insurance company

Roles and Responsibilities:

  • Learn about the main processes in Finance department e.g Accruals, month-end activities, reporting & analysis
  • Learn about the annual budgeting process
  • Learn about reinsurance
  • Have an appreciation for the new insurance financial reporting standards
  • Participate in transformation of Finance processes

Minimum Job Requirements:

  • Undergraduate from Accountancy, Finance or Business programme
  • Strong excel skills
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