Shell Regional Finance Services Manager - Pension in Singapore, Singapore
Auto req ID 55314BR
Job Title Regional Finance Services Manager - Pension
Country of Work Location Singapore
City, State (if applicable) Singapore
Work Location Singapore - Metropolis
Company Description Shell is one the largest foreign investors in Singapore and began operations in 1891. Today, we have more than 3,200 employees in Singapore alone. The Pulau Bukom Manufacturing Site today is the largest Shell refinery in the world in terms of crude distillation capacity, which makes Singapore a key regional supply and trading centre for Shell in the East.Singapore is the largest petrochemical production and export centre in the Asia Pacific region. Shell Jurong Island (SJI) manufactures petrochemicals to meet the fast-growing demand for these products in the region.We also have one of the largest single-branded retail networks in Singapore, providing customers with a wide range of quality products and services. When you join Shell in Singapore, you can count on our commitment to help you thrive and propel your career by means of our industry-leading development programme and our available and unrivalled pool of local and global experts. Our numerous global and local skill pools as well as our diversity are key to our success and continuing innovation.
Purpose & Accountabilities
Accountable for providing effective pensions management support and services to Pension Fund Managers, local Trustee Boards and Sponsor companies for Asia Pacific region. Activities will entail management of the overall day-to-day activities for assigned country pension plans, including oversight of service providers on behalf of the local Trustee Boards in line with agreed service level agreements (SLAs), maintain framework of control for Pension Funds in accordance with Group guidelines and policies. Role also acts as the controller and main reporting focal for the cost reporting, portfolio performance monitoring of pension plans.
In scope country pension plans within the region are: Australia, New Zealand, Brunei, Philippines, Singapore, Hong Kong, Thailand, Pakistan, India, China, Korea, Indonesia, Japan, Taiwan, Malaysia, and others to be assigned as local developments may require. Group Pensions is a function under the Shell Finance Treasury organisation.
This is a developmental role open to individuals with generalist Finance or Finance business partnering backgrounds. Depending on your competences and aptitude, there is opportunity to progress into a broad range of Finance roles within the wider Shell organisation in future.
Organise and effect the outsourcing and transfer of pension activities to third parties service providers in line with pension fund outsourcing guidelines where applicable
Responsible for effective execution of contracts for outsourced activities, including contract reviews and renewals
Key contracts focal and liaison between external service providers and internal HR and finance teams for day-to-day activities
Supervise service contract compliance per agreed service levels and established benchmarks & assist PFM in regular performance appraisal exercises
Develop and maintain control framework for relevant pension funds according to Group Pensions (GP) best practices including record management, contract and procurement guidelines.
Fund Accounting, Investments and General Activities:
Work with local HR & external service providers on activities that cover sponsor contribution; cash flow forecast; benefit payments & fund expenses
Prepare annual pension fund cost budgets for Trustee’s approval
Organise quarterly cost recovery of Group Pensions services for various country pension funds or Sponsor companies in accordance with agreed service level agreement between Group Pensions and serviced countries
Work with investment managers and/or custodians on regular investment performance reporting; effective asset investment / divestment process and proper asset rebalancing where applicable
Work closely with fund administrators, actuaries and auditors on quarterly management account and year end accounts preparation; IAS 19 accounting valuation and annual external audits
Oversee preparation of annual regulatory and government filings in a time sensitive manner
Assist Pension Fund Managers (PFMs) on internal pension fund audits where required
Assist PFMs in preparing materials for regular investment committee and Trustee Board meetings
Increase efficiency by identifying continuous improvement to current processes and ways of working
Key lead in coordinating Group led initiatives and projects on reporting or system upgrades
Record Management & Management Information System (MIS):
Ensure regular upkeep of pension fund records including trust deeds, benefit regulations, meeting agenda & minutes, actuarial reports, quarterly MIS reports, audited financial statements, and other key pension fund documents, within the Group Pensions data repository system
Ensure compliance with records management policies/procedure, in keeping Group Pensions MIS updated
Finance professional with a degree in Finance, Economics, Accounting, Business Administration
Minimum 3-5 years of relevant working experience in Finance, Accounting or Pensions function
Experience in investment management, banking, insurance, pension fund management, pensions consulting, or treasury will be valuable
Fluent English is required, additional languages in the East Region will be an advantage
Excellent written and oral communication skills
Ability to develop and maintain effective relationships with internal clients and external service providers
Structured, methodical approach to work, strong work planning/implementation skills
Independent, self-starter, ability to balance multiple priorities to meet key deadlines
Collaborative, strong team lead / player skills
Experience of working in global, virtual and multi-cultural teams
Contract management experience desirable
Proficient in Word, Excel and PowerPoint
No. of Positions 1
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Shell is an Equal Opportunity Employer.
Removal Date 19-Aug-2017