Assistant Manager, Finance (Management Reports)

Job Description - Assistant Manager, Finance (Management Reports) (230001T3)

Job Number:

230001T3

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as a Assistant Manager, Finance (Management Reports).

Job Purpose

Responsible for the accurate and timely monthly accounts closing of Investment Linked (IL) Funds and preparation of the Company’s regulatory/statistical reports to Bank Negara Malaysia (“BNM”).

The Job

• To monitor and close the monthly investment accounts for IL and Life Funds.
• Prepare the monthly BNM ICSS return, statistical reports e.g. Statement of Investment Position (IIP), Statement of Overseas Account (OA), Statement of Inter Company Account (IA), and any other regulatory reports as assigned.
• Prepare the Company’s Risk Based Capital (RBC) computation.
• To assist in the preparation of the Investment Linked (IL) financial statements by the prescribed timeline.
• Prepare the daily Investment Linked funds cash flow transfer and review the daily IL Net Asset Value (NAV) from custodian bank.
• Prepare Group's Insurance Capital Standard (ICS) statistical returns by the timeline stipulated by Group.
• Prepare Risk Based Capital computation based on Singapore's MAS 133, Notice on Valuation and Capital Framework for Insurers (RBC2).
• Prepare the consolidated financial statements for the Company's holding company, Great Eastern Capital Sdn Bhd (GEC).
• Prepare the monthly and quarterly consolidation pack for OCBC reporting and half-yearly GEH reporting pack by deadlines as prescribed by Group finance.
• Prepare the computation of the quarterly provision for Expected Credit Loss (ECL) for corporate loans measured at amortised cost and FVOCI fixed income securities based on MFRS 9.
• Prepare bank reconciliations for Citibank investment bank accounts (local and foreign) and investment accounts for IL funds and reconciliation of Eagle system. Ensure all reconciliation items are cleared within 1 month.
• Perform annual review/update on Standard Operating Procedures (SOPs).
• Review Financial Reporting Standards (MFRSs) that are relevant to the Company’s functions and its impact on the Company’s financial statement.
• Assist in coordinating the Company’s Related Party Transactions (RPT) reporting and prepare regulatory and Group reports in relation to RPT.
• Assist Assistant Vice President (AVP) and Manager in any other duties as and when required.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns/risks and proactively shares best risk management practice.

Our Requirements

• Tertiary qualification with a recognised local or overseas university or full qualification in Professional Accounting (e.g. ACCA, CIMA, MICPA, ICAEW).
• At least 3 to 4 years working experience in a financial institution preferably life insurance or established audit firm.
• Proficient in the Financial Reporting Standards and its applications to financial statements.
• Familiar with a computerised accounting environment and be conversant with personal computer software such as Microsoft Word, Excel and PowerPoint.
• Key knowledge: Financial Systems, Oracle Financial System (OFIN), TM1 system, BNM ICSS, FPMS, Life Asia and MBS 400, BNM’s guidelines, Financial Reporting Standards.
• Competencies: Problem solving, interpersonal skills, financial accounting and reporting, financial procedure and regulations, financial transaction processing, analytics and numeracy, passion for excellence, proactiveness, analytical thinking, concerns for order and quality, teamwork and cooperation.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative, and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make.