Financial Accountant

AIA Australia; City of Melbourne; On-site; AUD 70,000 - 90,000; Full time

Benefits offered by this job

Training and development

Flexible working arrangements

Additional leave days

Health and wellbeing initiatives

Job summary

AIA Australia is seeking a Financial Accountant to join their team in Melbourne or Sydney. This role is vital for maintaining accurate accounting records and ensuring compliance with regulations.

The ideal candidate will have a qualification in Accounting/Finance and experience in financial services. Responsibilities include preparing monthly reconciliations and supporting reinsurance accounting. AIA offers a supportive work environment and flexible arrangements.

Qualifications

• Post-qualification experience, preferably with financial services experience.
• Experience in completing reconciliations.
• Strong commitment to excellence and accuracy.

Responsibilities

• Prepare accurate monthly balance sheet reconciliations and adjustments.
• Perform end-to-end reinsurance accounting activities.
• Ensure timely investigation and resolution of variances.

Skills

Accounting principles

Relationship management

MS Excel

Communication skills

Organisational skills

Education

Tertiary qualification in Accounting/Finance

Tools

SAP

Sun Systems

Microsoft Access

Job description

BE THE DIFFERENCE

At AIA we don’t simply believe in being ‘the best’. We believe in better – because there’s no limit to how far ‘better’ can take us. Everything we do is driven by our purpose to make a difference by helping people embrace Healthier, Longer, Better Lives. And every one of our people has an important role to play. If you want to make a difference by helping shape a healthier, better-protected Australia, read on.

The opportunity

AIA currently has an opportunity available for a Financial Accountant to join their team in either Melbourne or Sydney. Within this role is responsible for performing general accounting and reinsurance activities to ensure the integrity, accuracy and completeness of accounting records, and compliance with accepted accounting standards, AIA group reporting policy and statutory and regulatory requirements.

To do this successfully you will

• Prepare accurate and timely monthly balance sheet reconciliations, journals and general ledger adjustments for CMLAS and AIAA, including payroll, prepayments, accruals, intercompany and reinsurance accounts, with all entries supported by appropriate documentation.
• Perform end‑to‑end reinsurance accounting activities, including journals, reconciliations, confirmations with related parties and ongoing operational support to the Senior Financial Accountant: Reinsurance.
• Ensure timely investigation and resolution of variances, ad‑hoc queries and stakeholder requests, providing support for management reporting, statutory reporting and audit requirements.
• Assist with the preparation of financial statement disclosures and respond to internal and external audit queries by providing accurate and well‑maintained workpapers.
• Maintain compliance with AIA Group Financial Controls Framework, finance policies, governance standards, and ensure policies and procedures are current and effective.
• Identify, implement and support process improvements, system enhancements and transformation initiatives across finance and reinsurance accounting activities.
• Build effective working relationships across Finance and business units, demonstrate role model behaviours, and undertake additional responsibilities as directed by the Finance Manager: General Ledger.
• Strong understanding of accounting principles.
• Strong relationship management skills to engage stakeholders and to understand their business objectives and requirements.
• Strong understanding of when to escalate issues or potential risk incidents.

Successful applications will demonstrate

• Tertiary qualification in Accounting/Finance
• Post‑qualification experience, preferably with financial services experience. Life insurance, payroll accounting and reinsurance experience are an advantage.
• Experience in completing reconciliations
• SAP and Sun Systems experience an advantage
• Microsoft Access experience an advantage
• Strong MS Excel skills and proficiency in all MS software
• A demonstrated commitment to excellence and accuracy
• Excellent people and communication skills, (both written and verbal)
• Strong organisational and planning skills
• Self‑motivated with an ability to work to deadlines

Why choose AIA

• Access our training and development to build on your current skills
• Career development through internal mobility opportunities
• Work for a business helping millions of Australians and make a difference to someone’s life every day
• Access additional leave days a year to recharge and refresh yourself
• Enjoy wonderful Health and Wellbeing initiatives that support you
• Work with supportive and inclusive managers
• Flexible working arrangements

At AIA Australia, we’re proud to help guide, support and protect the wellbeing of over 3.5 million Australians. Through life and health insurance, financial wellbeing and our total wellbeing ecosystem that includes AIA Vitality – the world’s leading science‑backed wellbeing program – we’ve started a movement to make Australia the healthiest, best protected nation in the world.

AIA is different. Are you?

If you want to be part of an organisation that helps people live better every single day, apply via the link today.