Assistant Manager - Finance (Accs_Ops and Systems)

The Great Eastern Life Assurance Company Limited; Kuala Lumpur; On-site; MYR 100,000 - 167,000; Full time

Job summary

The Great Eastern Life Assurance Company Limited in Malaysia is seeking an Assistant Manager - Finance (Accs_Ops and Systems) to support finance operations, closing activities, and process improvements. You will help ensure accurate reporting, effective reconciliations, and regulatory compliance while driving automation initiatives.

The role requires 3–4 years’ experience with at least 2 years in a supervisory capacity, a degree in accounting/finance or a recognised professional qualification,

Qualifications

• Degree in Accounting/Finance/Business Administration or recognised professional qualification.
• 3-4 years of working experience with minimum 2 years in supervisory roles.
• Knowledge in Accounting Systems and experience in the insurance industry.
• Strong time management, detail orientation and teamwork.

Responsibilities

• Support month-end, quarter-end, and year-end financial closing activities.
• Prepare, review and monitor balance sheet reconciliations and interfund settlements.
• Assist in governance, regulatory compliance and SOP updates.
• Engage with stakeholders and drive process improvements and automation.
• Support audits and regulatory reporting as required.

Skills

Time management

Analytical thinking

Team player

Proactive problem-solving

Education

Degree in Accounting/Finance/Business Administration

Professional qualification in Life Insurance Operations (e.g. LOMA, MII)

Tools

Microsoft Office / Excel

Accounting systems

Job description

Assistant Manager - Finance (Accs_Ops and Systems)

The Assistant Manager is responsible for supporting the Manager or Assistant Vice President in managing finance operations, account management activities, financial closing processes, and continuous improvement initiatives. This role ensures accurate and timely financial reporting, effective reconciliation processes, regulatory compliance, operational excellence, stakeholder engagement, and the implementation of automation and digital transformation initiatives to enhance efficiency and control.

Account Reconciliation & Financial Closing: Responsible for supporting month-end, quarter-end, and year-end financial closing activities to ensure timely and accurate financial reporting. This includes preparing, reviewing, and monitoring balance sheet reconciliations, investigating and resolving outstanding items on a timely basis, performing analytical reviews of account balances and reconciliation variances, maintaining accurate accounting records and supporting documentation, managing interfund settlement activities, and identifying opportunities to enhance the efficiency, accuracy, and effectiveness of reconciliation and financial closing processes.

Centralisation, Stakeholder Management & Service Delivery: Support the centralisation of Account Management activities across related entities and contribute to Regional Service Centre (RSC) initiatives by participating in feasibility assessments, process migration, and standardisation activities. The role involves collaborating with internal and external stakeholders to obtain supporting documentation, resolve operational issues, ensure timely completion of deliverables, maintain strong working relationships, and deliver services in accordance with established service level expectations while supporting continuous process improvements.

Finance Operations, Governance & Regulatory Compliance: Manage and support day-to-day finance operational activities, including finance transaction processing, documentation management, regulatory submissions, and responses to finance-related queries from internal and external stakeholders. Ensure compliance with applicable regulatory requirements, internal controls, company policies, and governance standards, while maintaining, reviewing, and periodically updating Standard Operating Procedures (SOPs). The role also supports internal and external audits, compliance reviews, and regulatory reporting requirements to ensure effective governance and control.

Leadership & Organisational Culture: Contribute to a positive and high-performing work environment by promoting collaboration, accountability, and continuous improvement within the Finance team. Work closely with stakeholders to uphold the organisation's core values, support business objectives, and foster a strong culture of integrity, service excellence, and compliance.

Process Improvement & Efficiency: Identify process improvement initiatives across finance operations, system support. Analyze workflows to eliminate bottlenecks, reduce manual intervention, strengthen controls, and improve operational efficiency. Lead process reviews and collaborate with stakeholders to redesign workflows aligned with business objectives and regulatory requirements. Establish process performance metrics and monitor outcomes to ensure sustainable improvements.

AI & Automation Involvement: Leverage AI-powered tools, automation technologies, and data analytics solutions to enhance finance operations and reporting accuracy. Identify opportunities to automate manual activities such as reconciliations, variance analysis, journal validations, data extraction, and management reporting. Partner with IT and business stakeholders to implement and test automation solutions, ensuring effectiveness and compliance.

We are looking for people with

Degree holder in Accounting/ Finance/ Business Administration or a recognised professional accounting qualification or recognised qualification in Life Insurance Operations (e.g. LOMA, MII)

3-4 years of working experience with minimum 2 years of experience in supervisory roles.

Knowledge in Accounting Systems.

Experience in insurance industry.

Good time management and detailed-oriented.

Able to work independently and a good team player.

Analytical thinking, cross functional knowledge, finance best practice, proactive in solving any issues.

Proficient in Microsoft Office / Excel and good in other computer skills.

How you succeed

Champion and embody our Core Values in everyday tasks and interactions.

Demonstrate high level of integrity and accountability.

Take initiative to drive improvements and embrace change.

Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.

Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.