Assistant Manager, Finance (Management Reports)

Great Eastern Life; Kuala Lumpur; On-site; MYR 45,000 - 75,000; Full time

Job summary

Great Eastern Life is seeking an Assistant Manager in Finance to oversee financial reporting and account management for Investment Linked Funds. This permanent position in Kuala Lumpur offers the opportunity to ensure compliance with regulatory standards while contributing to a customer-centric organization that values integrity and initiative.

Qualifications

• 3-4 years of experience in financial institutions or audit firms.
• Key knowledge in financial systems and reporting standards.
• Proficient in computerized accounting systems.

Responsibilities

• Ensure timely monthly closing of accounts and regulatory reporting.
• Prepare financial statements and cash flow transfers for IL funds.
• Monitor compliance with financial regulations and standards.

Skills

Financial Reporting Standards

Problem-solving

Interpersonal skills

Financial accounting

Regulatory knowledge

Analytics

Teamwork

Integrity

Education

Tertiary qualification in Professional Accounting (e.g., ACCA, CIMA, MICPA, ICAEW)

Tools

Oracle Financial System (OFIN)

Microsoft Excel

Microsoft Word

PowerPoint

Job description

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 are Integrity, Initiative, and Involvement—from the way we treat every customer relationship with honesty and transparency to our proactive approach in delivering the best solutions in life and general insurance.

Integrity, Initiative, and Involvement guide us. They motivate us to do the right thing, take the lead, and prioritize 'we' over 'me'. Our mission is to make life great for our customers by understanding what matters most to them and helping protect it.

If you are seeking a career filled with growth opportunities, we invite you to join us as a Assistant Manager, Finance (Management Reports).

Job Purpose

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

The Job

• Monitor and close monthly investment accounts for IL and Life Funds.
• Prepare monthly BNM ICSS returns, statistical reports such as the Statement of Investment Position (IIP), Statement of Overseas Account (OA), Statement of Inter Company Account (IA), and other assigned regulatory reports.
• Prepare the Company’s Risk Based Capital (RBC) computation.
• Assist in preparing IL financial statements within prescribed timelines.
• Prepare daily IL funds cash flow transfers and review daily IL Net Asset Value (NAV) from the custodian bank.
• Prepare Group's Insurance Capital Standard (ICS) statistical returns as per Group timelines.
• Prepare RBC computations based on MAS 133, Notice on Valuation and Capital Framework for Insurers (RBC2).
• Prepare consolidated financial statements for the holding company, Great Eastern Capital Sdn Bhd (GEC).
• Compile monthly and quarterly consolidation packs for OCBC reporting and half-yearly GEH reporting, adhering to deadlines.
• Compute quarterly Expected Credit Loss (ECL) provisions for corporate loans and securities based on MFRS 9.
• Perform bank reconciliations for Citibank investment accounts and reconcile Eagle system data, ensuring clearance within 1 month.
• Review and update Standard Operating Procedures (SOPs) annually.
• Review relevant Financial Reporting Standards (MFRSs) and assess their impact on financial statements.
• Assist in coordinating Related Party Transactions (RPT) reporting and prepare related regulatory and Group reports.
• Support the AVP and Manager in other duties as required.
• Ensure compliance with business and regulatory requirements, proactively managing associated risks.
• Stay informed on industry trends, emerging threats, and technologies to safeguard the company.
• Identify potential risks and share best practices proactively.

Our Requirements

• Tertiary qualification from a recognized university or full qualification in Professional Accounting (e.g., ACCA, CIMA, MICPA, ICAEW).
• At least 3-4 years of experience in a financial institution, preferably in life insurance or an audit firm.
• Proficient in Financial Reporting Standards and their application.
• Familiar with computerized accounting systems and software like Microsoft Word, Excel, PowerPoint.
• Key knowledge: Financial Systems, Oracle Financial System (OFIN), TM1, BNM ICSS, FPMS, Life Asia, MBS 400, BNM guidelines, Financial Reporting Standards.
• Competencies include problem-solving, interpersonal skills, financial accounting and reporting, regulatory knowledge, analytics, proactive attitude, teamwork, and integrity.
• High integrity, accountability, positive attitude, and adaptability.

Great Eastern Malaysia is committed to Equal Employment Opportunity. All qualified applicants will receive fair consideration.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

About Great Eastern

Founded in 1908, Great Eastern prioritizes customer-centricity. Our values—Integrity, Initiative, and Involvement—guide our culture and operations. We promote inclusivity and are committed to sustainability, aligning our business practices with ESG principles to foster responsible growth and positive societal impact.

Note: We do not accept unsolicited agency resumes. Please do not forward resumes via email or to employees, as we are not responsible for related fees.