Assistant Manager, Group B40 Finance Operations (GETB)

Great Eastern; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading insurance firm in Kuala Lumpur is seeking an Assistant Manager for Group B40 Finance Operations. The role involves ensuring compliance with accounting standards and preparing financial statements for mySalam. Candidates should have a degree in Finance or a related field and at least 3 years of relevant experience. Strong analytical, communication, and problem-solving skills are essential. This position requires a proactive, team-oriented individual who can work under pressure and deliver timely results.

Qualifications

• Minimum 3 years of relevant experience in an insurance/takaful company.
• Strong business acumen and sense of urgency.
• Ability to work under pressure with tight deadlines.

Responsibilities

• Ensure compliance with accounting standards for mySalam.
• Prepare month-end journals and perform reconciliations.
• Assist in developing financial statements for MFRS 17.

Skills

Strong communication skills

Analytical and problem-solving skills

Technical knowledge in Takaful/insurance

IT literate and well-versed in Microsoft Office

People-oriented and customer-focused

Education

Degree in any discipline or professional qualification

Job description

Assistant Manager, Group B40 Finance Operations (GETB)

To perform closing, reconciliation, and assist in preparing management and regulatory reports, ensuring full compliance with accounting standards and other relevant policies and guidelines for mySalam. Assist with reporting requirements in accordance with current and new accounting standards (e.g., IFRS 17 Insurance Contracts) and help develop and update necessary reports in Excel/Report writing systems.

Job Description:

• Ensure full compliance with accounting standards and other relevant rules and regulations.
• Ensure smooth operations and accurate accounting entries for mySalam.
• Prepare month-end journals, including FRS 4 and FRS 17 journals.
• Perform reconciliations for mySalam and raise journals where necessary.
• Perform payment coding and ensure all mySalam payments are captured in a timely manner.
• Assist with Stop Payment requests for mySalam payments.
• Assist the mySalam Team in approval limit documentation.
• Assist in accruals management, including maintaining relevant Balance Sheet schedules.
• Work with the Finance System team in providing accounting entries and flows for mySalam.
• Perform user acceptance testing for mySalam enhancements.
• Assist superiors in developing, reviewing, and updating related policies, manuals, and Standard Operating Procedures.
• Involve in planned and ad hoc projects/user acceptance testings for mySalam that require Finance's participation.
• Prepare all reports and schedules for the mySalam block of business.
• Assist in developing reports and financial statements in TM1, Excel, or other systems for MFRS 17 and relevant accounting standards.
• Perform any other tasks as required by superiors.

Job Specification:

• Degree in any discipline or professional qualification in a related field, preferably in Finance, Accounting, or Actuarial Science.
• Minimum 3 years of relevant working experience in a similar capacity in an insurance/takaful company.
• Knowledge of the market and industry.
• Understanding of regulations governing the insurance/takaful industry.
• Knowledge of internal controls and auditing.
• Technical knowledge in Takaful/insurance.
• Well-versed in the Islamic Financial Services Act, 2013,and has Shariah knowledge.
• Strong business acumen and sense of urgency.
• People-oriented and customer-focused.
• Strong communication skills, both written and spoken.
• Strong presentation and negotiation skills.
• IT literate and well-versed in Microsoft Office.
• Able to work under pressure and deliver within tight timelines.
• Team player.
• Independent and able to work with minimal guidance.
• Strong analytical and problem-solving skills.