Assistant Manager/Manager, IFRS 17 Finance (Reporting and Operational Optimisation)

Great Eastern Life; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

Join Great Eastern Life as an Assistant Manager/Manager in IFRS 17 Finance, contributing to financial optimizations and automated solutions. The role involves analysis of financial processes, regular reporting, and collaboration across departments, with opportunities for growth in one of Asia's leading insurance firms.

Qualifications

• 3 to 5 years of relevant experience required.
• Good knowledge of local/IFRS reporting standards.
• Experience in the insurance/takaful industry is advantageous.

Responsibilities

• Support IFRS 17 financial closings and reporting.
• Develop and implement financial automation processes.
• Collaborate with finance and IT to ensure regulatory compliance.

Skills

Problem-solving

Communication

Analytical skills

Attention to detail

Teamwork

Adaptability

Education

Degree or Diploma in Accountancy or Computer Science

Tools

Microsoft Office

Python

Java

Job description

Job Description - Assistant Manager/Manager, IFRS 17 Finance (Reporting and Operational Optimisation) (2300015O)

Job Number:

2300015O

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 of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement guide us. They inspire us to do the right thing, take the lead, and prioritize ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

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 Assistant Manager/Manager, IFRS 17 Finance (Reporting and Operational Optimisation).

Job Purpose

To be part of the dynamic IFRS 17 cross-disciplinary reporting team, supporting and participating in the transition to IFRS 17 BAU activities and ongoing Group Finance projects. You will report to the IFRS 17 Finance lead and support the business in the regular closing under the new IFRS 17 standard, analyze and optimize IFRS 17 financial processes, and develop and implement automated solutions.

The Role:

• Leverage tools to extract data from primary and secondary sources to support IFRS 17 financial closings, reporting, and reconciliations.
• Perform and support reconciliation of IFRS 17 reporting system outputs, ledger postings, and related IFRS 17 accounts reconciliation.
• Participate in the monthly closing process for insurance/takaful entities in Malaysia and audit-related work.
• Analyze business results and outputs from IFRS 17 reporting systems.
• Develop and implement financial automation processes to improve efficiency and reduce manual tasks.
• Analyze existing financial processes to identify areas for improvement and create solutions.
• Collaborate with finance and IT departments to ensure automation goals align with company objectives and compliance.
• Monitor the performance and accuracy of automated systems to ensure data consistency and quality.
• Train and support team members in using automation tools and adapting to new processes.
• Address issues or bottlenecks in automation processes promptly.
• Continuously evaluate and refine systems for maximum efficiency and reliability.
• Support ad-hoc activities as needed.
• Consider business and regulatory compliance risks and take steps to mitigate them.
• Stay informed about industry trends, regulatory changes, emerging threats, and technologies.
• Highlight potential risks and share best practices in risk management.
• Perform other responsibilities as required.

The Person:

• Degree or Diploma in Accountancy, Computer Science, or equivalent professional qualifications.
• 3 to 5 years of relevant experience.
• Good knowledge of local/IFRS reporting standards; experience in insurance/takaful industry is advantageous.
• Problem-solving skills and excellent communication skills.
• Ability to work independently and under pressure to meet deadlines.
• Self-motivated and result-driven.
• Strong analytical and numerical skills, meticulous attention to detail.
• Team player with good communication skills.
• Proficient in Microsoft Office.
• Familiarity with programming languages like Python or Java, and financial software.
• High integrity, accountability, and a positive attitude toward teamwork.
• Proactive in improving processes and adaptable to change.

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

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

Established in 1908, Great Eastern places customers at the heart of everything we do. Our culture, guided by our core values of Integrity, Initiative, and Involvement, inspires us to uphold our promise to serve our customers excellently and sustainably.

We promote inclusivity, providing equal opportunities for all employees to excel and innovate in delivering insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations Principles of Sustainable Insurance, integrating ESG considerations into our business decisions, investments, and operations to promote sustainability and responsible practices.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or employees. We are not responsible for any fees related to unsolicited resumes.