Associate - Corporate Accounting and Reporting

The Great Eastern Life Assurance Company Limited; Kuala Lumpur; On-site; MYR 60,000 - 100,000; Full time

Job summary

The Great Eastern Life Assurance Company Limited in Malaysia seeks an Associate in Corporate Accounting and Reporting to deliver timely financial reporting in line with IFRS/MFRS and company policies.

Responsibilities include preparing half-yearly and yearly statutory statements for GELS and GELM, consolidating for GEH, coordinating OCBC and GEH reporting packs, monthly closings, sustainability reporting, and maintaining SOPs; audits support is also required.

Qualifications

• Degree in Finance or Accounting or professional qualification (ACCA, CIMA, MICPA, ICAEW) or equivalent.
• Experience with IFRS/MFRS, statutory and regulatory reporting.
• High attention to detail with strong analytical and problem-solving skills.

Responsibilities

• Prepare and deliver accurate and timely financial reporting for assigned entities.
• Prepare half yearly and annual statutory financial statements for GELS and GELM.
• Prepare annual consolidated statements for GEH and holding companies.
• Coordinate monthly/quarterly OCBC reporting packs and half-year GEH packs.
• Support monthly closings and sustainability reporting; update SOPs for consistency.
• Assist in external and internal audits and address regulatory queries.

Skills

Attention to detail

Analytical skills

Problem-solving

Accountability

Teamwork

Education

Degree in Finance or Accounting or professional qualification (ACCA, CIMA, MICPA, ICAEW) or equivalent

Tools

Microsoft Excel

Microsoft Word

PowerPoint

Financial reporting tools

Job description

Associate - Corporate Accounting and Reporting

The Associate, Corporate Accounting is responsible for preparing and delivering accurate and timely financial reporting for assigned entities, ensuring compliance with accounting standards, regulatory requirements and Company’s policies.

Prepare half yearly and annual statutory financial statements of business units i.e. Great Eastern Life Assurance Company Limited (GELS) and Great Eastern Life Assurance (Malaysia) Berhad (GELM) ensuring full compliance with IFRS/MFRS, corporate accounting policies and regulatory requirements.

Prepare the annual consolidated financial statements for the holding company, Great Eastern Capital (Malaysia) Sdn. Bhd. and Great Eastern Holdings Company Limited (GEH).

Coordinate and prepare monthly and quarterly OCBC reporting pack.

Coordinate and prepare half yearly GEH reporting pack.

Coordinate and support monthly closing activities for GELS and GELM.

Support sustainability reporting in accordance with IFRS and regulatory requirements.

Prepare, review and update Standard Operating Procedures (SOPs) periodically to ensure consistency, accuracy and adherence to internal controls.

Assist supervisor to address financial reporting matters raised by business unit’s finance team

Assist in external and internal audit processes, including coordination with auditors, regulators and business units’ stakeholders.

Assist Manager/Assistant Vice President (AVP)/Vice President (VP) in any other duties as and when required.

Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

Highlights any potential concerns /risks and proactively shares best risk management practices.

We are looking for people with

Degree in Finance or Accounting or professional qualification (e.g. ACCA, CIMA, MICPA, ICAEW) or equivalent.

Minimum 1 to 2 years of working experience in financial institutions preferably life insurance or established audit firm.

Experience with outsourced or shared service finance environment is an advantage.

Knowledge in IFRS/MFRS, statutory and regulatory reporting requirements.

High attention to detail, strong analytical and problem-solving skills.

Proficient in Microsoft Excel, Words and Power Point and financial systems and reporting tools.

High level of integrity, takes accountability of work and good attitude over teamwork.

Takes initiative to improve current state of things and adaptable to embrace new changes

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.