Associate, IFRS Financial Reporting

Great Eastern; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance firm in Southeast Asia is seeking a candidate to join their dynamic IFRS17 reporting team. The successful candidate will support the transition to IFRS17 business-as-usual activities and on-going finance projects. Responsibilities include reconciling IFRS17 system outputs, assisting in the month-end closing process, and developing financial automation solutions. Candidates should possess a Bachelor's degree in relevant fields and have proficiency in Microsoft Office. Experience in the insurance industry is preferred.

Qualifications

• Proficiency in Microsoft Office applications.
• Prior exposure to SQL or related scripting languages would be an advantage.
• Prior exposure to local IFRS reporting standards and experience in the insurance / takaful industry would be an advantage.

Responsibilities

• Perform and support the reconciliation of IFRS17 Reporting System outputs.
• Support the month-end closing process for entities, including journal preparations.
• Develop and implement financial automation for IFRS17 processes.

Education

Bachelor’s degree / Professional Degree in Accounting, Finance, Economics, Actuarial Science

Tools

Microsoft Office applications

SQL or related scripting languages

Job description

To be part of the dynamic IFRS17 cross-disciplinary reporting team where you will support and participate in transition to IFRS17 BAU activities and on-going Group Finance projects. You will report to the IFRS 17 Financial Reporting Manager and support the business-as-usual closing under the IFRS 17 standard, to analyze and optimize IFRS17 financial processes, as well as to develop and implement automation solutions.

Responsibilities

• Perform and support the reconciliation of IFRS17 Reporting System outputs, ledger postings, and trial balances.
• Support the expense and investment allocation process under the new IFRS17 Financial Reporting standards.
• Support month-end closing process for Great Eastern entities, including journal preparations, reconciliation reports, and ad-hoc investigations that arise during month-end closing.
• Develop and implement financial automation to improve overall efficiency and accuracy of IFRS17 processes.
• Liaise and collaborate with external stakeholders to support and validate new enhancements and requirements that are deployed to financial systems.
• Takes accountability in considering business and regulatory compliance risks and take appropriate steps to mitigate these risks.
• Possess at least a Bachelor’s degree / Professional Degree in either Accounting, Finance, Economics, Actuarial Science, or other equivalent qualifications.
• Prior exposure to local IFRS reporting standards and experience in the insurance / takaful industry would be an advantage.
• Proficiency in Microsoft Office applications. Prior exposure to SQL or related scripting languages would be an advantage.
• A good problem solver and possess effective communication 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.

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.