Finance Senior Executive

MCIS LIFE; Petaling Jaya; On-site; MYR 60,000 - 90,000; Full time

Job summary

MCIS Insurance seeks a Financial Accounting Associate to manage ME/ARE expenses, perform accruals, depreciation, and capitalisation tasks, and ensure IFRS/MFRS compliance. The role requires strong analytical and communication skills, with 2–5 years in finance, preferably in life insurance.

The incumbent will collaborate across departments, support ICSS processes, and contribute to accurate P&L and balance sheet reconciliations.

Qualifications

• Bachelor's Degree in Finance, Accounting, or related discipline.
• Minimum 2 to 5 years of relevant working experience.
• Candidates with experience in the Life Insurance industry will have an added advantage.
• Strong analytical and problem-solving skills. A team player with good interpersonal and communication skills.

Responsibilities

• Manage ME and ARE within budget and forecast.
• Monitor accruals and provisions; perform adjustments or reclassifications.
• Identify cost-saving opportunities to support financial targets.
• Prepare variance analyses between actual, budget and forecast figures.
• Process FA capitalisations, disposals, and transfers per company policies.
• Calculate depreciation/amortisation movement for fixed assets.
• Monitor WIP and capitalise as fixed assets when completed.
• Maintain lease liabilities calculations per MFRS16/IFRS16.
• Perform EB ECL assessments per MFRS 9/IFRS 9; collaborate with relevant departments.
• Manage ICSS end-to-end process and submit to BNM; prepare P&L and Balance Sheet reconciliations.

Skills

Analytical skills

Interpersonal skills

Microsoft Excel

Education

Bachelor's degree in Finance / Accounting

Tools

Microsoft Excel

Job description

Responsible for managing Management Expenses (ME) and Agency Related Expenses (ARE), ensuring spending remains within budget and forecast. Monitor accruals and provisions, perform necessary adjustments or reclassifications, and identify cost-saving opportunities to support the Company's and Group's financial targets.

Prepare timely variance analyses on material fluctuations between actual, budget, and forecast figures. Identify and engage with relevant departments to gather supporting information, validate results, and resolve issues.

Process FA capitalisations, disposals, and transfers, to ensure the movement reflects timely, accurate and complete in accounting system according to the Company policies and statutory requirements.

Calculate and analyse depreciation/amortisation movement for all fixed assets.

Monitor and track the status of work-in-progress and ensure capitalised as fixed assets once it is completed without further delay.

To perform and update lease liabilities calculation by ensuring follow MFRS16/IFRS16.

Perform Employee Benefit ("EB ECL") assessments in accordance with MFRS 9 / IFRS 9 requirements. Collaborate with relevant departments to obtain necessary information and work closely with the Credit Control team to continue improve the ageing from time to time.

Responsible for managing the end-to-end ICSS process, including submission to BNM, ensuring completeness, accuracy, and continuous process improvement. Prepare timely P&L and Balance Sheet reconciliations, identify and resolve variances, anomalies, and inefficiencies, take initiative liaise with other departments to obtain relevant information to substantiate the result/find solutions.

REQUIREMENTS

Bachelor's Degree in Finance, Accounting, or a related discipline.

Minimum 2 to 5 years of relevant working experience.

Candidates with experience in the Life Insurance industry will have an added advantage.

Strong analytical and problem-solving skills. A team player with good interpersonal and communication skills, able to interact effectively with stakeholders at all levels.

Proficient in Microsoft Excel.

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Your application will include the following questions:

• Which of the following statements best describes your right to work in Malaysia?
• Which of the following types of qualifications do you have?
• How many years' experience do you have in the insurance industry?
• How many years' experience do you have as a Financial Accounting Associate?

While we’re in the business of helping people secure their financial future, we don’t forget our own people too, for we believe they are our greatest assets. We pride ourselves in being customer-centric, that means putting people first.

Accordingly, we’re looking for people who share this same attitude.

At MCIS Insurance, we provide an atmosphere of inclusion, collaboration and innovation that enables individuals to contribute to the overall success of the business through their unique strengths, skills and talents. Our people are the driving force behind the company; it is their commitment and passion that lends to the continuous success of our business.

As a member of the Sanlam Group, MCIS Insurance works closely with its parent company whilst allowing inter-company career opportunities across the Group, in offices around the world. The Sanlam Group is a South Africa-based fully-diversified financial services company, which includes insurance, financial planning, retirement, trust, wills, short term insurance, asset management, capital market activities, investment and wealth.

STEP UP & TAKE CHARGE OF YOUR CAREER

While we’re in the business of helping people secure their financial future, we don’t forget our own people too, for we believe they are our greatest assets. We pride ourselves in being customer-centric, that means putting people first.

Accordingly, we’re looking for people who share this same attitude.

At MCIS Insurance, we provide an atmosphere of inclusion, collaboration and innovation that enables individuals to contribute to the overall success of the business through their unique strengths, skills and talents. Our people are the driving force behind the company; it is their commitment and passion that lends to the continuous success of our business.

As a member of the Sanlam Group, MCIS Insurance works closely with its parent company whilst allowing inter-company career opportunities across the Group, in offices around the world. The Sanlam Group is a South Africa-based fully-diversified financial services company, which includes insurance, financial planning, retirement, trust, wills, short term insurance, asset management, capital market activities, investment and wealth.