Specialist, Finance Statutory Reporting

Generali; Kuala Lumpur; On-site; MYR 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Financial Reporting Analyst to join their dynamic team. This role involves compiling and preparing financial data for various reports, ensuring compliance with local regulations, and collaborating with stakeholders to enhance reporting processes. The ideal candidate will possess a strong background in finance, particularly within the insurance sector, and demonstrate exceptional analytical and problem-solving skills. Join a company that is committed to shaping a sustainable future and providing comprehensive protection solutions to its customers.

Qualifications

• 5+ years of experience in the Insurance/Financial Industry.
• Strong knowledge of BNM MFRS17 and Local Statutory Reporting.

Responsibilities

• Compile and prepare financial reports for internal and external stakeholders.
• Ensure timely submission of financial reporting packages to regulators.

Skills

Analytical Skills

Problem Solving

Financial Reporting

Knowledge of MFRS

Education

Degree in Accounting/Finance

Professional Certification (ACCA, MIA)

Job description

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• To compile, prepare and consolidate monthly financial data into various types of reports in a timely manner and within the stipulated guidelines; in which it will be communicated to both internal and external parties.
• Responsible for the preparation and timely submission ofmonthly/quarterly/annually financial reporting package in accordance with MFRS and BNM guidelines/policy.
• Production and delivery of local management accounts & financial information for the local shareholders, local industries bodies (PIDM, LIAM & etc) and Bank Negara Malaysia.

Responsibilities:

1. Local Management Reporting

Compile financial information in an efficient, timely, transparent and accurate manner to local shareholder, Affin Bank Berhad / Generali Malaysia Holding Berhad

• Related Party Transactions (RPT) on monthly basis.
• Monthly, quarterly and annual management accounts.
• Analysis of financial result and providing commentaries on variances.
• Compile & prepare group consolidated reporting to BNM on quarterly basis.

2. Local Statutory Reporting

Preparation and timely submission ofmonthly/quarterly/annually financial reporting package in accordance with local MFRS and local regulator requirement, i.e. BNM.

• Prepare BNM ICSS (Insurance Companies Statistical System) for submission to BNM by 21st of every month.
• Prepare for Annual BNM ICSS submission and roll forward of Q1 monthly submission after FYE finalized before April the following year.
• Prepare International Investment Position (IIP) Report by 15th after the end of every quarter.
• Prepare & compile information to input into Risk Based Capital Framework Form (Asset part) after the end of every quarter.
• Prepare Claims Paid by Life Insurance Industry Template (Net Policy Benefits) to LIAM after the end of every quarter.
• MoM Variance Report Submission (ICSS) by 22nd of every month
• Support on MoM Variance Report Submission for RBC form by 22nd of every quarter.
• Support in compiling data and analysis to queries from the BNM supervisory team

3. BNM MFRS17 Reporting

• Industry Wide Testing in May 2025.
• Preparation and timely submission of monthly/quarterly/annually MFRS17 report (Monthly submission – first submission for reporting period Jul 2025)
• Analyze and identify any gaps for the new reporting requirements.
• Work closely with various stakeholders (actuarial, methodology team, other finance team members) in sourcing additional information requested; in orders to close the gaps
• To develop a new reporting template / to enhance the trial run report to meet the new reporting requirement.
• Attend to any ad hoc reporting, queries and/or analysis as and when requested by BNM officer.
• Assist in Annual Financial Statement preparation

4. Daily Cash Management & Investment linked unitpricing

Support the daily cash management & investment linked activities (Rotation).

• Ensure timely & preparation of Investment linked NAV computation and unit price publication on the company website.
• Preparation of company daily cashflow, ensure daily cash is sufficient to meet the insurance & non-insurance payment, as well as company’s investment obligation.
• Execution of Bond trades for company Life fund, as instructed by investment department.
• Perform monthly unit reconciliation

5. Others

• Attend to any ad hoc reporting, queries and/or analysis as and when requested by Affin Bank, local regulator and internal stakeholders (i.e. actuarial, risk & investment).
• Assist in handling audit (internal/external) request.

Requirements:

• Preferably has a degree in an Accounting/Finance, while a professional certification (e.g., ACCA, ACCA, MIA) or relevant technical qualifications are desirable.
• Minimum 5 years of experiences in Insurance/Financial Industry, particularly in Finance function.
• Good knowledge on BNM MFRS17 and Local Statutory Reporting
• Analytical and numerical skills
• Business acumen with problem solving skills

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Your application will include the following questions:

Which of the following types of qualifications do you have? Which of the following statements best describes your right to work in Malaysia? What's your expected monthly basic salary? How many years' experience do you have as a Financial Reporting Analyst? How many years' experience do you have as a Finance Role? How many years' experience do you have in the insurance industry? How many years' experience do you have as a Statutory Reporting Executive?

Insurance & Superannuation 1,001-5,000 employees

Generali is one of the largest global insurance and asset management providers. With over 190 years of insurance experience, we now serve 67 million customers in more than 50 countries worldwide. With a wide network of agents, partners, and branches nationwide, it is one of the largest general insurers in Malaysia, with close to 2 million customers. It strives to further its ambition of being a trusted lifetime partner and, more importantly, enable people to shape a safer and more sustainable future by caring for their lives and dreams. From business to home and mobility to health, it offers comprehensive protection solutions to bring genuine value to individuals, families, and businesses.

Generali is one of the largest global insurance and asset management providers. With over 190 years of insurance experience, we now serve 67 million customers in more than 50 countries worldwide. With a wide network of agents, partners, and branches nationwide, it is one of the largest general insurers in Malaysia, with close to 2 million customers. It strives to further its ambition of being a trusted lifetime partner and, more importantly, enable people to shape a safer and more sustainable future by caring for their lives and dreams. From business to home and mobility to health, it offers comprehensive protection solutions to bring genuine value to individuals, families, and businesses.

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