Derivatives Accounting Analyst

Manulife; Manila; Hybrid; PHP 600,000 - 900,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Manulife is seeking a qualified professional to ensure accuracy and integrity of derivatives and financial reporting through reconciliations, adjustments, and analysis. The role supports the quarterly close, audits, and continuous improvement within a hybrid work setup with onsite days in Quezon City.

The candidate will leverage IFS Applications (Lawson, Essbase, DART) and advanced Excel/Power BI to deliver timely financial reporting and documentation.

Qualifications

• Bachelor's degree in accounting or related field.
• Exposure to derivative products is a plus.
• Understanding of accounting principles and procedures.
• Advanced knowledge of IFS Applications (Lawson, Essbase, DART).
• Intermediate to advanced proficiency in Microsoft Office and Power BI.
• Willingness to work a mid-shift schedule in a hybrid setup (3x onsite in Quezon City).

Responsibilities

• Perform daily reconciliation, investigation and clearing of OTC, swaps and derivative suspense accounts.
• Prepare quarterly suspense reconciliations with comments for SOX.
• Reconcile cash collateral and initial margin for derivatives.
• Perform derivative account reconciliations.
• Prepare and post complex adjustments to the General Ledger.
• Prepare monthly, quarterly and annual financial reporting.
• Support quarterly close processes.
• Assist audits and respond to information requests.
• Document processes and maintain records.

Skills

Derivatives accounting

SOX/controls understanding

IFRS/GAAP knowledge

Excel

Power BI

Education

Bachelor's degree in accounting or finance

Tools

IFS Applications (Lawson)

Essbase

DART

Job description

Job Description:

This role is responsible for ensuring the accuracy and integrity of derivatives and financial reporting through comprehensive reconciliations, adjustments, and analysis. The position also plays a key role in the financial close process, prepares general ledger adjustments, and delivers timely, accurate reporting. Additionally, it collaborates with business units, supports audits, responds to information requests, and contributes to process documentation and continuous improvement.

Position Responsibilities:

• Performs daily reconciliation, investigation and clearing of over the counter (OTC), cleared swaps and exchange-traded derivatives suspense accounts.
• Prepares quarterly summary suspense reconciliation with commentaries as part of the SOX requirement.
• Reconciles cash collateral account for OTC and initial margin requirement account for exchange-traded derivatives.
• Performs derivative accounts reconciliations.
• Prepares and posts daily, monthly and quarterly complex or specialized adjustments to the General Ledger.
• Responsible for preparing complete and accurate monthly, quarterly, and annual financial reporting.
• Supports the business unit in the completion of the quarterly financial close process.
• Assists the business unit in providing information for internal and external audits.
• Provides accurate and timely responses for all requests of information from different business units.
• Contributes to the documentation of all processes.

Required Qualifications:

• Bachelor's degree in accounting or other Finance related course
• Preferably with exposure to different derivative products is a plus
• Understanding of accounting principles and procedures
• Advanced knowledge of IFS Applications (Lawson, Essbase, DART)
• Intermediate to advanced proficiency in Microsoft Office and Power B
• Amenable to work on a mid-shift work schedule and hybrid work set up of 3x a week onsite in Quezon City

Preferred Qualifications:

• Superior problem solving/analytical skills and excellent attention to detail.
• Strong documentation and communication skills
• Ability to handle numerous tasks and learn complex concepts quickly in a fast-paced environment.
• Be able to work to deadlines with minimal supervision
• Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.
• Team player with demonstrated experience building and maintaining good working relationships both internally and externally.

When you join our team:

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Working Arrangement

Hybrid