Derivatives Accounting Analyst

Manulife Financial; Quezon City; On-site; PHP 558,000 - 892,800; Full time

Job summary

Manulife Financial Corporation is seeking a financial reporting professional to ensure accurate derivatives reconciliation, accounting close, and reporting. The role involves comprehensive reconciliations, GL adjustments, and collaboration across business units.

The candidate will support audits, respond to information requests, and help document processes in a hybrid setup (3x onsite in Quezon City). A finance degree and experience with derivative products are preferred.

Qualifications

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

Responsibilities

• Performs daily reconciliation of OTC, cleared swaps and derivative suspense accounts.
• Prepares quarterly summary suspense reconciliations with SOX commentary.
• Reconciles cash collateral and initial margin accounts for derivatives.
• Performs derivative accounts reconciliations.
• Posts daily, monthly, and quarterly complex GL adjustments.
• Prepares complete monthly, quarterly, and annual financial reporting.
• Supports quarterly financial close with the business unit.
• Assists audits by providing requested information.
• Provides timely responses to information requests from units.
• Contributes to process documentation.

Skills

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's degree in accounting

Tools

IFS Applications (Lawson, Essbase, DART)

Microsoft Office

Power BI

Excel

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