Finance Assistant

WHR Global Consulting; Muntinlupa; On-site; PHP 253,890 - 304,110; Full time

Job summary

A leading financial consulting firm in Muntinlupa, Philippines is seeking a Finance Assistant to manage reinsurance accounting and regulatory reporting functions. The ideal candidate will hold a degree in Accountancy and possesses 1-3 years of related experience in insurance or reinsurance. Responsibilities include analyzing financial data, ensuring compliance with reporting requirements, and preparing financial analyses. Strong Excel skills and attention to detail are essential for success in this role. This is an on-site position with a dayshift setup and a salary of PHP 25k.

Qualifications

• 1-3 years of professional experience in non-life insurance and reinsurance or in a similar role.
• Attention to detail and ability to deliver results under pressure.
• Ability to work independently and collaboratively in a team.

Responsibilities

• Analyze reinsurance premiums, expenses, income, and losses.
• Perform month-end closing activities for reinsurance.
• Prepare and analyze financial reports for government compliance.

Skills

Advanced Excel capabilities

Highly organized

Good written communication skills

Ability to multitask

Flexibility to meet changing priorities

Education

Bachelor of Science in Accountancy

Job description

POSITION TITLE: Finance Assistant

WORK LOCATION: Alabang

WORK SETUP: On-site; Dayshift

SALARY: PHP 25k

The position will work closely with all levels of the organization, drive the reporting function for reinsurance and support various other modeling requirements. Responsible for the preparation, monitoring, reporting, and compliance in finance, regulatory and reinsurance.

QUALIFICATIONS:

• Graduate of Bachelor of Science in Accountancy
• At least 1-3 years or more of professional experience in non-life insurance and reinsurance or in a similar role.
• Advanced Excel capabilities.
• Highly organized with attention to detail.
• Ability to multitask, prioritize and deliver results on time under pressure.
• Flexibility to meet continuously changing priorities and challenges.
• Good written and verbal communication skills.
• Ability to work independently and as part of a team

RESPONSIBILITIES:

Reinsurance Accounting:

• Analyze the booking of reinsurance premiums, expense, income, and losses
• Monitoring and processing reinsurance settlement in compliance with existing contract and company policies.
• On time presentation and sending of statement of account to reinsurers.
• Maintain effective relationship with all internal and external counterparts.

Regulatory Reporting:

• Perform month-end closing activities for reinsurance.
• Prepares and analyzes financial reports and documents in compliance with reportorial requirements of government agencies (IC, BSP, PSA, PIRA, etc.).
• Acts as coordinator in finance related activities involving reinsurance as required in the preparation of IC Annual Statements, monitors submission and checks accuracy of schedules and attachments, initiates resolution of noted issues/discrepancies and elevates to Finance Head as necessary

Financial Reporting (Reinsurance):

• Preparation of profit and loss analysis.
• Preparation of balance sheet analysis.
• Preparation of cash flow forecast analysis.
• Preparation of assigned financial reports and ensures accuracy and compliance with set KPI.