Financial Control Analyst

Manulife John Hancock; Quezon City; On-site; PHP 600,000 - 900,000; Full time

Job summary

Manulife John Hancock is seeking a Financial Control Analyst to strengthen accounting and reporting processes within our finance organization. The role emphasizes accuracy in general ledger and sub-ledger activities, journal entries, reconciliations, accruals, inter-company transactions, and comprehensive financial reporting.

The position requires applying accounting standards, leveraging financial systems, and supporting planning, compliance, and process improvements across cross-functional

Qualifications

• Requires knowledge of professional accounting standards and financial reporting.
• Ability to apply analytical tools and support process improvements.
• Independent work ethic with ability to resolve moderately complex issues.

Responsibilities

• Record-to-Report execution with journal entries, accruals, and intercompany reviews.
• Own month-end close, reconcile sub-ledgers, and sign off on entries.
• Support cost management, budgeting, and financial planning activities.
• Provide reporting analyses and assist with statutory and management reporting.

Job description

The Financial Control Analyst performs structured yet increasingly complex financial and accounting activities to ensure the accuracy of financial records, compliance with internal and external requirements, and delivery of relevant insights to support business decisions. This role is essential in maintaining the integrity of financial data across General Ledger and Sub-Ledger processes, including journal entries, reconciliations, accruals, inter-company transactions, and financial reporting.

The Financial Control Analyst applies technical accounting knowledge and financial analysis skills to support business planning, reporting, and compliance. This role requires a working understanding of professional accounting standards, financial systems, and business processes, with growing capability in applying analytical tools and contributing to process improvements.

Operating under general guidance, the Financial Control Analyst works independently to resolve moderately complex issues, support cross-functional initiatives, and ensure timely and accurate financial outputs. The role improves the efficiency and work quality of multiple teams through effective coordination and guidance and requires sound judgment to manage escalated exceptions. The analyst also contributes to enterprise strategy by identifying financial risks and opportunities, aligning accounting practices with business objectives, and supporting strategic initiatives through financial insights.

Position Responsibilities:

1) Accounting and Reporting

Record-to-Report Execution: Apply professional accounting standards to accurately record transactions, maintain supporting documentation (including review/validation of intercompany agreements to support accurate accounting entries), and take full accountability for the accuracy and completeness of financial records (including investigating T&E expenses outside of budget). Recommend suitable accounting treatments for transactions and demonstrate awareness of relevant standards.

Period Close: Take ownership of the month-end close process by independently performing journal entries, accruals, and reclasses; reconciling sub-ledgers to the general ledger; evaluating accounts for legitimacy and substantiation; review account reconciliation and provide signoff; approve and release journal entries in accordance with internal controls and compliance standards; and ensuring timely and accurate financial submissions.

Benefits and Compensation Process :

Support financial oversight and analysis of MFC employee benefits and compensation programs. Activities may include: Ensuring that the accounting and financial reporting processes for compensation-related expenses (such as salaries, bonuses, and benefits accruals) comply with internal controls, accounting standards, and regulatory requirements.

Strategically collaborating with HR to ensure the validity of payroll inputs, incentive payouts, and benefits costs.

Review variance analysis and monitoring of compensation trends to effectively support budgeting and forecasting activities.

Financial Reporting & Compliance:

Effectively review and support financial statement preparation of statutory and management reporting by ensuring accuracy, completeness, and compliance with internal policies and external regulations.

Reporting and Analytical Support: Design and develop reporting analyses aligned with accounting standards to support ad-hoc decision-making. Conduct targeted ad-hoc analyses to address specific needs of stakeholders.

Review preparation and present marketing allowance reports for management and financial analysts, ensuring clarity and actionable insights.

Validate and sign off on sales incentive compensation accruals and payouts, providing analytical support and ensuring accuracy.

Review and manage employee compensation accruals for Deferred Incentive Plans (DIP).

Accounting Advisory Support :

Providing expert guidance on complex accounting matters. Provide guidance to cross-functional teams during new business model evaluations, project initiatives, and resolution of ad-hoc accounting inquiries.

Interpret and apply new accounting standards, ensuring accurate implementation and alignment with corporate policies.

Actively participate in meetings, calls, and reporting activities related to changes in booking methodologies, regulatory studies, and financial reporting requirements.

Collaborate with business leaders to assess the financial impact of strategic initiatives, identify areas of financial risk or opportunity, and ensure alignment of accounting treatments with enterprise goals.

2) Cost Management & Planning

Cost Accounting : Apply relevant cost accounting concepts to support operational and financial needs, identify and update unit costs, and analyze cost drivers and variances to provide actionable insights.

Budgeting & Forecasting: Support budgeting, forecasting, and business planning activities by ensuring accurate preparation of inputs, reviewing