General Ledger Accountant

Pioneer Insurance; Taguig; On-site; PHP 600,000 - 900,000; Full time

Job summary

Pioneer Insurance is seeking a General Ledger Accountant to maintain the integrity of the general ledger and ensure accurate recording of financial transactions in line with regulatory requirements for non-life insurance. The role works across teams to support monthly closings and regulatory submissions, ensuring data accuracy and compliant reporting.

Ideal candidates have a Bachelor’s degree in Accountancy, 3–5 years of accounting experience in insurance or financial services, and familiarity

Qualifications

• Bachelor's degree in accounting or related field.
• CPA is an advantage.

Responsibilities

• Maintain and update the general ledger with timely, accurate entries for premiums, claims, reinsurance and operating expenses.
• Prepare and assist regulatory reports required by the Insurance Commission (IC) and other disclosures.
• Perform reconciliations of key GL accounts and support month-end/year-end close activities.
• Ensure compliance with PFRS and insurance-specific regulatory requirements.
• Collaborate with Claims, Underwriting, Reinsurance, Actuarial and Tax teams to ensure accurate financial data flow.

Skills

GL management

Regulatory reporting

Month-end close

Reconciliations

Data analysis

English communication

Education

Bachelor’s/College degree in Accountancy

Tools

SAP

Oracle

Job description

The GL Accountant is responsible for maintaining the integrity of the general ledger and ensuring accurate, timely recording of financial transactions in compliance with company policies and regulatory requirements specific to the non-life insurance industry. The role collaborates closely with various teams to support operational accounting functions, reconciliations and monthly closing activities while ensuring the accuracy of key financial data.

Duties and Responsibilities

• General Ledger Management. Maintain and update the general ledger, ensuring timely and accurate recording of transactions such as premiums, claims, reinsurance and operating expenses. Record journal entries for recurring, adjusting and correcting transactions ensuring alignment with accounting standards and company policies.Perform regular reviews and reconciliations of key GL accounts, including cash, investments, premium receivables and claim liabilities.
• Regulatory Reporting. Assist in preparing and submitting periodic reports required by the Insurance Commission (IC) including but not limited to premium income reports, claims reserves, solvency margins and other required disclosures.
• Reconciliations and Controls. Reconcile GL accounts related to regulatory reporting such as statutory deposits, taxes and reserves. Ensure accuracy in mapping data for regulatory submissions and reports. Maintain detailed supporting documentation for all reconciliations and entries required for audits and regulatory reviews.
• Month-End and Year-End Close. Contribute to month-end and year-end closing activities, ensuring all GL entries and adjustments are accurate and complete.
• Compliance and Standards. Ensure compliance with PFRS and regulatory requirements specific to non-life insurance accounting.
• Process Improvements: Identify opportunities to enhance the efficiency and accuracy of GL processes and regulatory reporting workflows. Assist in implementing new accounting systems or software to address regulatory reporting needs.
• Collaboration and Communication. Coordinate with Claims, Underwriting, Reinsurance and Actuarial teams to ensure data flow into GL. Collaborate with the Tax and Financial Reporting teams for accurate tax and statutory filings.

A Bit About You

• Candidate must possess at least a Bachelor’s/College Degree in Accountancy or any Accounting related courses.
• CPA is an advantage.
• With minimum of 3-5 years of accounting experience, preferably in the audit or accounting of non-life insurance sector or financial services industry.
• Familiarity with ERP systems and accounting software (e.g. SAP, Oracle, or industry-specific systems) is a plus.
• Knowledge of Insurance Commission (IC) and Bureau of Internal Revenue (BIR) reporting requirements.

What We Need

• Proficient in MS Office (word, excel, PowerPoint etc.) with data analysis tool.
• With excellent English communication skills both oral and written.
• With excellent attention to detail.
• Must be willing to work in BGC, Taguig City