Manager, MFRS 17 Reporting

Job Description

1) Review and monitoring end-to-end MFRS 17 closing process to meet internal, statutory and Group reporting.

2) Review MFRS 17 Financial Statement and clearance of audit schedules with external auditor.

3) Review on monthly basis to ensure balances are reconciled and cleared on timely manner, highlight abnormal balances to superior to resolve on urgent basis, eg. Contribution and claim outstanding balances from MFRS4 to MFRS17.

4) Involving in BCP testing, UAT at SAS areas, any project and other tasks as and when required.

5)Prepare relevant supporting document to compliance, risk, internal auditor, external auditors, Group, other stakeholders efficiently without delay.

6) Review data for the preparation of MFRS 17 and ensure the data preparation is complete for MFRS 17 closing. Eg perform data sanity checking in both process pre-data loading/output from SAS.

7) Constantly identify the gap and provide the alternative solutions/system enhancement to incorporate the reporting requirements, including enhancement of monthly closing process, by implementing more control and continuous improvement.

8) Review MFRS 17 Standard on procedures documents.

9) Review and validate all MFRS 17 checks during the SAS batch run, ensuring no exceptional data. Any variances identified will be investigated and resolved.

10) Maintain and manage Charts of Accounts (CoA) mapping, review accounting posting rules, financial statements, reports proforma and disclosure requirement development.

11) Prepare Analysis of Changes (AOC) reconciliation in collaboration with the Actuarial team and resolve any variances.

12) Perform monthly MFRS 17 Management report analysis with commentary for EXCO, GBAC, BOARD and QSBM.

13) Working closely with in various departments such as Finance, IT, Actuarial, SAS and other stakeholders to ensure monthly closing is finalized within agreed timeline.

14) Handle all queries raised from stakeholders and communicate with the relevant stakeholders to ensure all reporting's figures are reconciled.

15) Attend to any ad hoc request/ new initiative in related to financial reporting.

Job Requirement

• Bachelor of degree equivalent, in accounting/finance, or recognized qualification.
• With relevant experience in preparing journal entries for monthly closing
• Preferred candidate with takaful/insurance reporting or external audit exposures