Specialist, Finance Reporting (Life Insurance)

Summary:

Responsible in handling treasury and investment activities in good governance, reconciliation and compile relevant financial analytical information to support management decision making.

Responsibilities:

1. Investment operations:

Ensure operational efficiency of investment operations

Responsible for timely and accurate investment data

Ensure timely settlements of executed trades and management fee

Monitor investment transactions

Generate investment related compliance reports

Facilitate daily/weekly subscription/redemption settlements to Sales Support team and External Fund Accounting team

Prepare journals for daily transactions and month-end closing

Prepare monthly unit reconciliation and ensure any discrepancies are investigated and adjustments are made

Ensure proper documentation and record storage

Provide cash movement and bond trades information to External Fund Accounting team

2. Treasury function:

Cash management

Banking administration matters

Prepare bank reconciliation for investment banking account and clearance

Monitor and prepare daily and monthly cash flow settlement

Execute placement and withdrawal of short term deposit/money market

Prepare journals for daily transactions and month-end closing

3. Local Reporting / Regional Reporting:

Provide accurate, complete and timely local and statutory reporting to local management, Life Insurance Association of Malaysia (LIAM) and BNM

- Monthly Investment Financials (Monthly Income Statement , Balance Sheet)

- Yearly Investment Linked Fund Performance Report - Bank Negara Report

- Performance of Investment Linked Fund Statistic

- Ad Hoc report

Ensure financial information is prepared and presented in accordance to relevant accounting standards and BNM Guidelines

Board meeting papers

- Update bank signatories

- Opening and closing of bank account

- Opening of new investment account

- Others

Provide accurate, complete and timely regional reporting (Investment Data Warehouse IDW) to regional

Liaise and work closely with custodian, external fund accounting team, external regulator and auditor

Undertake and participate in ad hoc projects

Requirements:

1. Education : Preferably has a degree in Accounting/Finance, while a professional certification (e.g., ACCA, ACCA, MIA) or relevant technical qualifications are desirable

2. Experience : Minimum 5 years of experience in Insurance/Financial Industry, particularly in Finance function

3. Skills:

- Good knowledge on BNM MFRS17 and Local Statutory Reporting

- Analytical and numerical skills

- Communication & inter-relation skills

- Business acumen with problem solving skills