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