Discover the GREAT in your career.
As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.
Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose we over me. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.
If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Manager, Finance (Management Reports).
Job Purpose
- Responsible for ensuring that the monthly closing of Great Eastern Capital Sdn Bhd (GEC) accounts and private collective investment scheme (CIS) funds and Company's regulatory/statistical reports to Bank Negara Malaysia (BNM), financial reports & Risk Based Capital (RBC) computation are accurately prepared within the prescribed timelines.
The Job
- Review the monthly BNM ICSS return, Month On Month (MoM) variance report, statistical reports e.g. Statement of Investment Position (IIP), International Trade In Services (ITS) and any other regulatory reports.
- Review the Company's Risk Based Capital (RBC) and Insurance Capital Standard (ICS) computation.
- Manage and coordinate the Company's Related Party Transactions (RPT) reporting and review all regulatory and Group reporting in relation to RPT.
- Review the monthly and quarterly consolidation pack for OCBC reporting and half-yearly GEH reporting pack by Group finance s prescribed deadline..
- Prepare and review the Company's IFRS 17 Annual Financial Statement and Consolidated Financial Statement for GEC.
- Prepare the BNM MFRS 17 trial run submission in accordance with the guideline prescribed by BNM
- Review Financial Reporting Standards (MFRSs) that are relevant to the Company's functions and study its impact on the Company's Financial Statement.
- Review the monthly closings of GEC accounts and (CIS) funds.
- Manage and coordinate the Negative Assurance Sign Off (NASO) reporting and review the NASO report to Group Finance.
- Review the daily Investment Linked (IL) cash flows and IL NAV from custodian bank.
- Perform annual review/update on the Standard Operating Procedures (SOP)
- Review and update Finance policies i.e. Related Party Transactions policy, Dividend policy and any other related policies.
- Review Financial Reporting Standards (MFRSs) that are relevant to the Company's functions and its impact on the Company's financial statement.
- Assist Head of Department (HOD) and Assistant Vice President (AVP) in any other duties as and when required.
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
- Highlights any potential concerns /risks and proactively shares best risk management practices
Our Requirements
- Tertiary qualification with recognised local or oversea university or full qualification in Professional Accountancy (e.g. ACCA, CIMA, MICPA, ICAEW).
- At least 5-6 years working experiences in financial institution preferably in life insurance or established audit firm.
- Proficient in the MFRSs and its applications to financial statement.
- Familiar with a computerised accounting environment and be conversant with personal computer software such as Microsoft Word, Excel and Powerpoint.
- Key knowledge: Financial Systems, Oracle Financial System (OFIN), TM1 system, BNM ICSS, FPMS, Life Asia and MBS 400, BNM's guidelines , Financial Reporting Standards
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.
About Great Eastern
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.
The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.
Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
