Manager, IFRS Financial Reporting

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, IFRS Financial Reporting.

Job Purpose

To be part of the dynamic IFRS17 cross-disciplinary reporting team where you will support and participate in transition to IFRS17 BAU activities and on-going Group Finance projects. You will report to the IFRS 17 Finance lead and support the business as usual closing under the new IFRS 17 standard, to analyze and optimize IFRS17 financial processes, as well as to develop and implement automated solutions.

The Role:

• Leverage on tools to extract data from primary and secondary sources to support IFRS 17 financial closings, reporting and reconciliations.
• Perform and support the reconciliation of IFRS17 reporting system outputs, ledger postings and related IFRS17 accounts reconciliation.
• Involve in the monthly closing process for insurance/takaful entities in Malaysia and audit related work.
• Involve in the analysis of business results and outputs from the IFRS 17 reporting systems.
• Develop and implement financial automation processes to improve efficiency in operations and reduce manual tasks.
• Analyze existing financial processes to identify areas for improvement and optimization, and create solutions to address those inefficiencies.
• Collaborate with finance and IT departments to ensure financial automation goals align with overall company objectives and compliance requirements.
• Monitor the performance and accuracy of automated financial systems to ensure data consistency and maintain quality assurance.
• Train and support team members in using financial automation tools and adapting to new technologies and processes.
• Address any issues or bottlenecks in financial automation processes, working to resolve them quickly and effectively.
• Continuously evaluate and refine automated systems and processes to ensure maximum efficiency, cost-effectiveness, and reliability.
• Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns /risks and proactively shares best risk management practices.
• Other responsibilities entailed.

The Person:

• Degree or Diploma in Accountancy, Computer Science or equivalent professional qualifications.
• 3 to 6 years of relevant working experience.
• Good knowledge of local/IFRS reporting standards and experience in the insurance/takaful industry would be an advantage.
• A good problem solver and have excellent communication skills.
• Able to work independently and under pressure to meet project timelines.
• Self-motivated and committed to drive the team towards achieving results
• Strong analytical and numerical skills, meticulous and detailed
• Strong team player with good communication skills
• Proficient in Microsoft Office
• Familiarity with programming languages, such as Python or Java, and financial software
• 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

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location: HQ, Kuala Lumpur

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

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.