Finance Transformation Associate

2 weeks ago


Manila, National Capital Region, Philippines Shopee Full time
Finance Transformation Associate - InsuranceExperienced (Individual Contributor)

Department Finance

The SeaMoney team enables and drives innovation by providing a range of financial products and services, including its mobile wallet, ShopeePay, to both individuals and SMEs. Its mission is to better the lives of individuals and businesses in the region with financial services through technology. SeaMoney is a part of Sea Limited, a leading global consumer internet company. In addition to SeaMoney, Sea's other core businesses include leading e-commerce platform, Shopee and digital entertainment arm, Garena.

About the team:

The SeaMoney team enables and drives innovation by providing a range of financial products and services, including its digital insurance company, SeaInsure, to both individuals and SMEs. Its mission is to better the lives of individuals and businesses in the region with financial services through technology. SeaMoney is a part of Sea Limited, a leading global consumer internet company. In addition to SeaMoney, Sea's other core businesses include leading e-commerce platform, Shopee and digital entertainment arm, Garena.

Job Description:
  • Significant involvement in the design, planning, and execution of the accounting & reporting solution system both from a functional and user perspective and supporting the testing and data workstreams
  • Working with central and local project management, including regional and local workstreams and external consultants, to support planning and execution of delivery plans
  • Working closely with the insurance business units (including Actuarial, Claims, Underwriting and Product Development) to support and develop their understanding of the central accounting & reporting solution
  • Lead the development of the new accounting and reporting processes to feed into the IFRS 17 product.
  • Perform parallel runs and generation of comparative figures, testing and refining the operating model to ensure full readiness for the go-live date for IFRS 17 financial reporting
  • Perform monthly reconciliations on the output generated from the IFRS 17 system
  • Prepare the full sets of IFRS17 financial results including disclosures
  • Liaise with IFRS 4 Reporting team and work closely in ensuring the IFRS17 results are complete and accurate
  • Prepare regulatory submission template to Insurance Commission and external parties based on their requirement
  • Provide any other support as required
Requirements:
  • A degree in Accountancy and a minimum of 3-5 years relevant experience along with CPA designation or equivalent
  • Has more than 3 years of experience in the insurance industry, experience with IFRS 4 and IFRS 17 is an advantage
  • Audit or business experience in financial statement close or the application of accounting standards
  • Demonstrate mastery of key concepts and principles related to process improvements, project management, and change management; show an ability to apply these consistently in engagement settings
  • Ability to work independently in a fast-paced, dynamic team-oriented environment
  • A dedication to teamwork and leadership
  • Good communication skills, with proficiency in English
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