Investment Accounting Senior Specialist

Investment Accounting Senior Specialist page is loaded

Investment Accounting Senior Specialist Apply locations Quezon City time type Full time posted on Posted 2 Days Ago job requisition id JR

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

Job Description

Are you looking for a supportive and collaborative workplace with great benefits, strong culture, and clear career development? You've come to the right place.

Why choose Manulife?

• Competitive salary package
• HMO on the first day with free dependents
• Retirement benefits
• Merit Increase
• Performance Bonus
• Global network of industry experts
• Extensive training resource

Job Summary

The Investments Accounting Senior Specialist is primarily responsible for the accounting, reporting, analysis, and interpretation of data related to impaired securities found on the internal AABOR (Accounting and Administrative Book of Records) and for ensuring accurate and timely accounting and reporting for impaired securities in accordance with company policies.

Minimum Requirements to Hire:

• Must be a graduate of any business courses preferably in accounting
• Candidate must have at least 3-5 years working experience in the Investments industry, preferably within a securities accounting area
• Applicant must be open to work on a night shift schedule
• Applicant must be willing to work in U.P. Ayala Land Technohub, Quezon City
• Applicant must be willing to report on Hybrid work set-up and must be ready to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation)

Minimum Skills to Hire:

• Strong investment/securities knowledge – knows how equities fixed income instruments work; can calculate interest payments and perform variance analyses and UAT testing; has strong reconciliation experience between book (general ledger) and bank activities
• Strong accounting knowledge – knows how to post journal entries (JETS) like debits and credits; deals with accounting framework and analyze accounting variances (income or expense)
• Enrolment in or successfully completed professional designation or graduate degree (i.e. CPA, CGA, CMA, CFA) or relevant work experience
• Post-secondary education, specializing in business or equivalent experience in securities accounting environment
• Excellent written and verbal communication skills. Ability to converse effectively using the English Language
• Strong conceptual skills, diagnostic, analytical and problem-solving skills and ability to exercise flexibility and judgment
• Ability to work in a tight deadline-oriented environment
• High level of accuracy and keen attention to detail

Nice to Haves:

• Exposure to Shared Services or Financial Services environment/industry

On the job you will:

• Accountable for Canadian GAAP, US GAAP and STAT (NAIC) accounting for impaired securities and ensuring the accounting is complete, accurate and timely
• Prepares all input related to impairments for Canadian GAAP, US GAAP and STAT (NAIC) accounting and ensuring the input is complete, accurate and timely
• Prepares reconciliation between company book of records and Lawson for each accounting basis, i.e., Canadian GAAP, US GAAP and STAT on all impairment related accounts
• Prepares Summary of Provision Reports for Bonds, Stock and OIA securities for Canadian GAAP, US GAAP and STAT (NAIC) accounting and reconciles the reports to accounting book of records, Lawson and Market Value Data Warehouse. Investigates and works effectively with Sec Ops in Toronto and Boston to explain any variances
• Recommends accounting entries to record late impairments or to correct accounting for impaired securities at month-end and proposes changes to process on accounting book of records.
• Raises complex or outstanding impairment issues to management attention for further actions, as required
• Investigates and works effectively with Sec Ops in Toronto and Boston to explain all significant impairment variances prior to month-end
• Prepares a report at quarter-end to explain movement in provisions for review by management and ICG
• Prepares a Watch List report at quarter-end provisions for review by management and ICG
• Prepares a Trading Loss report at quarter-end provisions for review by management and ICG
• Provide support for projects, new functionality and accounting testing
• Maintains detailed files on all impaired securities including all transactions and backup
• Prepares notional transfers accounting for gains and losses for inter-segment transactions
• Assists in Suspense reconciliation and quarterly reporting to Corporate
• Performs the general ledger to accounting books reconciliation and accounts for all variances
• Preparation of all internal and regulatory reporting as it relates to Provisions and Impairments for CGAAP, USGAAP and USSTAT (NAIC)
• Reconciliation of the Securities accounting system to the General Ledger for CGAAP, USGAAP and USSTAT
• Ensures accurate and timely internal, regulatory and ad-hoc reporting
• Business re-engineering of current processes in order to streamline and gain efficiencies

Our commitment to you:

• Our mission; to be a part of making Decisions Easier and Lives Better
• A leadership team dedicated to your growth and success
• A bold ambition and set of goals to be a leader in driving transformation in our industry
• Our best. Every day.

This job description does not represent a comprehensive listing of job duties that are required of the employee performing this role. We reserve the right to change duties or assign additional duties at any time with or without notice.

Join our global network of industry experts Apply today.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife /John Hancock , we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour , ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process . All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies . To request a reasonable accommodation in the application process, contact .

About Us

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive.

We offer work that challenges and makes a difference within a flexible and supportive environment, so you can help make decisions easier and lives better for our customers.

We're proud of our accomplishments and recognitions. Recent awards include:

• Best Place to Work in Asia-Pacific 2022
• Best Place to Work for LGBTQ Equality 2022

To receive our latest job opportunities directly to your inbox, create an account or sign in and navigate to the 'Job Alerts' section located in the top right corner of the page. From there, you can sign up to receive job alerts.

Discover how you can grow your career, make impact and drive real change with our Winning Team today at .

#J-18808-Ljbffr

---