Financial Reporting Officer

2 days ago


Makati City, National Capital Region, Philippines AXA Group Full time
Job Purpose:

To support the delivery of timely, accurate, and sound financial information and analysis related to Group and Local Reporting to keep track of company performance and serve as a guide in management decision-making.

Critical Accountabilities:

Key Result Areas:
  • Accurate and timely monthly financial statement
  • Monthly group and local performance reporting
  • Strategic Planning
  • Business partnering, ad hoc reporting and special local/RO projects
Major Activities:
  • Preparation of general-purpose financial statements
  • Coordinates with other FCA managers to understand investment, disbursement, and insurance accounting
  • Ensure accurate and timely financial close process i.e. adhere to WD3 requirement
  • Coordinates and collaborates across FCA for new accounting standards and regulatory standards.
  • Coordinates and collaborates with FSC and accounts reconciliation team for various adjustments based on their review of accounts reconciliation.
  • Preparation of Monthly Local Finance Dash-board and Group Management Dashboard reporting including MIS/Magnitude input (serves as the point person; prepares, analyzes, and consolidates pack ensuring accuracy of information and coherence of commentaries and business insights)
  • APE performance reporting including the formulation of commentaries and business insights (flash report, Regional Finance Dashboard, Financial Highlights, reports for Actuarial, MBTC cross-selling, and other related ad hoc reports)
  • Presentation of analysis of P&L by Channel, Balance Sheet (with variance analysis), TOCF, Strategic Pillars, and Active Distributors
  • Coordination with support units to obtain key information.
  • Handling of inquiries
  • Assist in the preparation of reports (particularly APE) for the Strategic Planning exercise
  • Providing commentaries and business insights as needed.
  • Coordination with Investments, FC&A, the channels, and other business units and provision of data to Actuarial.
  • Handling of inquiries.
  • Other tasks as may be assigned
  • Analysis and preparation of reports for projects, channel/division, and JV requirements.
  • Improvement of reporting processes
  • Designing new and useful reports
  • Communicating results to business units to bring back financial insights that identify, manage, and improve performance.
Output:
  • Sound financial statement (BS and PL) in various forms of requirements i.e. statutory, PFRS, and IFRS
  • Accurate and timely submission of financial reports
  • Related Party financial statements
  • Audited Financial Statement
  • Monthly Business Review (pack)
  • Financial Highlights (slide contributions).
  • Strategic Plan pack
  • Timely, accurate, and useful reports
  • JV reports (GT, MBTC, FMIC)
  • The added value of Finance to the business.
  • Improvement in company performance.
  • Project completion
Challenges and Risks:
  • Understanding Life systems and accounting systems.
  • System-related issues
  • Coordination, time, and commitment with other departments/divisions or units
  • Providing coherent and meaningful business insights and commentaries.
  • Understanding and analyzing the results from different sources of information.
  • Getting information from different sources/dependencies accurately and timely.
  • Consistency of reports across all business units.
  • Inquiries from the group and local management.
  • Providing coherent and meaningful business insights and commentaries.
  • Understanding and analyzing the results from different sources of information.
  • Getting information from different sources/dependencies accurately and timely.
  • Consistency of reports across all business units.
  • Inquiries from RO and local management.
  • Negotiation
  • Time management
Key Decisions:
  • Financial and management reporting close
  • Business insights
  • Inquiry resolution
Quantifiable Data Related to Job
  • Premium Income 2WD, APE 2WD, P&L 4WD, B/S 5WD
  • Monthly Business Review- 6WD
  • Financial Highlights - 8WD
  • Related party Financial Statements - 15 day of the following month
  • CPA is necessary
  • 3+ years of accounting and finance experience in an audit firm or any financial institution
  • Change management/process improvement experience
  • Must have work experience in the insurance industry
  • Must have experience in writing commentaries and business insights into financial results
  • Proficient in Excel, and any accounting software
  • Analytical and keen on details
  • Good oral and written communication skills
  • Good interpersonal skills
  • Willing to work on extended hours if needed
  • Proactive and can work under minimal supervision
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.

Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers' insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

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