Financial Reporting Officer

1 week ago


Makati, Philippines AXA Full time

Local and Group Office Performance Reporting Local and Group Office Performance Reporting Prepares, analyzes, and consolidates profit and loss reports for Group, Local and Internal Reporting ensuring accuracy of information and coherence commentaries and business insights (Monthly Business Review, P&L flash report and Financial Highlights). Preparation of topline performance reports including commentaries and business insights (Flash Report, Regional Finance Dashboard, Financial Highlights, reports for Actuarial, MBTC cross-selling, other related ad hoc reports). Preparation and presentation of analysis of Profit & Loss (P&L) by business channel Financial Statements Handles month-end financial closing and preparation of financial statements including variance analysis Coordinates with other FCA managers to ensure accurate and timely financial close process Act as team lead in the preparation of Auidted Financial statements. Coordinates with other FCA managers in the preparation and submission of required notes and disclosures Regulatory Compliance & Reporting Handles timely and accurate preparation of reports and payments to the different regulatory agencies (Insurance Commission, SEC, BSP, LGUs). Collaborates within Finance and cross functional teams for effective and efficient preparation of regulatory reports. Acts as team lead in the preparation of the Annual Statement for both Life and Non-Life companies. Monitors status of the AS schedules from the different concerned FCA teams and ensures timely completion within set IC deadline. Checks accuracy of balances in the completed schedules vis-à-vis control totals. Coordinates/assists in the periodic examinations/audit conducted by the regulatory agency. Assists in responding and taking actions on letters received from regulatory agency. Updates the team with new IC regulations/developments that could impact the business. Consults with regulatory agencies for clarification on specific provisions of laws and regulations. Assists in internal and external audits. Prepares other reports as requested by the Management/Board. Premium Balance Receivable (PBR) and Premium Deposit Monitoring and Reporting Performs regular validation of PBR and Premium Deposit account balances in collaboration with Operations team, ensuring SL balances tie up with the GL balances. Ensure sign-off from delegated approvers of the reconciliation schedules. Monitor age of open items. Regularly review and monitor the issues log sheet and disposition of reconciling items. Determine and recommend the appropriate actions necessary to correct inaccurate and incomplete recording of financial transactions noted during the account review. Escalation reporting to immediate manager of unresolved reconciling items. Regular discussion with Finance process owners and other Divisions for accounts reconciliation and audit issues monitoring and resolution. Qualifications Graduate of Bachelor of Science in Accountancy Must be a CPA 3-4 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 on financial results Proficient in Excel, and any accounting software #J-18808-Ljbffr



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