Financial Accounting and Reporting

1 week ago

Taguig, National Capital Region, Philippines FWD Insurance Full time
Financial Accounting and Reporting Associate Manager

Apply locations Philippines - BGC Taguig time type Full time posted on Posted 30+ Days Ago job requisition id R-0021944

About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit www.fwd.com

About FWD Life Philippines

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital and New Business Annual Premium Equivalent.

Job Description

This role sits within the Financial Accounting and Reporting (FAR) team who is responsible for a variety of reporting bases including IFRS, PFRS, and Statutory reporting.

  1. Perform tasks related to Finance implementation of IFRS 17 Insurance Contracts (assist in various system testing in relation to IFRS 17 implementation and data migration).
  2. Responsible for preparation of policy data to be used for quarterly IFRS17 Tool pack run, ensuring accuracy and completeness.
  3. Ensure required reconciliations between IFRS accounting rules system, ledger and disclosures are completed (including Balance Sheet Reconciliation and various recon files related to IFRS17 results).
  4. Coordinate between local team, Group office and external consultants on financial accounting matters (e.g. preparation of accounting papers, discussion of new accounting standards).
  5. Provide support relating to insurance policy data during audit of external auditors and during submission of quarterly and annual submission to the Insurance Commission.
  6. Assist in any ad hoc tasks as assigned to financial accounting and reporting.

Job Qualification and Experience:

  1. Bachelor's degree with major in Accountancy.
  2. CPA (preferred) and relevant professional qualification required.
  3. At least 4 years of finance experience (BIG 4 Audit - Financial Services Industry experience) or at least 5 years of accounting and reporting experience in an insurance company.
  4. Previous experience of application and/or interpretation of accounting standards (IFRS and IAS), particularly accounting for financial instruments and insurance contracts.
  5. Part of IFRS17 project implementation team (preferred).

Technical Competencies:

  1. Knowledge in IFRS 17 and insurance company's financial statements.
  2. Good understanding of life insurance accounting process.
  3. Confident in liaising with stakeholders from different departments and geographical locations.

Privacy Notice

Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

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