Insurance Accounting Expert
5 days ago
Eteam Workforce Private Corporation is seeking an experienced Insurance Accounting Senior Specialist to join our team. This role plays a vital part in ensuring the accuracy and completeness of Investment Accounting entries and reports for CPAIC and PALIC.
Key Responsibilities:
• Ensure timely delivery of various Investment Accounting related entries and reports, including those relating to Unit-Linked Transactions, to meet Local Management and Statutory requirements.
• Properly book Investment transactions in SHIP (Investment Accounting System) daily and perform monthly reconciliation.
• Prepare journal entries in line with financial statement close process and deadlines.
Accounting Functions:
• Record cash transactions on Investment accounts.
• Accrue collection fees and/or other fees as may be applicable.
• Obtain supporting documents from Investment Operations and/or Investment Team, especially for new Investment Funds.
• Assist/collaborate with other Teams to obtain support or resolve discrepancies.
Reporting and Reconciliation:
• Prepare monthly reconciliation of Subsidiary ledger and General Ledger balances for assigned accounts.
• Prepare various monthly and/or quarterly reports as needed by Management.
• Assist in preparing Financial Statement Disclosures and other reports as needed.
• Collaborate with other Teams to understand variances.
Professional Development:
• Assist manager on accounting impact of new Investment Portfolio.
• Support business requirements for new accounting standards, as applicable.
• Perform other functions as assigned.
Requirements:
• Bachelor's degree in Accountancy, preferably with a CPA certification.
• At least 2-3 years of experience in Accounting, Financial Reporting, Investment Accounting, and/or Financial Statements preparation, preferably from Insurance Companies or Financial Institutions.
• Knowledgeable in Philippines Financial Reporting Standards (PFRS).
• Ability to work effectively with cross-functional teams.
• Strong attention to detail and high commitment level.
• Proficient in Excel and any accounting software.
We offer a competitive salary of $45,000 - $60,000 per annum, depending on experience and qualifications.
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