Financial Reporting and Accounting Senior Manager

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.

JOB TITLE:

Finance and Accounting Senior Manager

DIVISION:

Finance

DEPARTMENT:

Financial Controlling and Accounting

JOB GRADE:

12

LOCATION:

GT Tower – Makati

REPORTING TO

(ROLE):

Head of Financial Reporting, Accounting and Tax

NUMBER OF DIRECT

REPORTS:

4

MAIN PURPOSE

OF THE JOB:

Provide oversight to the Financial Reporting team ensuring the delivery of timely, accurate and sound financial information to local statutory and regulatory report requirements of the different government agencies.  

Ensures the timely delivery of relevant, accurate and quality, insurance and investment accounting reports and data, to address the requirements of various internal and external stakeholders.

KEY ACCOUNTABILITIES:

Financial Statements preparation

· Establish a well defined closing calendar that outlines key activities and deadlines and oversee the entire closing process to ensure timely and accurate completion

· Final review of financial statements and analytics for submission to local shareholders.

· Final review and sign-off of audited financial statements.

Regulatory Compliance & Reporting

· Reviews and approves reports for submission to regulatory agencies. (Insurance Commission (IC), Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC).

· Consults with regulatory agencies for clarification on specific provisions of laws and regulations.

Investment Accounting

· Support achievement of FS close deadlines and take part in ensuring the completeness, accuracy and timely delivery of various Investment Accounting related reports including those relating to Unit-Linked transactions to address Local Management and Statutory and Regulatory requirements.

· Review manual journal entries, account reconciliations and reports prepared by the Investment Accounting staff.

· Regular review of internal controls over Investment accounting and recommend change/s to strengthen the controls.

· Lead on the various enhancements on SHIP (Investment transactions platform) and Linkki (cash reconciliation system).

· Regular discussion with Finance process owners and other Division for accounts reconciliation and audit issues monitoring and resolution.

· Provide support and assistance on Investment accounting related requirements for new funds to be launched mainly for unit-linked.

Insurance Accounting

· Oversee timely and accurate reporting of Insurance Accounts

· Ensure ensures timely submission of treaty statement of accounts to reinsurers including payments to reinsurers

KEY

STAKEHOLDERS:

Internal

o     Finance Management

o     FCA teams

o     Actuarial Office

o     Treasury

o     Investment

o     IT

o     Operations

External

o     SEC

o     BSP

o     IC

o     External auditors

EXPERIENCE AND QUALIFICATIONS:

· Graduate of Bachelor of Science in Accountancy

· Must be a CPA

· year of accounting and finance experience in audit firm or any financial institution

· years of Managerial experience

· Has working knowledge in IFRS and PFRS especially on insurance and investment accounting and reporting standards

· Change management/process improvement experience

· Must have work experience in the insurance industry

· Must have experience in writing commentaries and business insights to financial results

· Proficient in Excel, and any accounting software

· Able to work with cross functional teams

· Keen to details and highly committed

· Strong management and leadership skills

· Assertive, systematic and organized

· Can work under pressure and effective in meeting deadlines