Position Objective: Assistant Manager, Insurance Product Accounting role is to support financial accounting and reporting for insurance products. This includes maintaining records, reconciling accounts, analyzing and reporting financial data, and ensuring regulatory compliance. The Assistant Manager will also help develop accounting policies and procedures, as well as provide financial analysis and forecasting support to the insurance product team.

Responsibilities: 

Daily operation

- Establish workflow, accounting rules, weekly cash flow reports and unit reconciliation for Unit linked products; maintain weekly/monthly booking for investment transactions of Unit-linked funds; provide/publish annual regulatory reports of Unit-linked as required

- Ensure high level of accuracy and completeness of all accounting set up and UAT for GL posting data to be transferred to SUN

- Work with IT/OP/Actuary and other related departments to deep dive on system and insurance products features, fixing detected errors during UAT, dry run and support for post-implementation on Production environment

- Maintain COA mapping, accounting rule set up on EBAO and SUN to ensure completeness of records as required under accounting standards (USGAAP and VAS) and regulation

- Propose Business System Requirement (BSR), Preliminary for new function development include accounting rules and finance functions on related systems

- UAT for new reports enhancement on insurance/accounting systems (ULP, ILP fund value/dealing reports, …)

- Cooperate with Operation and Insurance Operation (BAU team) to find area can be enhanced to automate system, reduce manual work and improve quality of work; advise for alternative solutions to solve issues

- Support project team to complete any ad-hoc request relating to special functions enhancement as required from business and regulation (new insurance law...)

- Back up team member in daily/weekly tasks or month-end closing if required

Governance and Risk management

- Updating Finance Manual, process, guideline on UAT process to ensure completed monitoring and risk controlling for insurance projects

- Identify, escalate risks in daily operations and propose solution to strengthen controls

Reporting

- Support, back-up for handling Group reporting and Budgeting if required

- Liaise with Accounitng team to prepare data/documentation as requested for periodic and ad-hoc visit of both internal and external authorities, auditors

- Other periodic and routine reports as scheduled

Other business tasks & supports:

- Conduct sharing sessions of new products/function enhancement periodically to Accounting team and other related departments to ensure team members to be updated timely and consistently 

- Involve in system testing for projects (Day 1 and Day 2) relating to finance and accounting areas to support for new product, collection channels launching, new function enhancement on life insurance system development (EBAO...) 

- Other ad-hoc requests as assigned by Line Manager to support for business requirements

Requirements:

- Bachelor’s degree in accounting & finance

- 5 years working experience in accounting for life insurance companies, especially in insurance accounting and reporting is referrable.

- Good knowledge in MS Office, MS Access. Competence in Excel. 

- Experience in SUN accounting system is a plus.

- Experience in core systems of life insurers (EBAO is a plus).

- ACCA/CPA certificate is a plus

- Good interpersonal skills

- Good communication in English