IFRS 17 Financial Shared Services Lead

Posted:
9/8/2024, 9:59:47 PM

Location(s):
Quezon City, Metro Manila, Philippines ⋅ Metro Manila, Philippines

Experience Level(s):
Senior

Field(s):
Finance & Banking

Are you looking for a supportive and collaborative workplace with great benefits and clear career development? You’ve come to the right place.

Why choose Manulife?

  • Competitive Salary packages and performance bonuses
  • Day 1 HMO + FREE coverage for your dependents (inclusive of same-sex partners)
  • Retirement savings benefit
  • Rewarding culture that values wellness and well-being
  • Performance Bonus
  • Global network of industry experts
  • Extensive training resources

Job Description

The Asia IFRS 17 Shared Services Leader is responsible for contributing to IFRS 17 financial process efficiency and financial reporting initiatives within the Asia Finance operations. The role involves coordinating with cross-functional teams, assisting in the development and execution of finance policies, and ensuring compliance with accounting standards. This position provides exposure to advanced financial systems and processes and involves significant contributions to strategic finance projects.

Key Responsibilities

1) Accounting and Finance policy development and documentation

  • Research and draft accounting and finance policies, creating supporting documentation.

2)  User requirements for IFRS 17-related finance projects:

  • Develop and document user requirements for IFRS 17-related finance projects, liaising with system developers to ensure business needs are met.

3)  Team oversight

  • Supervise the financial analysts, ensuring high quality and timely deliverables.

4) Stakeholder communication

  • Act as a liaison for local business units and the group office, ensuring IFRS 17 reporting compliance and alignment with internal controls.

5) Issue resolution

  • Address IFRS 17 data, system and process issues, and support integration between sub-ledger, general ledger and financial reporting software applications.

6) Technical support

  • Provide expertise on IFRS 17-related queries and support communication with internal teams.

7) Administrative support

  • Manage MS SharePoint access for Asia Finance Policies, IT audit compliance and documentation filing.

Skills Required

1) Accounting standards

  • Proficiency in IFRS 17 and IFRS 9 account posting and reporting, with a solid understanding of related technical requirements.

2) Organizational skills

  • Strong organizational abilities with a focus on accuracy and details.

3) Data extraction and analytical skills

  • Competence in data extraction and analysis from various finance systems.

  • Advanced excel skills, including data analysis, financial modelling and template maintenance in scale.

4) Communication and presentation skills

  • Strong written and verbal communication skills, capable of articulating complex information clearly and concisely.

  • Experience in creating professional presentations and summarizing key information for diverse audiences.

5) Team collaboration

  • Proven ability to work collaboratively with cross-functional teams and manage relationships across multiple locations.

Qualifications and Experience

1) Education

  • Bachelor’s degree in accounting, finance, or a related discipline.

2) Professional certification

  • CPA or equivalent certification is preferred.

3) Experience

  • A minimum of 6 years of experience in accounting or finance within the life insurance industry, particularly with exposure to large multinational organizations.

  • Experience developing with Power BI for data visualization, financial data model and financial reporting will be considered a value-added skill but is not mandatory.

  • Related experience to IFRS17 is an advantage

Let's make every day better together. Learn about our opportunities at JOBS.MANULIFE.COM

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Working Arrangement

Hybrid