Insurance Accounting Senior Specialist- Reliever

Job Title Insurance Accounting Senior Specialist Written By (Signature and Date) Joseph Bolanos Reports To Insurance Accounting Manager Incumbent (Signature and Date) Division/Department Finance/Financial Controlling & Accounting Approved By (Signature and Date) Lalaine Retuerto Job Reference Approved By (Signature and Date) Job Purpose This person is responsible in ensuring that insurance accounting entries are accurately accounted for and communicated to the stakeholders in a timely manner. He or She will also perform tasks related to process improvement and close coordination with different Departments/Sections such as Actuarial, Operation, Treasury, and amongst Financial Control and Accounting. Critical Accountabilities Key Result Areas Major Activities Output Challenges and Risks Ensure timely and accurate accounting and recording of Direct Production and Premium Reserves Reconcile Direct Production register vs GL entries from Genweb. Submit GWP report to Collection and GI Profitability Direct Production interface in SAP system Calculation and recording of Premium Reserve balances Preparation of Note 15 Reconciled Direct Production and GL Balances Reconciled Note 15 report and GL Balance Manual processes involved in providing report. Efficiency in providing timely data Collaboration with IT Team Understanding sources/nature of Production. Ensure timely and accurate accounting and recording of Credit Memo Request and Internal Journal adjustment Request Prepare and book accounting entries to take up adjustment for CM and Internal JV request. Journal entries for CM and JV request Manual processes involved in recording of entries Collaboration with Collection and Distribution Understanding sources/nature of transactions Ensure timely and accurate accounting and recording of Genweb transaction to SAP system Monthly Extraction of GL report in Genweb Reconcile Genweb report vs SHINE report Reconcile SAP GL interface vs Genweb Report . Reconciled Genweb GL and SAP GL Balances Understanding nature of transactions Efficiency in providing timely data Manual processes involved in SHINE Collaboration with IT Team Ensure timely and relevant reporting to Insurance Commission on matters relating to Premium Income and Asset Held for Sale Preparation of Quarterly Premium Income Report Preparation of Annual Statement Report Schedule Preparation for Quarterly Asset Held for Sale Quarterly IV Business Done report Quarterly FRF Report AS report Recap 1, Recap 3, Recap 6 and Recap 7 Asset Held for Sale Report Understanding nature of transactions Collaboration with IT Team and Claims Team Manual processes involved in providing report. Ensure subsidiary and general ledger account balances related to Accounts payable and Account receivable policy related transaction are maintained. Reconcile SL and GL balances of Account receivable and Accounts payable policy related transaction. Reconciled SL and GL balances Aging report Understanding nature of transactions Collaboration with other Departments Manual processes involved in preparation of report Ensure timely and accurate accounting and recording of Life Reserve transaction Prepare and book accounting entries to take up adjustment for Life monthly reserves Reconciled GL Balances and Reserve Acturial report Understanding nature of transactions Collaboration with Acturial Team Manual processes involved in preparation of SAP entries Ensure timely and accurate accounting and recording of IFRS 17 Offset Accounting Prepare and book accounting entries to take up adjustment for IFRS 17 Offset Accounting Reconciled IFRS 17 GL Balances Understanding nature of transactions Manual processes involved in preparation of SAP entries Ensure timely, accurate and relevant reporting to External Auditor Preparation of Premium Income Schedule for Audit Preparation of Reserve Balance Schedule for Audit Point-person for any related audit requirements for Premium income Reconciled audit scheduled and GL Balances Understanding nature of transactions Collaboration with External Auditor Skills and Knowledge Educational Qualifications Relevant Experience Graduate in Bachelor of Science in Accountancy With at least 2 years’ experience preferably in Agency Accounting or Financial/External Audit. Personal Characteristics/Behaviors Other Requirements Able to work with cross functional teams Keen to details and highly committed Diligent and can work with minimum supervision Proficient in use of Excel and Macro Strongly good communication and documentation skills At AXA, each person matters. We perform at our best knowing the positive impact we make as valuable partners for our customers and the communities we belong to. If you want to know more about the other career opportunities at AXA Philippines, please follow this link: https://careers.axa.com/axa-entities/axa-philippines