Senior Manager, Local GL Reporting and Operation

The Senior Manager, Local GL Reporting and Operation is responsible for overseeing and managing all aspects of audited financial statement and fund reports, ensuring compliance with regulations and internal guidelines.

Major Accountabilities:

1. GL reporting and compliance - 50%

• Review and post all journal vouchers in accounting ledger.

• Lead the local month-end close process to meet timeline requirement.

• Lead the preparation and timely submission of monthly/quarterly/bio-yearly financial statement

• Ensure adherence to all regulatory requirements and deadlines

2. Audited Financial statement (FS) - 20%

• Lead the preparation and timely submission of audited FS and fund reports.

• Manage audited FS processes, liaise with external audit team and internal related departments.

• Ensure adherence to all regulatory requirements and deadlines

3. Monthly reconciliation and control - 10%

• Review monthly BS account reconciliation report to identify and resolve any pending items within established timeframes.

• Collaborate with related teams to address issues and improve financial controls.

4. Regulatory Analysis and Implementation - 10%

• Analyze new regulations and assess potential impacts on the organization

• Develop implementation plans to ensure organizational compliance with new requirements

• Communicating regulatory changes and impacts to relevant internal parties

5. Promotion gift management and related out-put invoice issuance - 10%

• Review monthly promotion gift report for GL booking and issue out-put invoice accordingly.

• Review and issue out-put invoice for premium due within established timeframes.

Specialized knowledge:

• Strong knowledge of tax laws, regulations, and compliance requirements relevant to the insurance industry

• In-depth understanding of VAS and local regulations for FS preparation

• Strong knowledge of financial reporting standards and their tax implications

Problem solving:

• Analyze complex situations and make sound judgments based on limited information

• Develop innovative solutions for complex issues

• Balance competing priorities and managing multiple high-stakes projects simultaneously

Education and experience:

• University degree with 8-10 years of experience in FS preparation or a similar role.

• Professional tax certification (e.g. CPA, ACCA) strongly desired

Communication:

• Communicates effectively with internal stakeholders at various levels, including finance teams, business unit leaders, and senior management.

• Regularly interacts with external parties such as tax authorities, auditors, and consultants.

• Communication involves explaining complex concepts, presenting findings and recommendations, and providing expert guidance on FS matters.

• Frequency of communication is high, often daily or weekly, depending on ongoing projects and FS cycles.