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• Handle all routine accounting activities for group of assigned insurance business activities related accounts on the Company’s Balance Sheet (e.g. policy holders, sales compensation, investment, re-insurance etc.)
• Take proactive oversight role to control any un-usual data (e.g. long outstanding, mis-matched) and timely inform relevant stakeholders to take proper actions or propose solutions to clean up.
• Play the key role to liaise between IT, business teams (OP, AD, PD) and other sub-finance teams (Financial Reporting, Process/System Improvement, Actuarial and Premium Collection) to set up/enhance systems to ensure high level of insurance data’s accuracy & completeness being recorded/adjusted on system.

Key routine accounting activities (70%)

• Support business team (OP/AD/PD) to work with Treasury to smooth payment process related to insurance business activities (e.g. claim/surrender/maturity/APL/OPL for policy holders, sales compensation including incentive, bonus etc.)
• Prepare manual data posted to system for those data that is not automated recorded on frequent basis (e.g. monthly/yearly closing). These data will include accrual, adjusted, reallocated and reclassified ones.
• Ensure the month/year end assigned task lists completed on time as per required schedule. Any potential delay (either subjectively or objectively) must be timely informed Financial Reporting to seek for solutions.
• Reconcile outstanding balance of assigned accounts on the Company’s Balance Sheet between data recorded on accounting system and other sources of data details on monthly basis. Output is expected as follows.
  • Aging report with supporting details (e.g. by policies, agents) is sent to relevant stakeholders (e.g. OP, AD, PD) for review & take actions on long outstanding balance as per policies/guidelines
  • List of mis-matched data detected to work with IT & OP to investigate route caused & timely fix on system
  • Any un-solved issues related to outstanding balance that could cause concern to both internal/external audit parties

• Review write off proposal prepared by OP/AD/PD teams on long outstanding balance against criteria as stipulated on the Company’s written off policies & seek approval from Finance’s side

• Retain all supporting documents for any manual posting and reconciliation with proper sign-off and ensure they are retrievable when needed
• Produce any other regular reports related to data in assigned groups of accounts on BS for other teams on committed timeline
• Take part in regular audit and ad-hoc audit works required both external and internal parties for any requirement related to balance of assigned accounts on BS

Other key ad-hoc activities (30%)

• Jointly work with various teams (e.g. IT, OP, Actuarial, Financial Reporting, Premium Collection Process/System Improvement) to provide advice and to

• enhance existing insurance accounting entries on system (e.g. automate any manual bookings, adjust any wrongly booking set up)
• set up new insurance accounting entries for new products, esp. investment product with required high level of booking complexity

• Play proactive role to work with Process/System Improvement team in Finance for proposing any process/system improvement/change to strengthen work productivity yet still ensuring work quality
• Support line manager to work with business teams for timely solving any ad-hoc issues related assigned group of accounts (e.g. sales/policyholders payment incidents)
• Provide back-up to other team members while they are absent to ensure minimal distraction on team’s operation

Build a career with us as we help our customers and the community live healthier, longer, better lives.

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