senior specialist, ga securities AccountingThe Manufacturers Life Insurance Co (Phils) Inc( Manulife Philippines )

Job Description
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Hybrid
Job Description
Role and Responsibilities
As part of a team, the Senior Financial Accounting Analyst within the Securities Accounting group is responsible for timely, complete and accurate accounting and reporting for all impaired securities in company's book of records. Individual duties will involve some of the following over the course of the assignment:
Accountable for Canadian GAAP, US GAAP and STAT (NAIC) accounting for impaired securities and ensuring the accounting is complete, accurate and timely Prepares all input related to impairments for Canadian GAAP, US GAAP and STAT (NAIC) accounting and ensuring the input is complete, accurate and timely Prepares reconciliation between company book of records and Lawson for each accounting basis, i.e., Canadian GAAP, US GAAP and STAT on all impairment related accounts. Prepares Summary of Provision Reports for Bonds, Stock and OIA securities for Canadian GAAP, US GAAP and STAT (NAIC) accounting and reconciles the reports to Maximis, Lawson and Market Value Data Warehouse. Investigates and works effectively with Sec Ops in Toronto and Boston to explain any variances. Recommends accounting entries to record late impairments or to correct accounting for impaired securities at month-end and proposes changes to process on Maximis. Raises complex or outstanding impairment issues to management attention for further actions, as required. Investigates and works effectively with Sec Ops in Toronto and Boston to explain all significant impairment variances prior to month-end. Prepares a report at quarter-end to explain movement in provisions for review by management and ICG. Prepares a Watch List report at quarter-end provisions for review by management and ICG. Prepares a Trading Loss report at quarter-end provisions for review by management and ICG. Provide support for projects new functiona lity and accounting testing. Maintains detailed files on all impaired securities including all transactions and backup. Prepares notional transfers accounting for gains and losses for inter-segment transactions. Assists in Suspense reconciliation and quarterly reporting to Corporate Performs the general ledger to MAXIMIS reconciliation and accounts for all variances. Preparation of all internal and regulatory reporting as it relates to Provisions and Impairments for CGAAP, USGAAP and USSTAT (NAIC). Reconciliation of the Securities accounting system (Maximis) to the General Ledger for CGAAP, USGAAP and USSTAT. Ensures accurate and timely internal, regulatory and ad-hoc reporting Business re-engineering of current processes in order to stream line and gain efficiencies
Knowledge/Skills/Competencies
.Sound analytical and problem-solving skills, with the ability to interpret complex accounting data
.Solid understanding of company's accounting policies for impaired securities and related accounting
.Strong organizational and time management skills with the ability to be flexible to changing environments and to work independently and meet tight deadlines
.Excellent pc skills and ability to learn new applications quickly
.Sound knowledge of Securities accounting for US GAAP, US STAT and Canadian GAAP
.Solid understanding of differences between accounting basis (i.e., CGAAP and USGAAP)
.Demonstrated initiative and strong team player
.Detail oriented
.Team player
Qualifications
- Candidate must have at least 3-5 years working experience in the Investments industry, preferably within a securities accounting area
- Must be a graduate of any business courses preferably in Accounting
- Enrolment in or successfully completed professional designation or graduate degree (i.e. CPA, CGA, CMA, CFA) or relevant work experience
- Post-secondary education, specializing in business or equivalent experience in securities accounting environment
- Excellent written and verbal communication skills. Ability to converse effectively using the English Language
- Strong conceptual skills, diagnostic, analytical and problem-solving skills and ability to exercise flexibility and judgment
- Ability to work in a tight deadline-oriented environment
- High level of accuracy and keen attention to detail
- Willing to work on a fixed night shift schedule
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as MFC on the Toronto, New York, and the Philippine stock exchanges, and under 945 in Hong Kong.
Manulife is an Equal Opportunity Employer