Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations. Job Description This r Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations. Job Description This role will be responsible for leading reinsurance treaty initiatives in Asia and will become the subject matter expert for all aspects of reinsurance accounting and reporting within Asia. This will involve analysis of reinsurance results, presenting analytical findings and the review and implementation of new reinsurance treaties, ensuring consistent and accurate implementation of reinsurance calculations and accounting models across Asia operations. The incumbent will also be expected to manage and own special projects related to the implementation of new accounting standards, operational initiatives, and treaty agreements. These projects will involve interacting and working directly with Global Finance, IT and Actuarial teams. Essential Responsibilities: (Allocate the percent of total working time spending on each accountability, which should add up to 100%) Individual Responsibilities: Prepare reinsurance settlements and analytical reporting for internal and external treaties across multiple accounting bases (IFRS, local, Bermuda and Barbados) for complex reinsurance treaties (25%) Compile and review reinsurance related footnote disclosures and reinsurance related Local & Reinsurance Statement schedules (5%) Facilitate Regulatory reporting (5%) Shared Responsibilities: Present reinsurance financial results to management on a quarterly basis (5%) Define and evaluate new reinsurance treaty accounting models and calculation methodologies (30%) Collaborate with global IT, Actuarial, Finance and Investments teams to manage changes in systems and processes due to new accounting standards, operational initiatives or new treaty agreements to ensure timeliness and integrity of financial data necessary to calculate and record treaty activity (25%) Mentor and share best practices with other team members (5%) This job description does not represent a comprehensive listing of job duties that are required of the employee performing this role. We reserve the right to change duties or assign additional duties at any time with or without notice. Job Requirements: Finance or Accounting degree CPA designation a plus 6+ years of relevant experience in finance and accounting Ability to learn and apply a large amount of technical accounting material Dedicated to continual process improvement with strong internal controls and ability to adapt well to change Strong computer skills using Microsoft Office Applications, particularly Excel and Access Experience with and knowledge of Essbase is an asset Knowledge of insurance industry and reinsurance is an asset Strong written and oral communication skills Competencies: Must be well-organized, innovative, and possess a high level of initiative. Curiosity and a commitment to understand complex financial transactions is essential. Excellent analytical, research and problem-solving skills Ability to multi-task and manage priorities in a demanding and deadline-oriented environment Comfortable working with senior levels of management and able to cope in a fast paced, dynamic work environment A team player who possesses a positive, self-starter attitude and work ethic Decision Authorities: Managing projects and major deliverables Day to day operational decision-making authority Decisions beyond normal day to day may require escalation to management If you are ready to unleash your potential, it's time to start your career with Manulife/John Hancock. About Manulife About Manulife Manulife Financial Corporation is a leading international financial services provider 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 Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and our global wealth and asset management segment, Manulife Investment Management, serves individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of March 31, 2021, we had CAD$1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.3 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. 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. 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 and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.
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Manulife - Agnes Yung
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