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Job Description:
Job description (heading) / Description du poste (titre)
- The FA&R Manager is a key role within Accounting & Controllership Team who: (1) leads the financial, management and regulatory reporting; (2) fulfills people management responsibilities; (3) manages internal controls, audit and compliance activities related to Finance function; (4) manages Finance initiatives and priorities; (5) handles administrative functions, as necessary.
Preferred skills (heading) / Compétences particulières (titre)
- In depth experience in financial and management reporting (local and group reporting)
- Knowledge and expertise in tax rules and regulations and various accounting standards such as IFRS and local statutory requirements.
- Preferably, with prior exposure to life insurance accounting standards, practices and regulations
- Strong analytical and problem-solving skills
- Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams
- Proficiency in use of Microsoft Word, Excel and Powerpoint.
- Project management skills (planning, time management and priority management); able to meet internal and/or external deadlines.
Qualifications (heading) / Compétences (titre)
- Bachelor’s degree in accountancy
- Certified Public Accountant (CPA) or equivalent designation
- Exposure to IFRS 17 and 9 is a plus.
- Knowledge of Business and Corporate finance and actuarial systems
- Knowledge of the insurance industry, products and related accounting issues
Responsibilities (heading) / Responsabilités (titre)
Financial Accounting and Reporting
- Lead group and local reporting activities, including financial, management, regulatory reporting). The said responsibility covers (but not limited to):
- Managing the overall completion of the end-to-end monthly and quarterly financial statement closing process, including completion of reporting deliverables (including IFRS 17 reporting)
- Managing capital assets and lease accounting.
- Managing reconciliation activities, involving completion of reconciliation packages to ensure full compliance with the Accounts Reconciliation Standard, monitoring, escalation and resolution of reconciling items.
- Collaborating with cross-functional teams (Finance, Actuarial, ALM, Regional Accounting and Control teams) to ensure a smooth closing process and timely completion of deliverables.
- Driving completion of local reporting requirements such as annual audited financial statements, corporate annual report, and quarterly reports required by the Securities and Exchange Commission and the Philippine Insurance Commission.
- Manage tax reporting requirements and support work needed on tax examinations.
- Lead the documentation of processes and procedures involving financial accounting and reporting.
People Management
- Manage team members, including driving performance management activities and overseeing / reviewing their tasks and deliverables
- Coach direct reports and other FA&R team members
Internal Controls, Audit and Compliance
- Drive process and control improvements to enhance operating effectiveness and generate efficiencies.
- Periodic review and updating of existing guidelines, processes, and procedures.
- Manage external and internal audit activities.
- Manage compliance, RCSA, ORE reporting processes insofar as FA&R teams are involved.
Finance Initiatives and Priorities
- Manage system enhancements, process documentation / improvements, preparation of requirements for new products and other Finance priorities.
- Drive the delivery of Finance projects and priorities.
Administrative Functions
- Organize and maintain filing/monitoring of all documents submitted to IC, BIR and SEC, in hard copies (if required) and scanned copies.
- Manage internal stakeholders, auditors and regulators related to the assigned tasks.
Job Category:
Finance
Posting End Date:
27/02/2025
What We Do
A UK company, Sun Life Financial of Canada is focused on building excellent customer service by offering the highest levels of customer care. We have been serving customers in the UK for over 100 years