Senior Finance Executive

Posted 4 Days Ago
7 Locations
Remote
Mid level
Insurance
The Role
The Senior Finance Executive oversees daily finance operations, prepares month-end GL closings, manages MFRS financial reporting, ensures compliance with accounting standards, and drives process optimization. This role requires significant analysis, documentation, and collaboration with various stakeholders, including auditors and management, to enhance financial practices.
Summary Generated by Built In

Join us as an Senior Finance Executive to make more of your specialist expertise and experience.

Under the supervision of the Senior Manager of Finance & Accounts, he/she will be responsible for carrying out day-to-day operations and reporting tasks in relation to controllership function in accordance with Company policies, procedures, professional standards, best practices, and regulatory guidelines for Company.

  • Month-end GL closing
  • To perform the monthly reconciliation of MFRS 17 ledger and MFRS 4 ledger.
  • To prepare and upload prerequisite manual input files in relevant Systems/Applications and perform validation.
    • Prepare and load Portfolio Files
    • Prepare and load Grouping Files
    • Prepare and load Expense Allocation Files
    • Prepare and load Credit Risk Margin Files
  • Defect Management:
    • Log defect in HP ALM with detailed information if error/issue is encountered.
    • Monitor Defects that have been raised to in HP ALM and ensure documentation meets Global Documentation Standards for respective entity.
    • Retest defect / re-execute test case when defect is fixed/ready for QA
  • MFRS 17 GL bookings Management:
    • Process FPSL to IFRS 17 GL (Journal Entries in IFRS 17 GL)
    • Validate FPSL to IFRS 17 GL (Journal Entries in IFRS 17 GL)
  • Regulatory and Regional Reporting
  • To perform the new enhanced BNM reporting for MFRS 4 and 17 of on a quarterly basis.
  • To prepare interim and annual financial statements for MFRS 17.
  • To assist in the implementation of the MFRS 17 project including but not limited to data mapping and system enhancement.
  • To perform regional financial management duties including generating financial data, compiling and submitting report and analyzing financial results.
  • To assist in various projects that involve Finance participation such as system enhancement.
  • To liaise with internal and external auditors during the interim and final audit.
  • To provide valuable analysis and reports to Management with timely, accurate and relevant information in compliant to all MFRS.
  • To independently research accounting guidelines for all new MFRS
  • Continually work to automate and optimize process-flows and spreadsheet models related to financial reporting.
  • To assist in analysis and reconciliation between UGAAP and MFRS reporting framework.
  • To work towards solid documentation and communication to senior management the status of implementation of accounting projects.
  • To pro-actively recommends improvement and enhancements to accounting process-flows
  • Other jobs and duties as needed.

What you'll need to succeed

  • Possess Bachelor Degree in Finance & Accounting or any other equivalent field Relevant working experience in related field
  • Proficient in English – able to write and communicate clearly in English
  • Strong Microsoft Excel skills

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to [email protected].


Functional Area:

FA - Finance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Malaysia Insurance Berhad

Top Skills

Hp Alm
Ifrs 17 Gl
Mfrs 17
Mfrs 4
Excel
The Company
HQ: New York, NY
49,681 Employees
On-site Workplace
Year Founded: 1919

What We Do

We're a leading global insurance organization with operations in more than 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.

What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Join us as we share our stories from around the organization. #LifeatAIG

AIG Social Media Community Guidelines: https://www.aig.com/communityguidelines

Facebook: http://www.facebook.com/AIGInsurance
Twitter: http://twitter.com/AIGinsurance
YouTube: http://www.youtube.com/aig

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