Assistant Manager, International Financial Reporting Standard 17 (IFRS)

Recruiter
Prudential
Location
Kuala Lumpur, Malaysia
Salary
Competitive salary
Posted
14 Sep 2020
Closes
16 Oct 2020
Ref
7877411
Job role
Accountant
Experience level
Manager
At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone's ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.

The incumbent is responsible in supporting Technical, Solution or General Ledger workstreams in end-to-end implementation of the new insurance accounting standard, IFRS 17 & MFRS 17, of the Company and ensure the delivery of project tasks at a quality and timely manner.

PRINCIPAL DUTIES & RESPONSIBILITIES:
  • Assist in the technical discussion and assessments for the implementation of IFRS/MFRS 17
  • Assist in solution workstream covering new subledger solution and general ledgers set up
  • Responsible in accounting system calibration, user-acceptance test and financial reports customization
  • Assist in preparing documentation for all new processes and accounting policies
  • Propose and assist in the implementation of appropriate procedures and systems to improve operational effectiveness and efficiency as well as internal control
  • Assist in production of financial statements that are compliant with IFRS/MFRS 17 requirements
  • Oversees and guiding juniors in executing and delivering tasks assigned at timely manner
  • Liaise with various internal and external counterparties and proactively report any concerns or unresolved issues that may lead to project delays
  • Provide regular IFRS 17 knowledge sharing to stakeholders
  • Participate and assist in ad hoc tasks


JOB SPECIFICATION
  • Degree in Finance/Accounting related discipline or Professional qualification (ACA, CPA, ACCA or equivalent)
  • Minimum 3-4 years related working experience
  • Ability to work with diverse personalities across various disciplines, cultures and business practices inherent to an international organization
  • A team player with good interpersonal skills, able to work independently and under pressure
  • Result oriented with a sense of urgency to follow up with project-related matters to resolution
  • Understanding of general IFRS and IAS principles are required
  • Knowledge in IFRS 17 would be beneficial
  • Preferably candidate from life insurance industry and/ or audit background

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