• Ensure completeness, accuracy, and timely delivery of various Investment Accounting related entries and reports for CPAIC and PALIC including those relating to Unit-Linked Transactions to address Local Management and Statutory requirements.
• Ensure that Investment transactions are properly booked in SHIP (Investment Accounting System) daily and reconciliation is performed monthly.
• Prepare a recording of journal entries in line with financial statement close process and deadlines
o Prepare entries to record various cash transactions on Investment accounts.
o Prepare entries to record Investments of Life and GI (purchase, sale/maturities, interest collection and accrual).
o Prepare entries to accrual of collection fees and/or other fees as may be applicable.
o Prepare other investment entries, as applicable.
o Obtain supporting documents with Investment Operations and/or Investment Team, especially in case of new Investment Funds.
o Assist/collaborate with other Teams to obtain support and/or in case of discrepancies or as needed.
• Prepare monthly reconciliation of Subsidiary ledger and General Ledger balances for accounts assigned to the Investment Team.
• Prepare various monthly and/or quarterly reports, as needed by the Management
o Accounts validation reports
o Insurance Commission reports
o BSP Reports
o Audit reports
o Assist in the preparation of Financial Statement Disclosures
o Other reports, as needed
o Assist/collaborate with other Teams to further understand variances.
• Assist manager on the accounting impact of new Investment Portfolio.
• Assist manager on business requirements for new accounting standards, as applicable.
• Perform other functions, as may be assigned.
Internal – CFO, FC, Finance LT, ELT, Investment Operations, Investment Team and FCA.
• Holds a bachelor's degree in major in Accountancy, preferably CPA
• With at least 2-3 years of experience in Accounting, Financial Reporting, Investment Accounting, and/or in Financial Statements preparation. Preferably from Insurance Companies or Financial Institutions.
• Knowledgeable in Philippines Financial Reporting Standards (PFRS)
• Able to work with cross-functional teams
• Keen to details and highly committed
• Proficient in Excel, and any accounting software