Associate / Assistant Manager, Finance (Accounts, Operations & System)

Associate / Assistant Manager, Finance (Accounts, Operations & System)

Great Eastern WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

The role is to assist Finance Manager in leading a team of associates in Finance Operation with key focus on monthly closing activities, expenses allocation (i.e. allocation for management expenses, direct expenses, threshold allocation, agency related expenses and balance scorecard commission), bank and accounts reconciliations, daily operations activities and manage other assignments as and when assigned.

• Involve in the monthly closing activities and daily tasks by the stipulated timelines.
• Complete monthly bank and account reconciliations as per stipulated timelines.
• Ensure all reconciliations are properly reviewed and all outstanding items are itemized with reasons and actions are taken as specified in the Standard Operating Procedures (SOPs) unless with valid reason.
• Prepare and review the monthly aging analysis for the bank and account balances. Ensure the balances are accurate and escape to the business users for their necessary actions.
• Ensure interfund settlement is settled on weekly basis.
• Perform / review and support financial closing activities within the stipulated timeframe.
• Perform / review bank and accounts reconciliations and ensure clearance within the stipulated timeframe, which includes liaising with various user departments.
• Perform / review and support daily finance operations activities (e.g. projection of cashflow, payment voucher coding, supplier bank assignment and etc.).
• Perform / review submissions to regulators (e.g. Bank Negara Malaysia, Registrar of Unclaimed Money, etc.).
• Assist in handling finance related queries and requirement from Group Finance.
• Implement processes to improve productivity and efficiency of finance operations and reconciliation.
• Review daily cash flow activities performed by the Cash flow preparer & Supplier maintenance.
• Assist in formulation, developing and ensuring the SOPs are reviewed and updated to reflect the actual practice on a yearly basis.
• To liaise with the bank for all outstanding payment or collection items that require further information from the bank.
• As part of the leadership team, work with key stakeholders to proactively shape the organisation’s culture and conduct environment that is aligned to the organization’s Core Values

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How you succeed

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Seniority level

Associate

Employment type

Full-time

Job function

Finance

Industries

Insurance

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