Financial Accounting and Reporting Senior Associate
FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.
FWD Group is a pan-Asian life insurance business with more than 11 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.
For more information, please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent
Job Purpose:
Financial Accounting & Reporting Senior Specialist will be under the supervision of the Finance Accounting and Reporting Associate Manager (FAR-AM) under the General Accounting. This person will assist in the application of accounting operational policies and performance of tasks related to general accounting and bank reconciliation; head office reporting; and financial and regulatory reporting.
Key Responsibilities:
1. Should be able to complete the bank recon on a timely manner, be able to focus on coordination and clearing of recon items on a timely manner with other teams (Premium Management, Investment accounting, Disbursement Accounting) and assist in the optimization of the bank recon automation tool with the aim of eventually performing the bank recon on a daily basis.
2. Assist in BS Recons assigned and submit in timely manner
3. Prepare monthly journal entries for FS close process (majority: bank charges, CCRE, Fixed Asset, assistance in: HR accruals, Opex recurring and non-recurring accruals, non-operating expenses,)
4. Assist in adhoc tasks (LA or various reports that needs investigation) and UAT’s.
5. Assist in EY audit and AS preparation
Knowledge and Skills:
Education & Certification: College Graduate, preferably of accounting or accounting related course.
Experience: Work experience with audit firm is preferred but not required.
Experienced in preparing bank recon, BS recon, financial reports, fixed assets, and preparation of audit schedules. Insurance experience is a plus.
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FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.
When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.
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