# Senior Associate-R2R Insurance & Reinsurance Accounting

**Company**: AIA Global Financial Solutions Malaysia
**Location**: Cyberjaya, MY
**Experience**: senior
**Job type**: full-time
**Category**: Finance
**Industry**: Finance

**Apply**: https://aia.wd3.myworkdayjobs.com/en-US/External/job/Cyberjaya-MY-AIA-Global-Financial-Solutions-Malaysia/Senior-Associate-R2R-Insurance---Reinsurance-Accounting_JR-69081-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_f267769d-2db

## Description

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

Reporting to Assistant Manager or Manager- Insurance & Reinsurance Accounting, this position shall support the insurance & reinsurance accounting process by performing routine of recording entries, reconciliations, assisting with month-end close activities, and ensuring compliance with internal controls.

**Job Description:**

Insurance and Reinsurance Accounting

- Prepare insurance and reinsurance transactions, including recording, matching and clearing entries in SAP

- Prepare reinsurance templates, inter-company billings, settlements, and clearing activities in accordance with defined procedures

- Support month-end closing activities to meet agreed timelines

- Prepare variance analysis and reasonableness checking on commentary for significant movements in balances and P&L.

- Prepare related to financial and management reports prepared by the team to ensure accuracy, consistency, and adherence to reporting guidelines.

- Perform daily system reconciliations and control reports, ensuring issues are identified, logged, and resolved appropriately by the team.

- Assist to review IFRS17 solution outputs and control reports, confirming completeness, accuracy, and alignment with source data.

- Assist to prepare IFRS reporting activities, including IFRS 17 / IFRS 4, by preparing movements, reconciliations, and supporting schedules.

Financial Reporting & Analysis

- Prepare quarterly / semi-annual / annual Group reporting template following Group Closing instructions.

Stakeholder Support

- Response to routine queries from internal teams promptly and professionally.

- Escalate unresolved issues to Assistant Manager as and when needed support.

Compliance & Documentation

- Maintain proper documentation for all transactions in line with audit requirements.

- Update Closing/Control Checklist, Training Materials and Business Process Manuals as and when required.

Control & Governance

- Support internal and external audits by providing required documentation and explanations.

- Ensure ICFR control objective is met.

Balance Sheet Reconciliation:

- Perform balance sheet accounts reconciliations and resolve the unreconciled / open items on a timely manner.

Process Improvement

- Contribute process improvement opportunities within insurance and reinsurance accounting workflows.

Others

- Involve in UAT as and when required.

- Perform other month end closing activities and ad hoc requests as and when required.

- Support on other projects and matters as and when required.

## Skills

### Required
- SAP
- IFRS17
- financial reporting
- accounting
- reinsurance

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Source: [Apply at aia.wd3.myworkdayjobs.com](https://aia.wd3.myworkdayjobs.com/en-US/External/job/Cyberjaya-MY-AIA-Global-Financial-Solutions-Malaysia/Senior-Associate-R2R-Insurance---Reinsurance-Accounting_JR-69081-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)