Insurance/Takaful Accounting Specialist
Key Responsibilities:
The selected candidate shall be responsible for the following duties:
- Collect and analyse financial data to support accurate financial reporting.
- Perform thorough data reconciliations and validations across systems.
- Identify, investigate, and resolve discrepancies or variances in financial and non-financial data.
- Populate IFRS 17 data templates using information from operational and reporting systems for upload into the IFRS 17 engine.
- Extract results from the IFRS 17 reporting engine and post corresponding entries to the General Ledger (GL) and Trial Balance (TB).
- Prepare IFRS 17-based trial balances for review by the line manager.
- Reconcile IFRS 4 results with IFRS 17 outputs to ensure consistency and compliance.
- Assist the Principal Accountant / Manager Finance in maintaining up-to-date accounting records to support timely and accurate management reporting.
- Support the preparation and finalization of quarterly and annual financial statements in accordance with applicable standards.
- Maintain and reconcile general ledger accounts to ensure completeness and accuracy.
- Record financial transactions promptly and accurately.
- Prepare audit schedules and documentation, and assist with addressing audit findings and implementing recommendations.
- Collaborate with external consultants and internal stakeholders to enhance integration.
Role Requirements:
The ideal candidate should meet the following criteria:
- Demonstrated experience in IFRS 17 accounting within the Takaful/Insurance sector.
- Prior hands-on experience in financial reporting and accounting operations of an Insurance or Takaful company.
- Excellent command of English (both written and spoken).
- A relevant qualification from an internationally recognized institute, such as CA, CPA, ACCA, CMA, or a Master’s in Finance.
Experience Requirements:
5 to 6 years of relevant accounting experience
Job Type: Full-time
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