Job Information
Manulife Finance Senior Manager in Quezon City, Philippines
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Hybrid
Job Description
Are you looking for a supportive and collaborative workplace with great benefits and clear career development? You’ve come to the right place.
Why choose Manulife?
Competitive Salary packages and performance bonuses
Day 1 HMO + FREE coverage for your dependents (inclusive of same-sex partners)
Retirement savings benefit
Rewarding culture that values wellness and well-being
Performance Bonus
Global network of industry experts
Extensive training resources
The opportunity
This position is accountable for the managing the Regional Office accounting, financial and management reporting, expense management, budgeting and forecasting and also support the Asia Legal, Compliance, Audit, Risk and Management Function as a finance partner.
Working with senior management in Regional Office and Business Unit level, the role is expected to achieve the business objective of improved expense efficiency by providing governance and oversight of spend. Being an extended team member in MBPS, this role requires travelling to Hong Kong regularly (e.g. Once a quarter).
Accountable to the Finance Control Operations Director in MBPS, the role is primarily accountable for managing the Regional Office accounting, financial and management reporting, expense management, budgeting and forecasting and also support the Asia Legal, Compliance, Audit, Risk and Management Function as a finance partner. The role directly supports the Head of Expense Management Asia.
Responsibilities include the following:
Provide timely, accurate and insightful expense forecasts with commentary to facilitate business review meetings, business decisions and to drive expense accountability for the Regional Office and the assigned Asia functions. This requires working with regional functional teams and local teams to ensure that the information is sufficiently robust for decision-making purposes.
Partner with the key stakeholders, including the Function Owner, to identify the spending trend and patterns, potential savings (SCM) / accrual needed and area of potential spending to align with and achieve the Regional Office and Asia Division strategic goals.
Provide and present monthly expense and FTE reports (MoM, QoQ, YoY, vs Plan, vs Forecast) to the ADEC function heads in Regional Office regarding Asia functional expenses and address any queries
Manage regional office legal entity reporting, including regional office expenses, expense allocation to business units. This includes liaising with regional functional teams and the BU finance teams to ensure the allocation basis is appropriate, meets tax transfer pricing requirements, and is understood and accepted by the business units.
Lead and in charge of all intercompany charges and communication with BUs to ensure proper elimination on Group level.
Manage accounting and global reporting requirements for RO subsidiaries such as OQC Thailand Inc, CDF Thailand, Inc. MLI – India LO, Regional office in Singapore (MFSL) for the following reports:
Service Contract Revenue Disclosures (All Asia BU)
SAD Reporting (All Asia BU)
SOX Reporting (RO as a BU only)
FSRT Reporting (RO as a BU only)
Past Due and Impaired Financial Assets (All Asia BU)
Manage Group Financial reporting and transfer pricing deliverables for Asia to ensure accurate and timely information is provided for Group external financial statement publication
Work with Corporate team to develop, implement, maintain and operationalize expense policies to ensure that an expense-conscious culture is embedded within Manulife Asia. Work with the business unit finance teams to ensure that this is mirrored at the business unit level.
Provides support to Regional Office in the preparation and review of the Finance Function for RO and Asia BUs
Participate in Regional priority and strategic projects, list but not limited to:
a. Project Manager for Global Intercompany Project
b. Project Manager for MFAL and MFSL on Financial Statements Automation
c. Workstream lead for Ivalua Project Phase 3
d. Participate in Anaplan rollout to Asia BUs for all MVPs
e. Participate in Regional Warpspeed project
f. IFRS17 reporting adaptation and education to BUs regarding expenses impact
- Participate in projects as assigned or other ad hoc activities.
Special Projects
- Special projects will arise from time to time that will require strong financial knowledge, strong analytical and organizational skills with an innovative mindset. The role will be responsible ad-hoc projects as required by senior management pertaining to the introduction of new services, products and processes designed.
Individual Accountabilities:
Asia & Regional Office expense budget
Asia & Regional Office expense actuals reporting
Asia & Regional Office expense forecasts
Regional Office allocation
Asia Expense BU representative
Asia Functional Expense representative
What motivates you?
You obsess about customers, listen, engage and act for their benefit.
You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
You thrive in teams and enjoy getting things done together.
You take ownership and build solutions, focusing on what matters.
You do what is right, work with integrity and speak up.
You share your humanity, helping us build a diverse and inclusive work environment for everyone.
What we are looking for
University Business Degree and/or recognized accounting designation (Chartered Accountant or CPA);
10+ years of progressive financial reporting and management experience; Life insurance industry experience is preferred
Experience working with senior management teams (Strong stakeholder management requiring persuasion / influencing skills); relationship building and negotiation skills
Prior experience of managing shared services/offshore team is an advantage
Excellent analytical, problem-solving, and strong stakeholder management capabilities
Strong technical accounting skills with a solid understanding of the business environment
Advanced Excel skills and experience with database applications
Strong project management skills
Self-starter, detail-oriented, willingness to take ownership and accountability
Able to cope in a fast paced and dynamic work environment, with the mindset of continuous improvement and aiming for excellence
Strong oral/written communication skills required to interact with senior officers and representatives from other Divisions and functional departments
Candidate should be willing to travel to Hong Kong regularly for business trips (once a quarter)
Competencies:
Strong relationship management skills to build enduring and productive alliances across matrix organizations. Experience in partnering with a diverse team located in multiple locations and time zones.
Strong presentation, influencing and negotiation skills across the organization.
Demonstrates strong flexibility in the face of ambiguous situations, shifting demands, and challenging work environments. Uses diplomacy and tact to resolve difficult situations. Escalates more serious issues to management.
Excellent initiative and ability to commit to a course of action in the face of risks and uncertainty
Professional attitude and client service orientation; collaborative and results-oriented
Practical problem-solving skills and the ability to influence change
Strong oral/written communication skills required to interact with senior officers and representatives from other Divisions and functional departments
Strong organizational and time management skills with the ability to be flexible to changing environments
Ability to work independently and willing to collaborate with other teams for a project with huge scale benefits
What can we offer you?
A competitive salary and benefits packages.
A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
A focus on growing your career path with us.
Flexible work policies and strong work-life balance.
Professional development and leadership opportunities.
Our commitment to you
Values-first cultureWe lead with our Values every day and bring them to life together.
Boundless opportunityWe create opportunities to learn and grow at every stage of your career.
Continuous innovationWe invite you to help redefine the future of financial services.
Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.
Championing Corporate CitizenshipWe build a business that benefits all stakeholders and has a positive social and environmental impact.
This Job Description is intended to describe the general nature and level of the work being performed. It is not intended to be a comprehensive list of all responsibilities, duties and skills required for this role.
Let's make every day better together. Learn about our opportunities at JOBS.MANULIFE.COM
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.
Manulife is an Equal Opportunity Employer
At Manulife /John Hancock , we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour , ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process . All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies . To request a reasonable accommodation in the application process, contact .