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Job Information
Manulife Investment Accounting Senior Specialist 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
Job Description:
The Investments Accounting Senior Specialist is primarily responsible for the accounting, reporting, analysis, and interpretation of data related to impaired securities found on the internal AABOR (Accounting and Administrative Book of Records) and for ensuring accurate and timely accounting and reporting for impaired securities in accordance with company policies.
Key Responsibilities:
Accountable for Canadian GAAP, US GAAP and STAT (NAIC) accounting for impaired securities and ensuring the accounting is complete, accurate and timely
Prepares all input related to impairments for Canadian GAAP, US GAAP and STAT (NAIC) accounting and ensuring the input is complete, accurate and timely
Prepares reconciliation between company book of records and Lawson for each accounting basis, i.e., Canadian GAAP, US GAAP and STAT on all impairment related accounts
Prepares Summary of Provision Reports for Bonds, Stock and OIA securities for Canadian GAAP, US GAAP and STAT (NAIC) accounting and reconciles the reports to accounting book of records, Lawson and Market Value Data Warehouse. Investigates and works effectively with Sec Ops in Toronto and Boston to explain any variances
Recommends accounting entries to record late impairments or to correct accounting for impaired securities at month-end and proposes changes to process on accounting book of records.
Raises complex or outstanding impairment issues to management attention for further actions, as required
Investigates and works effectively with Sec Ops in Toronto and Boston to explain all significant impairment variances prior to month-end
Prepares a report at quarter-end to explain movement in provisions for review by management and ICG
Prepares a Watch List report at quarter-end provisions for review by management and ICG
Prepares a Trading Loss report at quarter-end provisions for review by management and ICG
Provide support for projects, new functionality and accounting testing
Maintains detailed files on all impaired securities including all transactions and backup
Prepares notional transfers accounting for gains and losses for inter-segment transactions
Assists in Suspense reconciliation and quarterly reporting to Corporate
Performs the general ledger to accounting books reconciliation and accounts for all variances
Preparation of all internal and regulatory reporting as it relates to Provisions and Impairments for CGAAP, USGAAP and USSTAT (NAIC)
Reconciliation of the Securities accounting system to the General Ledger for CGAAP, USGAAP and USSTAT
Ensures accurate and timely internal, regulatory and ad-hoc reporting
Business re-engineering of current processes in order to streamline and gain efficiencies
Qualifications:
Must be a graduate of any business courses preferably in accounting
Candidate must have at least 3-5 years working experience in the Investments industry, preferably within a securities accounting area
Hybrid Work Arrangement: Amenability and readiness to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation) and must be willing to work on night shift schedule
Minimum Skills to Hire/Must Haves:
Strong investment/securities knowledge – knows how equities fixed income instruments work; can calculate interest payments and perform variance analyses and UAT testing; has strong reconciliation experience between book (general ledger) and bank activities
Strong accounting knowledge – knows how to post journal entries (JETS) like debits and credits; deals with accounting framework and analyze accounting variances (income or expense)
Enrolment in or successfully completed professional designation or graduate degree (i.e. CPA, CGA, CMA, CFA) or relevant work experience
Post-secondary education, specializing in business or equivalent experience in securities accounting environment
Excellent written and verbal communication skills. Ability to converse effectively using the English Language
Strong conceptual skills, diagnostic, analytical and problem-solving skills and ability to exercise flexibility and judgment
Ability to work in a tight deadline-oriented environment
High level of accuracy and keen attention to detail
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 .