Job Description:
Support the production and delivery of accurate, timely financial and regulatory reporting for a general insurance business. Working within the Finance & Accounting team, this role spans monthly close activities, preparation of management and statutory accounts, regulatory submissions, and analysis of underwriting and financial results — with close collaboration across Underwriting, Claims and IT.
Key Responsibilities
Monthly Close & Financial Control
- Execute period-end close activities in line with the agreed timetable, including trial balance review, journal posting and sub-ledger to GL reconciliations.
- Perform closing checks across key balance sheet accounts — premium debtors, unearned premium reserve (UPR), claims provisions, reinsurance balances and suspense accounts.
- Prepare and post accruals, prepayments and reinsurance entries, ensuring completeness and accuracy of the general ledger at each period-end.
- Maintain and update the close control checklist; escalate unresolved items with clear documentation of financial impact and proposed resolution.
- Support the year-end audit process, preparing audit schedules, reconciliations and responses to external auditor queries.
Management Accounts & Reporting Packs
- Prepare monthly management accounts including P&L, balance sheet and cash flow for the general insurance entity or business units.
- Produce finance packs for the CFO, ManCom and Board, incorporating commentary on performance against budget, prior year and rolling forecast.
- Report GI-specific metrics — gross written premium (GWP), net earned premium (NEP), loss ratio, expense ratio and combined ratio — with segment-level breakdowns by line of business.
- Collaborate with Claims and Consulting Actuary to ensure claims reserves, IBNR and liability movements are accurately reflected in management accounts.
- Maintain and improve standard reporting templates, ensuring consistency and reducing manual effort at each close cycle.
Statutory, Regulatory & IFRS 17 Reporting
- Assist in the preparation of IFRS4 and IFRS 17-compliant statutory financial statements.
- Support preparation of all regulatory reports required by the Insurance Commission, SEC, BSP.
- Maintain consistency between IFRS 17 accounts, Solvency returns and management accounts, identifying and explaining any bridging items.
- Prepare Companies Act annual report disclosures under IAS 1, IFRS 9 and IFRS 4 and 17, ensuring compliance with current accounting standards and regulatory guidance.
- Coordinate with external auditors and the Appointed Actuary on the audit of insurance contract liabilities and actuarial assumptions.
Analysis of Financial Results
- Perform monthly variance analysis on income statement and balance sheet lines, identifying and explaining movements against budget, prior period and forecast.
- Analyse underwriting performance by line of business, investigating drivers of claims frequency and severity, large loss impacts and reinsurance recoveries.
- Provide analytical support to Finance Business Partners, FP&A and Underwriting teams to facilitate informed business decisions.
- Prepare ad hoc financial analysis and modelling to support strategic projects, pricing reviews, business planning cycles and regulatory enquiries.
Systems, Data & Process Improvement
- Serve as the Finance point of contact for issues arising from policy administration, claims and actuarial data feeds into the general ledger; liaise with IT to investigate, resolve and document fixes.
- Identify and implement process improvements to reduce close cycle time, improve data quality and strengthen the control environment.
- Maintain procedural documentation for all core reporting processes, ensuring resilience and continuity across the team.
Job Skills And Qualifications:
- Graduate of Bachelor of Science in Accountancy
- Certified Public Accountant is an advantage but not preferred.
- At least 2 years or more professional experience, preferably in financial analysis or management accounting or in a similar role.
- Preferably with experience working in one of the Big 4 firms with the insurance industry as the main exposure; and/or a reputable Insurance company focusing on regulatory and reporting functions
- Advanced Excel capabilities
- Knowledge of basic non-life insurance and Investment Accounting
- Highly organized with attention to detail
- Ability to multitask, prioritize and deliver results on time under pressure
- Good written and verbal communication skills
Work setup: Full Onsite
Shift: Dayshift
Location: Alabang, Muntinlupa
By Applying, you give consent to collect, store, and/or process personal and/or sensitive information for the purpose of recruitment and employment may it be internal to Cobden & Carter International and/or to its clients.
