Finance, Analyst
AIA Malaysia
Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
Finance / Banking / Insurance
It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.
And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business.
Sound like you? Then read on.
About The Role
The position is responsible for accurate reporting of related party transactions by preparing the required reports, handling regular related party transactions and assist in monitoring and resolving discrepancies arising from matters relating to related parties on timely basis.
Roles And Responsibilities
Inter-Company Closing
- Work closely with Local business Units (LBU) and team members to ensure intercompany billings and invoices are being processed and captured in SAP accurately and timely by performing necessary checks on working papers and reasonableness checks to ensure accuracy and completeness prior to recording into the General Ledger.
- Provide insightful analysis by collaborating with LBU independently in providing explanation on fluctuations over related party transactions and balances within comparable reporting periods.
- Track actual intercompany transactions spend against the approved budget and proactively engage the relevant LBU to understand the reasons for over/under spent and work alongside with LBU to forecast further budget required for the remaining financial year.
- Prepare Intercompany matching report, quarterly submission of Balance Sheet Reconciliation, Board papers, Statement of Disclosure on RPT and any ad-hoc reports to Head of Finance, Group Office, Bank Negara, Board of Directors and Audit Committee.
- Assist in budgeting management, including budget planning and budget monitoring as part of the Company’s wide budget exercise and reporting of Actual vs Budget to management.
- Support superior to develop and recommend areas for enhancements and improvements on current reports and processes for lean improvements and needs of stakeholders, as necessary.
- Responsible to obtain necessary approvals from relevant parties on related party’s billings and perform the settlement of outstanding balances within the stipulated timeline.
- Monitor the intercompany balance aging and follow up on long outstanding balance with related parties for settlement.
- Qualification: Relevant degree or Professional Qualification, preferred accounting or accounting.
- Experience: > 3 years of working experience in audit / accounting.
- Analytical mind with sound problem identification and solving abilities.
- Agile team player and able to work independently with minimum supervision.
- Proficiency in Microsoft Office & Excel are required.
- Familiar with SAP accounting system will be an added advantage.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
About the company
Company website•Insurance
AIA Bhd. 200701032867 (790895-D), AIA PUBLIC Takaful Bhd. 201101007816 (935955-M) and AIA General Berhad 201001040438 (924363-W) are members of Perbadanan Insurans Deposit Malaysia ("PIDM")
AIA Malaysia offers a suite of financial solutions including Protection, Health, Personal Accident, Employee Benefits, General Insurance, Mortgage, Retirement and Family Takaful products to meet our customers’ protection and financial security needs at every life stage.
Through our wide and diverse distribution footprint which comprises more than 17,000 strong Life Planner force, exclusive bank partner’s branches as well as corporate sales teams and brokers, we give our customers the choice of deciding how, when and where they connect with us.
Part of the AIA Group, the largest independent publicly listed pan-Asian life insurance group, we have the financial strength, experience, service centre network and a well-trained team of more than 2,400 employees to serve our 5.2 million customers nationwide.
We strive to make a significant and positive impact for our customers and communities, a commitment further reinforced by our Purpose to help millions of people understand and manage their health, wealth and long-term savings and protection needs, ultimately living Healthier, Longer, Better Lives.