Job Description
- Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS, with a strong focus on IFRS 17 reporting requirements.
- Perform day-to-day IFRS 17 accounting activities, including recognition, measurement, and reporting of insurance contracts (CSM, risk adjustment, discounting).
- Manage and ensure accuracy of general ledger, account reconciliations, and financial closing processes on a regular basis.
- Prepare and submit regulatory reports to OJK, ensuring full compliance with local regulatory requirements and reporting timelines.
- Liaise and coordinate with external and internal auditors, supporting audit processes and ensuring timely resolution of audit findings.
- Work closely with actuarial and IT teams to validate data inputs, financial models, and reporting outputs for IFRS 17 reporting.
- Maintain and implement accounting policies and procedures aligned with IFRS standards and regulatory expectations.
- Ensure strong internal controls over financial reporting, including data accuracy, completeness, and proper documentation.
- Analyze financial results and IFRS 17 impacts, providing clear explanations and insights to management.
- Identify and implement continuous improvements in reporting processes, systems, and data quality to enhance efficiency and accuracy.
Qualification:
- Bachelor’s degree in Accounting, Finance, or related field (Master’s degree is a plus).
- Minimum 5–8 years of relevant experience in accounting, financial reporting, or audit, preferably in the insurance industry.
- Proven hands-on experience in IFRS 17 reporting (business-as-usual operations, not only project/implementation).
- Strong experience in preparing and submitting OJK regulatory reports.
- Prior experience working with external auditors and handling end-to-end audit processes.
- Solid understanding of IFRS standards, especially IFRS 17; exposure to IFRS 9 is a plus.
- Familiarity with insurance accounting concepts and actuarial-related financial data.