Working Hours : 9:00AM - 5:00PM ( 5 days per week )
Location : Financial Park, Jalan Merdeka, 87000 Labuan, Labuan, Malaysia
Benefits : Flexible Working Hours, Company Trip, EPF & Socso, Annual Leave, Career Progression / Advancement
Job Scope / Responsibilities :

• Oversee the preparation of financial statements in accordance with IFRS 17, ICAF, or local accounting standards applicable to the reinsurance industry;
• Monitor and implement new accounting pronouncements and ensure compliance with evolving accounting standards;
• Ensure compliance with all regulatory requirements specific to the reinsurance industry;
• Manage the day-to-day accounting operations, including general ledger, accounts payable, accounts receivable, and tax functions;
• Lead the month-end, quarter-end and year-end closing processes, ensuring accuracy and timeliness;
• Oversee the reconciliation of reinsurance contracts, including premium, claims, and reserve accounting;
• Provide strategic leadership to the accounting department, setting goals and ensuring alignment with the overall business strategy;
• Collaborate with the CFO and other executives to provide financial insights and analysis that support decision-making and strategic planning;
• Develop and mentor accounting teams, fostering a culture of high performance, accountability, and continuous improvement;
• Act as a trusted advisor to senior management on complex accounting and financial issues;
• Identify and manage accounting-related risks, ensuring the integrity of financial reporting and compliance with risk management frameworks;
• Ensure accurate accounting for reinsurance contracts, including reserve adequacy, loss development, and premium allocation;
• Coordinate and manage internal and external audits, including preparation of audit schedules and responding to auditor inquiries;
• Ensure proper documentation and compliance with accounting policies and internal control processes;
• Work with the accounting team to manage cash flow and liquidity, ensuring the company’s ability to meet its financial obligations.

Requirements :

• Bachelor’s degree in Accounting, Finance, or a related field; ACCA or relevant certifications is highly advantageous.
• Extensive experience in the reinsurance or insurance industry, with a strong understanding of reinsurance accounting principles and regulatory requirements.
• Deep understanding of reinsurance accounting, including reserve setting, premium recognition, and claims management.
• Strong knowledge of financial systems and proficiency in accounting software
• Exceptional leadership and team management skills.
• Strong ability to lead and inspire the accounting team to achieve organizational goals.
• In-depth knowledge of reinsurance accounting standards and regulatory requirements.

Job Type: Full-time
Pay: RM8,000.00 - RM10,000.00 per month
Schedule:

• Monday to Friday