About this Senior Associate-R2R Insurance & Reinsurance Accounting role at AIA
At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.
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
Reporting to Assistant Manager or Manager- Insurance & Reinsurance Accounting, this position shall support the insurance & reinsurance accounting process by performing routine of recording entries, reconciliations, assisting with month-end close activities, and ensuring compliance with internal controls.Job Description:
Insurance and Reinsurance Accounting
Prepare insurance and reinsurance transactions, including recording, matching and clearing entries in SAP
Prepare reinsurance templates, inter‑company billings, settlements, and clearing activities in accordance with defined procedures
Support month‑end closing activities to meet agreed timelines
Prepare variance analysis and reasonableness checking on commentary for significant movements in balances and P&L.
Prepare related to financial and management reports prepared by the team to ensure accuracy, consistency, and adherence to reporting guidelines.
Perform daily system reconciliations and control reports, ensuring issues are identified, logged, and resolved appropriately by the team.
Assist to review IFRS17 solution outputs and control reports, confirming completeness, accuracy, and alignment with source data.
Assist to prepare IFRS reporting activities, including IFRS 17 / IFRS 4, by preparing movements, reconciliations, and supporting schedules.
Financial Reporting & Analysis
Prepare quarterly / semi-annual / annual Group reporting template following Group Closing instructions.
Stakeholder Support
Response to routine queries from internal teams promptly and professionally.
Escalate unresolved issues to Assistant Manager as and when needed support.
Compliance & Documentation
Maintain proper documentation for all transactions in line with audit requirements.
Update Closing/Control Checklist, Training Materials and Business Process Manuals as and when required.
Control & Governance
Support internal and external audits by providing required documentation and explanations.
Ensure ICFR control objective is met.
Balance Sheet Reconciliation:
Perform balance sheet accounts reconciliations and resolve the unreconciled / open items on a timely manner.
Process Improvement
Contribute process improvement opportunities within insurance and reinsurance accounting workflows.
Others
Involve in UAT as and when required.
Perform other month end closing activities and ad hoc requests as and when required.
Support on other projects and matters as and when required.
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
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.
