Assistant Manager, Finance Operations

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Finance & Accounting, Insurance | Selangor, Malaysia | RM108,000 per annum | 26 Apr 2019

Assistant Manager, Finance Operations


Specialisation: Finance & Accounting; Insurance

Email Karen

Location: Selangor, Malaysia
Salary: Up to MYR108,000 per annum
Type: Permanent
Posted On: 26th April 2019

Client Background & Role Summary:

Our client is a subsidiary of a global insurance organisation. They are a regional hub for the Insurance group’s shared services supporting the company’s insurance and finance operations across different businesses. They are looking for an Assistant Manager, Finance Operations

Key Responsibilities:

  • General Accounting:
    • Manage day-to-day general accounting financial operations including liaison with personnel from various department and business partner.
    • Ensure procedures adhered to and controls are documented accordingly.
    • Set objectives and define development plans for direct report in line with department objectives.
    • Ability to lead associate to ensure a smooth daily operation while improving existing processes.
    • Perform monthly financial close activities, ensure meeting SLA and deadlines.
    • Effectively assigns and delegate work, able to assess how Associates are able to improve performance, able to motivate and develop Associates.
    • Assist and supports in the change challenge initiative during transformation, anticipate problems and manage multiple deadlines.
    • Contribute to efficient and high quality finance operation function.
    • Day-to-day supervision of directs reports and workloads.
    • Team mentorship, leadership and motivation.
    • Assist Finance Operations Manager on other projects and matters as and when required.
  • Billing:
    • Monitor monthly billing to business partner according to group timeline.
    • Check and post AR invoice, DN/CN into SAP system by country and by cost center on monthly basis parked by Associate.
    • Brief Associate on new projects or requirement related to billing.
    • Provide feedback on business partner’s queries.
    • Monitor withholding tax document required by business partner for settlement purpose.
  • Interco (IC) Matching Report and Settlement:
    • Check and monitor IC Matching Report performed by Associate and perform any necessary action on any outstanding issue spotted.
    • Monitor ICT Settlement performed by Associate.
  • AR Aging:
    • Review monthly aging report.
    • Monitor AR credit control as per group policy, not more than 30 days settlement.
  • Bank:
    • Posting all bank charges parked by Associates.
    • Review bank reconciliation prepared by Associates.
  • Fixed Asset:
    • Review fixed asset created by associates.
    • Input asset no. created by associates in ARIBA and approve the PIR.
    • Support monthly depreciation run performed by associates should there be any issue.
  • Accruals and Prepayments:
    • Review monthly prepayment schedule, amortization and accruals entries.
  • Month-end closing:
    • Review and posting all reclassification/journal parked by Associate.
    • Run WBS settlement to cost center.
    • Perform reverse charge.
    • Perform FX Revaluation & translation.
    • Ensure completeness of all processes and month end closing.
    • Key contact person for assigned LBU.
  • Others:
    • Review Cash Flow forecast for AIA Reinsurance prepared by Associate.
    • Review and posting fund Transfer and Dividend payment entries prepared by Associate.
    • Perform UAT as and when required.


  • Bachelor’s Degree in Finance/Accountancy or equivalent.
  • Internationally Recognized Accounting Qualification (ACCA, etc.) will be an advantage.
  • At least 5 years’ experience in financial and accounting related field in an MNC environment.
  • At least 1 years supervisory and management experience in the above position.
  • Experience in a shared services or similar environment providing financial operations services to external/internal stakeholders.
  • Good knowledge of accounting standards and principles.
  • Good knowledge of proper control environments.
  • Good knowledge of how the SAP Accounting System and Business Intelligence System work and designed, and familiar with using the systems.
  • Good knowledge in Microsoft Excel, Power Point and Word.

If you are interested, kindly email your updated resume to Karen at or click “Apply Now”. Regretfully, only shortlisted candidates will be contacted. Thank you!