Business Finance Analyst
6 days ago
Company Overview
Manulife Financial Corporation is a leading international financial services provider. Our mission is to help people make their decisions easier and lives better.
Job Summary
The Senior Financial Analyst will be responsible for the accurate and timely accounting and reconciliation of Asia suspense accounts across all Asia countries. This role involves analysis and interpretation of complex accounting data, understanding of insurance operations, and solid experience in accounting and controls.
Responsibilities
- Prepare regular reconciliation, matching rate, and aging reports of suspense accounts owned by assigned business areas.
- Ensure that commentaries are provided reflecting the review and results of investigation.
- Monitor and report accounts at risk of exceeding materiality threshold and/or beyond clearing standards for assigned business units.
- Coordinate with assigned account owners for follow-up actions. Identify possible adjustments needed as a result of analysis and reconciliation, including write-offs of unclaimed property (custodian).
- Meet all set deadlines by the Operations team and the financial reporting cycle for sign-offs, risk reporting, write-offs, and any reports or requirements set by the department.
- Responsible for the onboarding of new accounts into the suspense account management tool (Cadency).
- Partner with Operation and Finance Process & Modernization teams to review/add/edit matching rules to increase auto-matching rates through Cadency.
- Ensure that right practices are observed and followed, such as separation of duties and suspense account management standards established by Asia Finance.
- Escalate appropriately to ensure risks and issues requiring immediate attention are managed and resolved.
- Lead touchpoint meetings, if needed, with business operations and leaders per business area.
- Responsible for maintaining process documents to capture the essence of the business and accounting model.
- Conduct peer-to-peer quality checks for journal entries and reports produced by team members, if any.
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