Specialized Accounting Manager

Job Summary

The Specialized Accounting Manager oversees specialized accounting functions covering investment accounting, treasury support, reinsurance accounting, cash management, regulatory reporting, and audit requirements for CPMI, MHI, and MPII.

The role ensures the accuracy, completeness, and timely preparation of financial schedules, investment reports, reinsurance transactions, regulatory submissions, and audit requirements. The Manager also provides technical guidance, reviews accounting processes and controls, and collaborates with internal teams and external stakeholders to ensure compliance with company policies and regulatory requirements.

Key Responsibilities

Investment Accounting & Treasury

• Oversee the preparation and review of daily cash position reports, investment placements, maturities, and funding requirements.
• Review PHP and USD time deposit schedules, bank rates, ROI monitoring reports, and investment portfolio reports.
• Monitor corporate bonds, government securities, and compliance with investment guidelines.
• Coordinate with banks, brokers, and dealers on investment placements, rollovers, earmarking, and related requirements.

Reinsurance Accounting

• Oversee reinsurance entries, recoveries, cash calls, and premium adjustments.
• Monitor reinsurance receivables and ensure timely processing of related collections and documentation.
• Maintain a 95% collection efficiency target for reinsurance recoveries.
• Ensure compliance with reinsurance schedules, treaty requirements, and IFRS 17-related processes.

Cash Management

• Review daily cash balances, fund transfers, and internal cash flow reports.
• Oversee bank reconciliation activities and ensure timely identification and clearing of collections and disbursements.
• Manage online banking enrollment, authorized users, signature cards, secretary's certificates, and other banking documentation.
• Ensure compliance with applicable cash management, Project Norm, and EOPT requirements.

Regulatory Reporting & Compliance

• Oversee the preparation and submission of Insurance Commission (IC) reports, including Schedule of Assets, EQRSFS, SPUCRI, and Annual Statement schedules.
• Review investment, reinsurance, cash, and premium receivable reports for accuracy and completeness.
• Support regulatory audits, inquiries, and other compliance requirements.

Financial Systems & Process Improvement

• Participate in the implementation and enhancement of financial systems such as SAPIENS, Micro Core, Treasury ERP, and Oracle Fusion.
• Identify opportunities to improve accounting processes, controls, and workflows.
• Support Excel automation, schedule enhancements, and template standardization across accounting teams.

External Audit & Financial Reporting

• Lead the preparation and review of audit schedules, working papers, and supporting documentation.
• Coordinate with external auditors and facilitate the timely completion of audit requirements.
• Review financial statement supporting schedules and ensure accuracy and timely submission.

Leadership & Team Development

• Provide technical guidance, coaching, and training to accounting team members.
• Promote accountability, collaboration, and continuous improvement within the team.
• Support recruitment and talent development initiatives for the accounting function.

Stakeholder Management & Governance

• Coordinate with Treasury, Financial Reporting, General Accounting, banks, brokers, reinsurers, and other stakeholders on accounting and reporting requirements.
• Support the development and implementation of guidelines covering investment, reinsurance, and cash management activities.
• Participate in relevant trainings, seminars, and internal and external financial meetings.

Backup & Business Continuity

• Serve as a backup for key accounting activities across CPMI, MHI, MPII, and PISC, including:
• Cash management entries and reconciliations
• Investment accounting for time deposits, government securities, and corporate bonds
• Premium receivable reconciliations
• Audit schedules and supporting documentation
• Retirement fund reporting
• Operations/payment preparation and journal entries
• Disbursement verification

Qualifications

• Certified Public Accountant (CPA) is required.
• At least 2 years of external audit experience or 1 year of treasury experience.
• Experience in the insurance industry is an advantage.
• Experience in audit coordination and preparation of financial statement supporting schedules.
• Strong knowledge of accounting processes, financial reporting, and internal controls.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Ability to manage multiple priorities and meet strict reporting deadlines.
• Good communication, coordination, and stakeholder management skills.
• Proficient in Microsoft Excel and financial/accounting systems.