Insurance/Takaful Accounting Specialist

Insurance/Takaful Accounting Specialist

Key Responsibilities:

The selected candidate shall be responsible for the following duties:

• Collect and analyse financial data to support accurate financial reporting.
• Perform thorough data reconciliations and validations across systems.
• Identify, investigate, and resolve discrepancies or variances in financial and non-financial data.
• Populate IFRS 17 data templates using information from operational and reporting systems for upload into the IFRS 17 engine.
• Extract results from the IFRS 17 reporting engine and post corresponding entries to the General Ledger (GL) and Trial Balance (TB).
• Prepare IFRS 17-based trial balances for review by the line manager.
• Reconcile IFRS 4 results with IFRS 17 outputs to ensure consistency and compliance.
• Assist the Principal Accountant / Manager Finance in maintaining up-to-date accounting records to support timely and accurate management reporting.
• Support the preparation and finalization of quarterly and annual financial statements in accordance with applicable standards.
• Maintain and reconcile general ledger accounts to ensure completeness and accuracy.
• Record financial transactions promptly and accurately.
• Prepare audit schedules and documentation, and assist with addressing audit findings and implementing recommendations.
• Collaborate with external consultants and internal stakeholders to enhance integration.

Role Requirements:

The ideal candidate should meet the following criteria:

• Demonstrated experience in IFRS 17 accounting within the Takaful/Insurance sector.
• Prior hands-on experience in financial reporting and accounting operations of an Insurance or Takaful company.
• Excellent command of English (both written and spoken).
• A relevant qualification from an internationally recognized institute, such as CA, CPA, ACCA, CMA, or a Master’s in Finance.

Experience Requirements:

5 to 6 years of relevant accounting experience

Job Type: Full-time