Securities Accounting - Financial Accounting Analyst
Manulife
Quezon City, PH
14m ago

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

The Opportunity

The customer is the focus of everything we do, and millions of end users rely on our products daily. We believe in the value of empowering our employees with the resources to solve critical problems for the future of our business, which is why we need you.

The Securities Accounting Analyst will be primarily responsible for the accounting, reporting, analysis and interpretation of data related to impaired securities found in the internal book of records and to ensure accurate and timely accounting and reporting for impaired securities in the internal book of records in accordance with company policies.

What motivates you?

  • You obsess about customers, listen, engage and act for their benefit
  • You think big, with curiosity to discover ways to use your agile mindset and enable business outcomes
  • You thrive in teams, and enjoy getting things done together
  • You take ownership and build solutions, focusing on what matters
  • You do what is right, work with integrity and speak up
  • You share your humanity, helping us build a diverse and inclusive work environment for everyone
  • We are looking for someone with :

  • Post secondary education, specializing in business or equivalent experience in securities accounting environment.
  • CPA designation is preferred
  • 3-5 years experience working in the Investments industry, preferably within a securities accounting area.
  • Enrollment in or successfully completed professional designation or graduate degree (i.e. CA, CGA, CMA, CFA) or relevant work experience.
  • Successful completion or enrollment in CSC an asset
  • On the job you will :

  • responsible for timely, complete and accurate accounting and reporting for all impaired securities on Maximis. Individual duties will involve some of the following over the course of the assignment
  • Accountable for Canadian GAAP, US GAAP and STAT (NAIC) accounting for impaired securities on Maximis and ensuring the accounting is complete, accurate and timely.
  • Prepares all Maximis input related to impairments for Canadian GAAP, US GAAP and STAT (NAIC) accounting and ensuring the input is complete, accurate and timely.
  • Prepares reconciliation between Maximis and Lawson for each accounting basis, i.e., Canadian GAAP, US GAAP and STAT on all impairment related accounts.
  • Prepares Summary of Provision Reports for Bonds, Stock and OIA securities for Canadian GAAP, US GAAP and STAT (NAIC) accounting and reconciles the reports to Maximis, Lawson and Market Value Data Warehouse.
  • Investigates and works effectively with Sec Ops in Toronto and Boston to explain any variances.

  • Recommends accounting entries to record late impairments or to correct accounting for impaired securities at month-end and proposes changes to process on Maximis.
  • Raises complex or outstanding impairment issues to management attention for further actions, as required.
  • Investigates and works effectively with Sec Ops in Toronto and Boston to explain all significant impairment variances prior to month-end.
  • Prepares a report at quarter-end to explain movement in provisions for review by management and ICG.
  • Prepares a Watch List report at quarter-end provisions for review by management and ICG.
  • Prepares a Trading Loss report at quarter-end provisions for review by management and ICG.
  • Provide support for projects; new functionality and accounting testing.
  • Maintains detailed files on all impaired securities including all transactions and backup.
  • Prepares notional transfers accounting for gains and losses for inter-segment transactions.
  • Assists in Suspense reconciliation and quarterly reporting to Corporate
  • Performs the general ledger to MAXIMIS reconciliation and accounts for all variances.
  • Preparation of all internal and regulatory reporting as it relates to Provisions and Impairments for CGAAP, USGAAP and USSTAT (NAIC).
  • Reconciliation of the Securities accounting system (Maximis) to the General Ledger for CGAAP, USGAAP and USSTAT.
  • Ensures accurate and timely internal, regulatory and ad-hoc reporting
  • Business re-engineering of current processes in order to stream line and gain efficiencies
  • Nice to Haves :

  • Sound analytical and problem solving skills, with the ability to interpret complex accounting data
  • Solid understanding of company’s accounting policies for impaired securities and related accounting
  • Strong organizational and time management skills with the ability to be flexible to changing environments and to work independently and meet tight deadlines
  • Excellent pc skills and ability to learn new applications quickly
  • Sound knowledge of Securities accounting for US GAAP, US STAT and Canadian GAAP
  • Solid understanding of differences between accounting basis (i.e., CGAAP and USGAAP)
  • Demonstrated initiative, strong team player, and detail oriented
  • Our commitment to you :

  • Our mission; to be a part of making Decisions Easier and Lives Better
  • A leadership team dedicated to your growth and success
  • A bold ambition and set of goals to be a leader in driving transformation in our industry
  • Our best. Every day.
  • Learn more about opportunities with us at jobs.manulife.com

    If you are ready to unleash your potential, it’s time to start your career with Manulife / John Hancock.

    About Manulife

    Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

    With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States.

    We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

    At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers.

    As of March 31, 2020, we had $1.2 trillion (US$0.8 trillion) in assets under management and administration, and in the previous 12 months we made $30.

    4 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years.

    We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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