Group Finance Accounting Policy Director, IFRS 9

Job title: Group Finance Accounting Policy Director, IFRS 9

Job description: 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.

Job Description

To provide accounting and financial reporting guidance and counsel to management and other functional areas on financial instruments, derivatives and hedge accounting. This position reports to the AVP, Global Accounting Policy.

Major Responsibilities

Provide accounting policy support for the implementation of IFRS 9 hedge accounting standard.

Ensure hedge documentation are in compliance with IFRS 9, assess and liaise with hedging units and Global Derivatives Services on implementation and reporting impacts.

Keep abreast of dynamic risk management (i.e. macro hedge accounting) developments and interactions with IFRS 17 Insurance Contracts Standard.

Prepare and co-ordinate all vital derivatives and hedge accounting note disclosures.

Provide hedge accounting advisory services to functional areas such as identification of hedge accounting opportunities, policy interpretations, quality reviews of accounting models.

Prepare and update accounting policies to reflect new regulatory and accounting changes.

Participate and lead special projects with cross-divisional impacts, ensuring that deliverables are timely and within quality targets. Special projects may be related to the implementation of new accounting or regulatory requirement or new operational initiative.

Assist in training on derivatives and hedge accounting within the Finance community and other Business Units.

Assist review of quarterly and year end financial statements and note disclosure.

Liaise with regulators and external auditors as necessary.

Experience and Qualifications

Professional accounting designation required (e.g., Chartered Professional Accountant, Certified Public Accountant).

Working experience and technical knowledge on derivative and hedge accounting required.

5 to 7 years of experience in an insurance or services environment preferably gained at a Big 4 public accounting firm or insurance company.

A strong financial background with a knowledge of the financial services sectors and the insurance business in particular.

Demonstrated ability to lead/run projects of various sizes.

Ability to learn/apply a large amount of technical accounting materials.

Strong analytical and problem-solving skills.

Ability to cope in a fast paced, dynamic work environment.

Excellent oral and written communication skills – for report writing and communication at all levels of management.

Demonstrated ability to work independently and prioritise to meet tight deadlines.

Flexible when working with changing deliverables.

A teammate who possesses a positive attitude and customer service focus.

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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 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of December 31, 2020, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.6 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.

Manulife is an equal opportunity employer. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.

Company: Manulife

Expected salary:

Location: Toronto, ON

Job date: Sat, 27 Mar 2021 05:33:03 GMT