ACB Insurance | Non-Life Insurance | Insurance Finance | Reinsurance | Core Insurance System
About the Role
ACB Insurance, the non-life insurance company within the ACB ecosystem, is seeking an experienced Insurance Accounting Expert to lead and manage insurance accounting activities while supporting the development of a modern, scalable, and technology-enabled insurance finance function.
This role is responsible for ensuring the accurate and timely accounting of insurance premiums, claims, technical reserves, reinsurance, commissions, and other insurance-related transactions. The successful candidate will also play a key role in developing accounting rules, enhancing financial controls, improving accounting data quality, and supporting the implementation of Core Insurance Systems and ERP platforms.
Key Responsibilities
Insurance Accounting Operations
- Manage and oversee accounting processes for insurance premiums, claims, technical reserves, reinsurance transactions, commissions, coinsurance, and other insurance-related activities.
- Ensure all transactions are recorded accurately, completely, and in compliance with accounting standards, regulatory requirements, and internal policies.
- Analyze and resolve complex insurance accounting issues and non-standard transactions.
Insurance Accounting Governance & Process Improvement
- Develop, review, and enhance insurance accounting policies, procedures, and accounting rules.
- Standardize accounting treatment, reconciliation processes, chart of accounts, and accounting data structures.
- Identify process improvement opportunities and support operational excellence initiatives.
Core Insurance System & ERP Implementation
- Act as the accounting subject matter expert (SME) during the implementation and enhancement of Core Insurance Systems and ERP platforms.
- Prepare and review business requirements, accounting rules, data mapping, and reporting requirements.
- Participate in user acceptance testing (UAT), process validation, issue resolution, and system optimization.
Data Governance & Financial Reporting
- Ensure the accuracy, consistency, and integrity of accounting data across insurance and financial systems.
- Collaborate with Technology, Data, and Business teams to improve data quality and reporting capabilities.
- Support management reporting, financial reporting, data analytics, and business intelligence initiatives.
Stakeholder Collaboration & Advisory
- Partner with Underwriting, Claims, Reinsurance, Finance, Technology, and Data teams to ensure proper accounting treatment and operational efficiency.
- Provide accounting guidance and support for new products, business initiatives, and system development projects.
- Support internal and external audits, regulatory reviews, and compliance activities.
Risk Management & Compliance
- Monitor changes in insurance regulations, accounting standards, and financial reporting requirements.
- Identify accounting risks and recommend appropriate controls and mitigation measures.
- Ensure compliance with regulatory requirements, internal controls, and corporate governance standards.
Requirements:
Education
- Bachelor's degree or above in: Accounting/Auditing/Finance/Insurance/Banking/Economics
- Or related disciplines
Experience
- Minimum 7 years of experience in insurance accounting, insurance finance, or financial reporting.
- Strong experience in: Insurance Accounting/Reinsurance Accounting/Insurance Financial Reporting/Technical Reserve Accounting
- Experience working in a non-life insurance company is highly preferred.
- Experience participating in Core Insurance System, ERP implementation, or finance transformation projects is a plus.
Technical Knowledge
- Strong understanding of:
- Non-Life Insurance Accounting
- Reinsurance Accounting
- Insurance Financial Reporting
- Technical Reserves
- Insurance Regulations
- Internal Controls and Financial Governance
- Familiarity with:
- Core Insurance Systems
- ERP Platforms
- Data Governance Frameworks
- Accounting Process Design
Skills
- Insurance Accounting & Reinsurance Accounting
- Financial Reporting & Reconciliation
- Accounting Process Improvement
- ERP & Core Insurance Systems
- Data Analysis & Data Governance
- Advanced Excel
- SQL and Power BI (preferred)
- Analytical Thinking & Problem Solving
- Stakeholder Management
- Communication & Presentation Skills
