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Derivatives Accounting Analyst

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Manulife

Nov 1

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
    Banking & Finance
  • Quezon City
  • Quick Apply

AI generated summary

  • You need a Bachelor’s in Accounting/Finance, 1-2 years of experience with derivatives, accounting knowledge, advanced IFS skills, strong communication, problem-solving abilities, and adaptability.
  • You will reconcile derivatives accounts, prepare suspense reports, adjust the General Ledger, support financial closing, assist with audits, and document processes while ensuring timely information delivery.

Requirements

  • Bachelor’s degree in Accounting or other Finance related course
  • At least one to two years of relevant experience Preferably with exposure to different derivative products
  • Hybrid Work Arrangement: Amenability and readiness to work onsite and from home anytime (dependent on business need AND/OR current external environment/situation) and must be willing to work on day/mid-shift schedule.
  • Understanding of accounting principles and procedures
  • Advanced knowledge of IFS Applications (Lawson, Essbase, DART)
  • Intermediate to advance skills in Microsoft office
  • Good problem solving/analytical skills and attention to detail.
  • Strong written and verbal communication skills.
  • Ability to handle numerous tasks and learn complex concepts quickly in a fast-paced environment.
  • Be able to work to deadlines with minimal supervision
  • Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities.
  • Team player with demonstrated experience building and maintaining good working relationships both internally and externally.

Responsibilities

  • Performs daily reconciliation, investigation and clearing of over the counter (OTC) and exchange-traded derivatives suspense accounts.
  • Prepares quarterly summary suspense reconciliation with commentaries as part of the SOX requirement.
  • Reconciles cash collateral account for OTC and initial margin requirement account for exchange-traded derivatives.
  • Performs derivative accounts reconciliations.
  • Prepares and posts daily, monthly and quarterly adjustments to the General Ledger.
  • Supports the business unit in the completion of the quarterly financial close process.
  • Assists the business unit in providing information for internal and external audits.
  • Provides accurate and timely responses for all requests of information from different business units.
  • Contributes in the documentation of all the processes.

FAQs

What is the job title for this position?

The job title is Derivatives Accounting Analyst.

What kind of work environment does Manulife offer?

Manulife offers a supportive and collaborative workplace with great benefits and clear career development opportunities.

What are the key responsibilities of the Derivatives Accounting Analyst?

Responsibilities include performing daily reconciliations of OTC and exchange-traded derivatives, preparing quarterly summary suspense reconciliations, reconciling cash collateral accounts, posting adjustments to the General Ledger, and supporting the completion of the quarterly financial close process, among others.

What qualifications are required for this position?

Candidates should possess a Bachelor’s degree in Accounting or a related Finance course, along with at least one to two years of relevant experience, preferably with exposure to different derivative products.

Is this position eligible for performance bonuses?

Yes, this position is eligible for performance bonuses.

What skills are considered must-haves for this role?

Must-have skills include an understanding of accounting principles, advanced knowledge of IFS Applications, intermediate to advanced Microsoft Office skills, good problem-solving skills, strong communication skills, and the ability to work under deadlines with minimal supervision.

What is the work schedule for this role?

The work schedule can include day or mid-shift hours, depending on business needs.

Is experience with derivative products necessary for application?

While not strictly required, exposure to different derivative products is preferred.

What type of training resources does Manulife provide?

Manulife offers extensive training resources to help employees develop their skills and knowledge.

Does Manulife have a commitment to diversity and inclusion?

Yes, Manulife is committed to embracing diversity and fostering an inclusive work environment.

How can applicants request accommodations during the application process?

Applicants can request reasonable accommodations by contacting recruitment@manulife.com.

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Manulife

Finance
Industry
10,001+
Employees

Mission & Purpose

Manulife is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We have more than 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration.