Accounting Operations

Job Summary:

This position is responsible for managing end-to-end investment operations, including trade settlement, accounting, and reporting for multiple asset classes across both local and offshore portfolios. The position ensures all trade and master data in SAP-IMA are accurate, reconciled, and compliant with internal and regulatory standards. It also involves close coordination with investment teams, fund managers, brokers, custodians, and other counterparties to resolve discrepancies, monitor corporate actions, and manage liquidity and cash collateral efficiently.

Key Responsibilities

• Perform the end-to-end daily investment operations, focusing on offshore investment assets, including derivatives (such as cross-currency swaps and FX forwards), offshore bonds, real estate investment trusts (REITs), and equities, ensuring accuracy, compliance with accounting standards and regulations, and timely processing.
• Manage hedge accounting activities, including the preparation and maintenance of hedge documentation, hedge effectiveness, and ongoing monitoring in accordance with IFRS 9 requirements.
• Record and reconcile investment transactions, including manual journal entries, interest and dividend income, amortization/accretion, and fair value measurements, and perform month-end closing processes of investment portfolios, ensuring the accuracy and completeness of financial data in accordance with IFRS 9 / TFRS 9 requirements.
• Manage cash collateral and margin call transactions related to derivatives with external counterparties, including accurate system recording and reconciliation.
• Prepare regulatory reports (e.g., OIC) related to investments, and monitor investment limits and restrictions to ensure full compliance with relevant regulations and internal policies.
• Perform forecasting and analysis of dividend and interest income to support investment strategy planning and management decision-making.
• Collaborate with internal stakeholders, including portfolio managers, accounting, corporate actuarial, risk management, and compliance teams, and maintain effective communication with global and regional teams to ensure alignment with investment mandates and policies
• Coordinate with external custodians and service providers to ensure accurate trade settlement, data integrity, and operational efficiency.
• Support internal and external audits, as well as regulatory examinations, by providing necessary documentation, reconciliations, and reports.
• Continuously assess and enhance operational workflows, internal controls, and process documentation to drive efficiency and risk mitigation.
• Perform other duties or special assignments as assigned.

Qualifications and Skills:

• Bachelor's or Master's degree in Finance, Risk Management, Economics, Financial Engineering, Actuarial, Accounting or other related fields.
• At least 4 years of experiencein Investment Management, Investment Operations, Finance and Accounting, other related fields in insurance or banking business.
• Prior experience in life insurance investment operations or within financial institutions is highly preferred.

• Strong knowledge of:

• Offshore portfolio operations

• Derivative operations and hedge accounting
• Cash collateral management and margin calls for derivatives
• Strong understanding of IFRS 9, particularly in relation to financial instruments, impairment, and hedge accounting.
• Proficiency in Microsoft Excel; experience with SAP investment modules and Bloomberg Terminal is highly desirable.
• Experience or familiarity with Microsoft Access and Power BI is considered a plus.
• Excellent communication skills in English (both written and verbal), with the ability to collaborate effectively across global and regional teams.
• Familiarity with tax regulations related to offshore dividends or interest income is an advantage.
• Knowledge of life insurance products is a plus.
• Detail-oriented, highly organized, and capable of handling multiple tasks and priorities under pressure.
• Strong analytical and problem-solving skills; proactive, collaborative, and a strong team player.
• Willingness to work flexibly, including occasional late hours when required.
• Any AI-future skills e.g., ChatGPT, or CoPilot365, will be advantage.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.