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Senior Financial Accountant, Australia

Job Title

Senior Financial Accountant, Australia

Job Description

Background

This role is a 9 months fixed term contract.

The purpose of the role is to support the Australia Finance team in delivering the external reporting requirements of the Australia business across the multiple bases of reporting including US GAAP, Australia IFRS, LAGIC, Bermuda Monetary Authority and Economic Capital Base.

The role will be intimately involved in supporting key month end and quarter end processes, as well as annual statutory financial statement preparation. The role requires a deep understanding of the statutory, regulatory and technical accounting issues in the insurance industry.

The role is broad in nature and includes tax compliance (GST, Transfer Pricing, Corporate tax), accounting analysis and supporting internal and external audit requests.

Duties

Financial Reporting including month end/quarter end journal preparation for PLRA and UMA under various accounting bases (including US GAAP, IFRS, APRA), ensuring that the integrity of the process and the outputs are maintained and continuously improved.

  • Perform and oversee monthly Balance Sheet reconciliations, ensuring the general ledger is accurately maintained and all interfacing systems are correctly posted. Oversee the consolidation of financial results and ensure accurate reporting to Group Finance.

  • Support the preparation of accurate and comprehensive annual statutory financial statements, as well as regulatory and tax returns, in alignment with the December year-end reporting cycle

  • Oversee corporate tax, GST, and other tax-related filings in collaboration with tax advisors

  • Support intercompany reconciliations and transfer pricing arrangements.

Ensuring that the audit process is planned, coordinated and timed to ensure that regulatory reporting is within the agreed timetables.

Support the Finance Team by managing and participating in various tasks and ad-hoc projects as and when required

Manage and maintain an efficient process that enables systematic and organised filing for all documents

Qualifications & Experience

  • Achieved Professional accounting designation (CPA/ACA/ACCA or equivalent)
  • Minimum of 3 years accounting experience with core exposure to accounting, financial reporting and analysis
  • Excellent analytical, problem solving and technical accounting skills
  • Strong proficiency in general ledger systems and BI tools, with advanced Excel skills and experience using enterprise finance applications such as SAP AFO or PeopleSoft (or similar) Deep understanding of various accounting frameworks, including IFRS, US GAAP, and US tax accounting. Experience & good understanding of reinsurance/insurance accounting and knowledge of actuarial concepts is ideal, but not necessary.
  • Strong interpersonal/negotiation skills with the ability to build relationships with different functional areas and work effectively within a team environment
  • Proven ability to manage competing priorities in a fast-paced, deadline driven environment
  • Excellent time management skills, with the flexibility and efficiency to collaborate across multiple time zones and global teams
  • Proactive, adaptable individual with strong leadership, and process evaluation abilities, with a holistic view to technology integration and automation

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

• Group Income Protection

• SubsidisedGym Membership

• Employee Assistance Program (Access EAP)

• Australian Super

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Principles and Behaviours

Please click here to view our company principles and behaviours

Average salary estimate

$100000 / YEARLY (est.)
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$80000K
$120000K

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What You Should Know About Senior Financial Accountant, Australia, Pacific Life

Join Pacific Life Re as a Senior Financial Accountant based in beautiful Sydney, Australia! This exciting role offers a 9-month fixed-term contract, where you'll be a vital part of our dynamic Australia Finance team. Your primary goal? To help deliver our external reporting requirements across various accounting frameworks, including US GAAP, Australian IFRS, and more! You’ll dive deep into our month-end and quarter-end processes, crafting accurate financial statements while adhering to regulatory standards specific to the insurance industry. That’s right, your expertise will ensure we stay compliant while also honing in on tax compliance, accounting analysis, and supporting all internal and external audits. With responsibilities like monthly balance sheet reconciliations and the oversight of consolidated financial results, you'll play an instrumental role in enhancing our financial integrity. What really sets this job apart is our commitment to fostering a supportive and vibrant workplace culture where achievements are celebrated, and a healthy work-life balance is prioritized. Join us and lend your expertise to various ad hoc projects while experiencing the thrill of teamwork within a fast-paced environment. If you're passionate about finance and eager to make an impact, this Senior Financial Accountant position at Pacific Life Re is the one for you!

Frequently Asked Questions (FAQs) for Senior Financial Accountant, Australia Role at Pacific Life
What are the primary responsibilities of the Senior Financial Accountant at Pacific Life Re?

The Senior Financial Accountant at Pacific Life Re will focus on delivering external reporting requirements for the Australia Finance team. Key responsibilities include preparing month-end and quarter-end financial statements across various accounting bases, managing tax compliance, and overseeing internal and external audit processes. You'll also handle monthly balance sheet reconciliations and support intercompany reconciliations, ensuring accurate reporting to Group Finance.

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What qualifications are required for the Senior Financial Accountant role at Pacific Life Re?

To be considered for the Senior Financial Accountant position at Pacific Life Re, candidates should hold a recognized professional accounting designation (like CPA, ACA, or ACCA). A minimum of 3 years of accounting experience focusing on financial reporting and analysis is required. Strong analytical skills, experience with general ledger systems, and familiarity with various accounting frameworks, including IFRS and US GAAP, are also essential.

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What skills will help me succeed as a Senior Financial Accountant at Pacific Life Re?

Success as a Senior Financial Accountant at Pacific Life Re relies on robust analytical and problem-solving skills, excellent time management, and a deep understanding of technical accounting. Proficiency in general ledger systems and BI tools, along with advanced Excel skills, will be crucial. Strong interpersonal skills to build relationships within team environments are vital, especially since the role requires collaboration across various global teams.

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What is the work culture like for the Senior Financial Accountant role at Pacific Life Re?

Pacific Life Re fosters a vibrant and inclusive work culture where every employee is valued for their unique attributes. As a Senior Financial Accountant, you'll experience a blend of hard work and fun, with opportunities for team-building events and regular social activities. The company is dedicated to promoting a healthy work-life balance and actively supports employee well-being through various initiatives.

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Are there any employee benefits for the Senior Financial Accountant position at Pacific Life Re?

Yes, as a Senior Financial Accountant at Pacific Life Re, you will enjoy a variety of employee benefits including Group Income Protection, subsidized gym memberships, and access to the Employee Assistance Program. Additionally, the company provides opportunities for community involvement, including fundraising and volunteering.

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Common Interview Questions for Senior Financial Accountant, Australia
Can you explain your experience with financial reporting and how it applies to the role of Senior Financial Accountant?

When answering this question, highlight specific financial reporting experiences you've had, particularly any that align with US GAAP or IFRS. Emphasize your ability to manage the month-end close process and how you've ensured accuracy in financial statements. Concrete examples can demonstrate your adept handling of complex reporting requirements.

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What accounting software and tools are you proficient in that would benefit the Senior Financial Accountant role?

Be sure to mention any accounting software you've used, such as SAP AFO or PeopleSoft, and discuss your proficiency with BI tools and Excel. Explain how you've leveraged these tools to streamline reporting processes and improve financial analysis, illustrating your technical capabilities that directly relate to the job.

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How do you prioritize tasks in a fast-paced environment, specifically as a Senior Financial Accountant?

You should explain your strategy for managing competing priorities. Discuss techniques such as using a calendar for deadlines, regular check-ins with team members, and breaking down large tasks into smaller, manageable actions. Sharing a specific example of how you've successfully managed multiple deadlines will make your response more impactful.

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Can you describe your experience with audit processes and how you would approach them in this role?

Focus on your previous experience with internal and external audits. Discuss how you have prepared documentation, coordinated timelines, and communicated with auditors. Highlight specific strategies you’ve employed to ensure compliance with regulatory reporting and how you plan to apply those lessons to the Senior Financial Accountant role.

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What do you see as the biggest challenges facing accountants in the insurance industry today?

Discuss industry-specific challenges such as regulatory compliance, changes in accounting standards, or emerging technologies impacting financial reporting. Your awareness of these challenges demonstrates your depth of understanding and forward-thinking approach, which is critical in the accounting field.

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How would you handle discrepancies found during the month-end close process?

Your answer should demonstrate your problem-solving approach. Describe how you would investigate discrepancies, gather information, collaborate with team members for insights, and implement corrective actions. Mentioning how you keep detailed records will show your thoroughness and attention to detail.

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How do you stay updated with changes in accounting regulations and standards?

Share the resources you utilize to stay informed, such as professional accounting organizations, webinars, or ongoing training programs. Highlighting your commitment to continuous learning shows that you’re proactive about your professional development and that you can bring the latest best practices to the Senior Financial Accountant role.

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What do you think makes a successful Senior Financial Accountant?

Discuss attributes such as strong analytical skills, thorough understanding of accounting principles, attention to detail, and effective communication. You can also mention the importance of being adaptable and collaborative as these traits can lead to a more cohesive and successful finance team.

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Can you tell me about a project where you had to work closely with other departments?

This is a great chance to highlight your interpersonal skills. Provide an example where you collaborated with other teams, emphasizing the project's goal, your role, and the outcome. Stress how your ability to communicate effectively and build relationships across departments led to the success of the initiative.

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What steps would you take to ensure timely and accurate tax compliance?

Discuss the rigorous processes you would implement, including timeline management, documentation, and regular follow-ups with tax advisors. Highlight your understanding of tax regulations, as well as your commitment to meticulous record-keeping, showcasing your dedication to compliance in the Senior Financial Accountant role.

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If you want to have a career doing purposeful work, surrounded by people you respect, this is the place to be. At Pacific Life, we pledge to give you the support, opportunities, and challenges to help you achieve your personal best, and in return,...

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Full-time, on-site
DATE POSTED
April 9, 2025

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