Senior Manager, Accounting Policy, Asia
Hong Kong, HK

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.


This position is accountable for accounting policy matters within the Asia segment, with responsibilities covering the support for business unit and head office accounting policy, accounting support for major transactions, and support for the accounting implementation of IFRS 9 and 17 in Asia.

The role of Senior Manager for Accounting Policy, Asia exists to support the day to day operation of the business, as well as to support key strategic initiatives of the organization.

The role includes providing support to the Head of Accounting Policy, Asia to help determine the optimal structure of transactions as well as ensuring that external reporting is in line with the requirements of the applicable accounting standards that the Group reports under.

Working with the finance teams at the Corporate, Segment and Business Unit level, the role is expected to achieve multiple business objectives that encompass day to day operations, major transactions, and the IFRS 9 / 17 implementation project.


1. Apply business knowledge and technical accounting understanding to the accounting evaluation of major transactions that the Asia segment is contemplating.

This will include supporting transaction teams by providing technical accounting input during the structuring and negotiation phase, as well as providing support to the financial due diligence process.

2. Support the delivery of the IFRS 17 implementation for the Asia segment, working with corporate and segment finance teams on both the policy aspects as well as the practicalities of IFRS 17.

This will require an understanding of the accounting theory of IFRS 17 as well as surface and solve technical accounting issues in consultation with other stakeholders.

  • IFRS 17 is a significant project for the group. Significant effort will be required throughout 2020, 2021, and 2022 as part of the preparations for the adoption of the new standard.
  • We expect that the region will continue to require additional accounting and accounting policy support from the regional team into 2023 and 2024 given the magnitude of the accounting change.
  • 3. Work with business unit teams and other members of the regional / group accounting policy teams to address accounting policy queries from the business units, including the roll out of new accounting policies and matters that relate to the application of existing policies.

    4. Provide input and assistance to the other regional office finance teams, mainly FP&A and Management Reporting on the implications of aspects of IFRS 9 and 17.

    5. Provide support to the Head of Accounting Policy, Asia to identify opportunities to further improve the consistency of application and interpretation of accounting requirements to improve the relevance and reliability of reported numbers.

    6. Help improve the capabilities of the regional accounting policy teams, including those that sit within the business units, by providing information and, where necessary, training.


    Individual Accountabilities-

  • Technical accounting advise to business unit or regional office finance teams.
  • Key Shared Accountabilities-

  • Asia segment accounting policy decisions
  • Asia segment IFRS 9 & 17 accounting implementation.
  • Knowledge / Skills / Competencies / Education

  • University degree, ideally in Finance or a related discipline.
  • Chartered Accountant, Certified Public Accountant or equivalent with 8+ years of relevant experience, with experience in the life insurance industry strongly preferred.
  • Experience working with teams across geographies, ideally with exposure to both local and regional / head office operations.
  • Strong stakeholder management capabilities, including experience managing senior stakeholders.
  • Awareness of the commercial aspects of a life insurance business, with particular experience in understanding the drivers of business performance and how these translate into financial implications.
  • Excellent communications skills, with a particular emphasis on ability to communicate with both the finance and non-finance communities within the organization.
  • 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.

    We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions.

    At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers.

    As of June 30, 2019, we had over $1.1 trillion (US$877 billion) in assets under management and administration, and in the previous 12 months we made $29.

    4 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years.

    With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.


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