INTERNAL CONTROL OVER FINANCIAL REPORTING SPECIALIST

About the role

The ICOFR Specialist is responsible for the implementation and monitoring of ICOFR framework to ensure reliable financial statements and compliance with regulatory standards. This role independently conducts continual risk assessment, ensures documentation of risk and control, validates controls, oversees assessments, identifies deficiencies, and embeds sustainable practices to strengthen the company’s control environment.

Key Responsibilities:

• Assist in the refinement and implementation of Internal Control over Financial Reporting (“ICOFR”) policies and procedures, ensuring alignment with regulatory requirements.
• Act as the primary liaison and coordinator between Bank Mandiri, Consultants, Accounting, Internal Audit, and other units for ICOFR implementation matters.
• Conduct risk assessments, in collaboration with accounting and related units.
• Independently perform control design validation and testing, challenging first line units on adequacy of control design and documentation.
• Oversee Control Self-Assessment across all departments, ensuring consistency and reliability of results.
• Identify deficiencies, provide recommendations on remediation plans, and monitor remediation progress.
• Compile and present periodic ICOFR reports and progress to management and other relevant stakeholders (Bank Mandiri, regulators, etc).
• Assist in the development of tools or systems to enhance oversight.
• Serve as a trusted advisor to first line units, guiding them through ICOFR implementation and remediation. Build awareness and capability across departments to strengthen the control environment.
• Support the internal control testing performed based on AXA Group Framework.
• Meet all relevant AXA Group Standard (“AGS”) requirement.

Requirements:

• Minimum Bachelor’s degree in Accounting, Finance, Economic, or any related field
• Minimum 5 years of experience in Audit and/or Risk Management in financial institution.
• Has advanced knowledge in audit, accounting, and good understanding of the Insurance business. 
• Knowledge of the ICOFR, IFRS17, COSO and PSAK frameworks is a plus.
• Relevant background in Public Accounting Firm (KAP) is preferred.