Summary:
Responsible for the overall finance activities to deliver timely, accurate and reliable financial information to Senior Management, to enable them to make more effective business decisions for the Company and for the purposes of complying with all regulatory requirements; in the process, ensuring effective financial controls, optimum operational efficiency and facilitate effective financial risk management.
Responsibilities:
1. Finance Reporting
- Ensure local financial reporting adhered to the local accounting standards and local regulatory guidelines/policies.
- Oversight and manage the monthly/quarterly/annual local regulatory reporting requirement from BNM, PIDM, LHDN & RCMD. Ensure accuracy, timeliness and completeness.
- Oversight and manage the monthly/quarterly/annual regional reporting requirement from Generali.
- Oversee the statutory annual financial audit process and any other independent/regulatory reviews/audits on finance processes and ensure the necessary supports are being provided by all stakeholders.
2. Finance Activities
- Overseeing day-to-day accounting functions, integrating finance operations, forecast and budgeting of management expenses, handling tax matters, preparing financial reporting, safeguard company asset and ensuring company financial stability.
- Review, improve and tighten internal controls and processes including resolving internal control issues raised, champion and synchronize best practices to constantly improve productivity and quality of finance and accounting operations, systems, and processes.
3. Strategic Planning
- Compiled, analyze and submission of a robust strategic plan to regional office within the prescribed timeline.
- Assist in the compilation and analysis of a robust budget for management review and approval.
- Updated budget assumption and highlight any potential challenges and shortfall noted during the planning process and communicate to local management.
- The plan will serve as a tracking tool for guiding company's day to day decision and for evaluating progress and changing approaches when moving forward.
4. Collaboration
- Collaboration with other departments to improve process efficiency and data quality and reduce errors in financial reporting.
- Work with other control functions to improve the control environment of the department.
- Support and participate in company transformation project, i.e. robotics automation, MFRS17 project, changes in tax requirements etc.
- Responsible for contributing to good relations with regulators, external auditors, consultants, and JV partner, through the provision of information and reports and participation in discussions.
5. Managerial Responsibilities
- Responsible for career management, performance assessment and development of direct reports.
- Motivate and guide team member to achieved desired productivity and standards, set the tome for a results-oriented environment, and make finance a great place to work.
- Prepares, maintain and monitors the finance budget
Requirements:
1. Education: Preferably a degree in a relevant discipline, while a professional certification (e.g., ACCA, ACCA, MIA) or relevant technical qualifications are desirable.
2. Experience: 15+ years experiences in finance accounting & reporting in the insurance industry and sound knowledge/understanding of insurance accounting; operations and reporting requirement.
3. Skills:
- Analytical and numerical skills
- Communication & inter-relation skills
- Leadership and Motivational skills
- Team building and collaboration skills
- Business acumen with problem solving skills
