Head of FP&A and Capital Management

Generali Life (Hong Kong) Limited; Hong Kong; On-site; HKD 1,600,000 - 3,200,000; Full time

Job summary

Generali Life (Hong Kong) Limited is seeking an senior finance leader to drive the three-year strategic plan, annual budget and rolling forecast across IFRS 17 financials, value analytics and capital management. You will own management reporting, performance reviews and executive insights, and champion capital governance with regulators and stakeholders.

The role requires deep expertise in life/non-life insurance finance, HKIBC/IFRS standards, and a proven track record in leading a

Qualifications

• Bachelor’s degree in Finance, Accounting, Actuarial Science, Economics, Business Administration or a related discipline; a relevant postgraduate degree is an advantage.
• Qualified accountant or actuary (e.g., HKICPA, CPA, ACCA, ACA, FIA/FSA) preferred.
• At least 12 years of progressive experience in financial planning and analysis, capital management, actuarial finance, including significant experience in life or non life insurance.
• Strong practical knowledge of IFRS 17 and IFRS 9, life and non life insurance financial drivers, Hong Kong risk-based capital requirements, solvency forecasting and stress testing.

Responsibilities

• Lead the three-year strategic plan, annual budget and rolling forecast across IFRS 17 financials, new business value, embedded value, cash, capital and key operating drivers.
• Own monthly and quarterly management reporting and business reviews; translate findings into executive insights and influence actions.
• Maintain the capital management framework, capital appetite and forward-looking solvency plan under the HK risk-based capital regime; support ORSA and regulatory submissions.
• Strengthen capital governance, controls and data quality; represent capital-management matters with senior management, auditors, regulators and regional stakeholders.
• Provide leadership to the FP&A and Capital Management team; define operating model, priorities, service standards and accountability.
• Build a high-performing team through workforce planning, recruitment, onboarding, performance and development conversations.

Skills

Strategic finance partner

Financial planning

Capital management

IFRS 17 knowledge

Leadership

Management reporting

Business partnering

Stakeholder management

Team development

Education

Bachelor's degree in Finance/Accounting/Actuarial Science

Job description

The Financial Planning & Analysis and Capital Management team is part of the CFO Area and serves as a strategic finance partner to our senior management. The team integrates business planning, performance management and capital stewardship to support sustainable growth for both life and non-life business.

Key responsibilities

Lead the three-year strategic plan, annual budget and rolling forecast across IFRS 17 financials, new business value, embedded value, cash, capital and key operating drivers. Challenge assumptions, align plans with business strategy and provide scenarios and recommendations to management.

Own monthly and quarterly management reporting and business reviews. Analyze actual versus plan performance, including insurance service result, contractual service margin, net combined ratio, investment result, expenses, new business and distribution economics. Translate findings into concise executive insights and influence business actions and resource allocation.

Maintain the capital management framework, capital appetite and forward-looking solvency plan under the Hong Kong risk-based capital regime. Monitor the capital base and prescribed capital amount, work with Actuarial on stress and sensitivity analysis, support ORSA and regulatory submissions, and recommend capital optimization, dividend, reinsurance, investment and financing actions.

Strengthen capital governance, controls and data quality; provide timely escalation of emerging capital risks; and represent capital-management matters with senior management, auditors, regulators and Regional stakeholders.

Provide visible leadership to the FP&A and Capital Management team by defining its operating model, priorities, service standards and individual accountabilities.

Build a high-performing and inclusive team through effective workforce planning, recruitment, onboarding, objective setting, regular performance and development conversations, coaching and timely feedback.

Delegate decision rights appropriately, empower team members to challenge assumptions and take ownership, and ensure effective workload, capacity and key-person-risk management.

Establish capability and succession plans for critical roles, develop technical, commercial, analytical and business-partnering skills, and create cross-training and career-development opportunities.

Promote effective collaboration across Finance, Actuarial, Risk, Investments and business functions, and act as a role model for clear communication and sound judgement.

Key Requirements

Bachelor's degree in Finance, Accounting, Actuarial Science, Economics, Business Administration or a related discipline; a relevant postgraduate degree is an advantage.

Qualified accountant or actuary (e.g., HKICPA, CPA, ACCA, ACA, FIA/FSA) preferred.

At least 12 years of progressive experience in financial planning and analysis, capital management, actuarial finance, including significant experience in life or non life insurance.

Strong practical knowledge of IFRS 17 and IFRS 9, life and non life insurance financial drivers, Hong Kong risk-based capital requirements, solvency forecasting and stress testing.

Demonstrated experience leading planning and reporting cycles, advising senior management, building and managing a professional team, developing talent, handling performance issues, leading organizational change and establishing succession coverage for critical roles.

Exposure to both life insurance and non Life insurance or reinsurance company.

Strategic and commercial mindset with strong financial modelling, analytical and problem-solving capability.

Ability to connect actuarial, accounting, investment, risk and business perspectives and communicate complex matters clearly.

Executive-level presentation, influencing and stakeholder-management skills.

Proven people leadership with the ability to set direction, clarify accountability, coach and motivate diverse professionals, delegate effectively, manage performance, build succession pipelines and sustain engagement through change and high-pressure reporting cycles.

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total

premium income of more than € 75.8 billion in 2021. With nearly 75,000 employees serving 67 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the life-time partner to

its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

At Generali, diversity and inclusion are a critical part of our cultural transformation. We are committed to promoting a culture of inclusion that celebrates people's singularity and diversity

with particular attention to disabilities, culture, and gender. Leveraging diversity to create long-term value: this is Generali. It is our differences that make the difference!

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total

premium income of more than € 75.8 billion in 2021. With nearly 75,000 employees serving 67 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the life-time partner to

its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

At Generali, diversity and inclusion are a critical part of our cultural transformation. We are committed to promoting a culture of inclusion that celebrates people's singularity and diversity

with particular attention to disabilities, culture, and gender. Leveraging diversity to create long-term value: this is Generali. It is our differences that make the difference!