Unit Head of Finance and Credit Control

Sunday Ins Co., Ltd.; Daerah Khusus Ibukota Jakarta; On-site; IDR 100.000.000 - 200.000.000; Full time

Job summary

An established industry player is seeking a dynamic Unit Head of Finance and Credit Control. In this pivotal role, you will lead financial operations, ensuring accurate reporting and compliance with accounting standards. You'll collaborate closely with subsidiaries to streamline processes and enhance efficiency. Your expertise will be crucial in formulating new financial structures and managing relationships with external parties. This is an exciting opportunity to make a significant impact within a forward-thinking organization, where your leadership and financial acumen will drive success and innovation.

Qualifications

• 5+ years of experience in finance, preferably in the insurance sector.
• Strong knowledge of IFRS and local accounting standards.

Responsibilities

• Oversee monthly account closings and ensure accuracy in reporting.
• Coordinate with external auditors and manage cash flow effectively.

Skills

Team Leadership

Communication Skills

English Proficiency

Education

Bachelor's Degree in Accounting and Finance

Professional Qualification in Finance

Tools

Accounting Software

IFRS Standards

MFRS Standards

Job description

As a Unit Head of Finance and Credit Control, each day, you'll be...

1. Work closely with subsidiaries for fast & smooth closing of monthly accounts.
2. Closely monitor and ensure the accuracy and timeliness of the management reporting.
3. Ensure and monitor the accuracy and timeliness of BNM submission, GST filing, Tax returns, etc.
4. Formulate a new GL structure for the new entities with IFRS requirement and ensure successful implementation of the new system, especially finance-related areas.
5. Coordinate/liaise with external parties such as External Auditors and Tax Agents on their requests.
6. Improve on reporting process & procedures of monthly accounts.
7. Review and approve payments for expenses, ensure accurate GL posting, and enhance payment policy and procedures.
8. Review and revise authority limit when necessary.
9. Monitor group cash flow and ensure the timely and accurate preparation of the daily cash flow report to ensure adequate funding for group projects and activities as well as operational needs of HO and subsidiaries.
10. Ensure banking arrangements are properly authorized and backed by agreements/contracts.
11. Recommend areas for improvement to enhance efficiency and effectiveness of workflow/cost saving, and assist in finance function in overseas operations.
12. Coordinate and consolidate GWP and management expenses for budget purposes.
13. Prepare yearly full set budget in accordance to prescribed template and seek approval from BOD.

Qualification:

1. Bachelor's degree in accounting and finance or professional qualification (relevant degree).
2. Minimum 5 years of related experience with knowledge about the insurance industry (most in general insurance industry is a plus).
3. Familiar with accounting standards i.e., IFRS & MFRS and BNM/local authorities requirements (Indonesia & Thailand).
4. Able to lead a team and communicate well.
5. Good English proficiency (written and verbally).