Assistant Manager Finance

Hong Leong Islamic Bank Berhad; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A prominent Malaysian financial institution is seeking an Assistant Manager, Performance Management, to drive revenue growth and enhance operational effectiveness. This role entails preparing comprehensive budgets and forecasts while supporting strategic planning and financial reporting. Ideal candidates will have at least 3 years of relevant experience in management accounting and a strong understanding of Islamic banking principles. Competitive salary and growth opportunities are provided.

Qualifications

• Minimum 3 years of relevant experience in management accounting or financial planning.
• Strong knowledge of Islamic banking products and principles.
• Excellent communication skills and experience engaging with senior management.

Responsibilities

• Prepare comprehensive full-set budgets including P&L and balance sheet.
• Conduct variance analysis against budget and prior periods.
• Act as HLISB representative for tax-related matters.
• Prepare financial submissions to Group on a regular basis.

Skills

Management accounting

Financial planning

Performance management

Budgeting

Forecasting

Financial modelling

Analytical skills

Stakeholder management

Islamic banking knowledge

Education

Bachelor's degree in Accounting or Finance

Professional qualification (ACCA, CPA, CFA)

Job description

Overview

The Assistant Manager, Performance Management plays a critical role in supporting end-to-end management accounting for HLISB. The role helps translate business strategy into KRAs and actionable plans to drive revenue growth and operational effectiveness, and supports HLISB management in strategic planning, performance tracking, and monitoring business unit performance. The role requires strong financial acumen, full-set accounting expertise, and solid skills in budgeting, Islamic banking, financial reporting, and project management.

Responsibilities

Budgeting module

• Prepare comprehensive full-set budgets for HLISB, including P&L, balance sheet and all budget drivers.
• Prepare budgets by Strategic Business Units (PFSi, BCBi, GMi) and Support Units (Business Operations & Automation-i, Shariah, Product Development-i, Compliance-i, Risk Management-i, Shariah Audit-i, and others as required).
• Coordinate the annual budget exercise with HLISB Strategic Business Units, HLISB Support Units and relevant HLB Group stakeholders (e.g. Group HR, Group PFS, Group BCB, Group GM, Group RWM, Group Support Divisions). This process requires translating their strategies into financial figures and KRAs for the Budget.
• Prepare and submit detailed budget to Group Finance in accordance with Group timelines and standards.
• Coordinate and facilitate review and approval of HLISB budget with relevant stakeholders, including HLB Management Committees, HISB Board, HLB Board and Shariah Committee. This includes preparing the material for approval.
• Prepare and manage Shared Service Cost (SSC) budgets for HLISB, including coordination with HLISB and HLB cost centres and performing analysis to ensure cost allocations are reasonable and well supported. Process the SSC for the approval by Management of HLB and HLISB.
• Prepare CAPEX budget requirements for HLISB by working with SBUs, Support Units and HLB Group stakeholders to capture and consolidate CAPEX needs. This includes submitting CAPEX budget to Group Finance and performing data entry into the capex budget template and EPM system.
• Prepare the full scope of OPEX budgets for HLISB by cost centre, including submission of OPEX budget to Group Finance and data entry into the EPM system.
• Prepare HR, headcount and personnel cost budgets for HLISB and each cost centre. The process include:
• Collaborate with SBUs, Support Units, Group HR and relevant stakeholders for their headcounts and personnel costs needs.
• Process the HR budget section for approval by HLISB and HLB management
• Prepare the organizational chart for each division and Bank level, headcount movement and headcount requirement by cost centers.
• Performing data input in the HR budget module in EPM.

Financial Forecasting module, strategy and KRAs

• Prepare weekly, monthly and quarterly forecasts for HLISB (P&L and balance sheet by SBUs and cost centers) and submit to Group Finance, including variance analysis against budget and prior periods.
• Prepare reports on financial forecast for key meetings on a weekly, monthly and quarterly basis, including HLISB HOD meetings, HLISB ALCO meetings, Group fortnightly meeting and Group weekly Interest Rate Meetings.
• Compile the Bank's Affirmative Action Plans to support budget development, strategic planning and KRA formulation for the Bank, SBUs and Support Units.
• Compile and consolidate strategic plans across business units to help management to align with the Bank's overall objectives.
• Submit quarterly forecasts to HLFG (IMD, FMD) as required.

Other Finance Matters

• Act as HLISB representative for tax-related matters, including tax computation and liaison with the Group Tax Department.
• Support capital management activities and liaise with Group Finance on HLISB’s capital requirements.
• Manage capital or Sukuk issuance exercises representing HLISB Finance, including preparation of documentation, coordination with stakeholders, and facilitation of approvals by the Board, Shariah Committee and Securities Commission.

Quarterly Strategic Meetings and Management Reporting

Prepare materials for HLISB quarterly strategic meetings, including:

• Financial sections such as analysis of financial KRAs and forecast.
• Business unit financial performance.
• Status updates on AAM at Bank and business unit levels, via collaboration with the respective business units.
• Preparation of full presentation decks for the meeting, in collaboration with the respective stakeholders.
• Performing research for development of the content and strategy.
• Organizing and coordinating the quarterly strategic meeting for HLISB.

Prepare monthly Management Reports, including:

• Financial performance reports for HOD meetings.
• Business updates and business KRA progress updates.
• Develop new KPIs or update the prevailing KPIs to assist management in tracking SBU and Bank performance against budget and forecast, including analysis and reporting on variances.
• Prepare and submit HLISB’s Board, BAC, BRC and Shariah Committee papers, such as business updates and other required periodic or ad-hoc reports to these committees.

Group Reporting

• Prepare financial submissions to Group on a regular basis (monthly, quarterly and yearly), ensuring accuracy and timeliness, such as financial forecast by P&L, Balance Sheet and Drivers by Strategic Business Units.
• Monitor OPEX EPM models on a monthly and quarterly basis for actuals, forecasts and budgets of HLISB, and highlight key variances.

Market Analysis and Benchmarking

• Prepare market and peer analysis to help management identify trends, opportunities and risks.
• Develop benchmark reports and comparative analyses against the market and peer Islamic banks.

Skills & Experience We Are Looking For

• Minimum 3 years of relevant experience in management accounting, financial planning & analysis, or performance management, preferably in banking or financial services.
• Bachelor’s degree in Accounting, Finance; professional qualification (ACCA, CPA, CFA or equivalent) is an advantage.
• Strong knowledge of Islamic banking products, principles and regulatory environment is an advantage.
• Proficient in budgeting, forecasting, financial modelling and variance analysis.
• Strong analytical skills with attention to detail and ability to work with large data sets.
• Excellent communication and stakeholder management skills, with experience engaging senior management and cross-functional teams.
• High level of integrity, independence and ability to deliver under tight timelines.

HLB Careers link: https://hlb.wd3.myworkdayjobs.com/HLBCareers

We appreciate your application and will be in touch with shortlisted candidates regarding next steps.