AVP, Finance (Management Reports)

Great Eastern; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading insurance company is looking for an experienced Tax expert to join their finance division in Kuala Lumpur, Malaysia. The successful candidate will oversee tax compliance for both Malaysia and Singapore, ensuring adherence to regulatory standards while driving operational excellence. With a focus on tax planning, reporting, and team leadership, this role demands significant expertise in tax regulations, excellent leadership skills, and the ability to manage compliance risks effectively.

Qualifications

• 7-8 years of working experience in Tax, Finance, and Accounting.
• Proficient with guidelines issued by tax authorities i.e. LHDN.
• Familiar with regulatory guidelines for the insurance industry.

Responsibilities

• Manage and oversee tax compliance for Malaysia and Singapore entities.
• Prepare audit documentation and address findings.
• Lead and develop a team of Tax professionals.

Skills

Income Tax

Withholding Tax

Sales Tax

Service Tax

MFRS 112 Income Taxes

MFRS 9 Financial Instruments

MFRS 17 Insurance Contracts

Microsoft Office

Education

Accounting qualification (ACCA, CIMA, MICPA, ICAEW)

Job description

We are looking for an experienced Tax expert to join our dynamic finance division in the insurance industry. The ideal candidate will have a strong background in Singapore and Malaysia Tax direct and indirect tax compliance and planning. This role involves overseeing the tax within Great Eastern Group of Companies, driving operational excellence and ensuring compliance to Tax and regulatory requirements.

Tax Compliance

To manage, review and work with tax agents for the Malaysia and Singapore entities within Great Eastern Group of Companies on direct and indirect tax computation and submission to tax authorities on a timely basis.

Tax Planning

To evaluate and perform tax planning/analysis to optimise tax efficiency for the Companies based on group wide initiatives and strategies.

Tax Reporting

To review the monthly tax provision (include deferred tax) and all tax disclosure notes in financial reports ensuring compliance with MFRS 112 Income Taxes requirements.

Accounting and Control

To manage and review the accounting and reporting in accordance with accounting standard.

• Company’s fixed assets, Property, Leases
• Intercompany transactions, reconciliations, and settlements
• Accruals for management expense (ME).

Productivity & Efficiency Improvement

Identify opportunities to enhance productivity and operational efficiency in Tax team. Implement process improvements and best practices to optimize workflows and reduce manual intervention.

Audit & Compliance Management

Manage internal and external audit processes for Tax team, ensuring compliance with regulatory standards and corporate policies. Prepare audit documentation, address audit findings, and implement corrective actions as needed.

Team Leadership

Lead and develop a team of Tax professionals, setting performance targets and ensuring continuous development. Allocate and manage resources efficiently, including budgets and personnel, to support business objectives and project success.

Risk Management

• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/risks to safeguard our company proactively.

Qualification

• Tertiary qualification or full qualification in Accounting (e.g. ACCA, CIMA, MICPA, ICAEW)
• 7-8 years of working experience in Tax, Finance and Accounting related field
• Proficient with Income Tax, Withholding Tax, Sales, Service Tax Acts.
• Proficient with guidelines issued by tax authorities i.e. LHDN
• Familiar with BEPS Pillar 2 Rules
• Proficient with Malaysian Financial Reporting Standards (MFRS) i.e. MFRS 112 Income Taxes, MFRS 9 Financial Instruments, MFRS 17 Insurance Contracts
• Familiar with regulatory guidelines i.e. BNM, LIAM guidelines for insurance industry
• Conversant with standard Personal Computer Software such as Microsoft Office
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers.

The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.