Director, Financial Reporting & Controls

Prudential Assurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Director of Financial Reporting and Controls to lead their Sarbanes-Oxley compliance program. This pivotal role involves enhancing compliance processes, engaging with senior stakeholders, and driving process innovation within the financial reporting framework. The ideal candidate will possess significant experience in financial services and a strong understanding of regulatory requirements. Join a dynamic team that values diversity and fosters professional growth while making a meaningful impact in the financial sector.

Benefits

Medical Insurance

Loans

Dental Insurance

Gym Membership

Vision Insurance

Festive Eve Leave

On-Boarding Welcome

Qualifications

• Qualified accountant with significant post-qualification experience.
• Strong understanding of SOX 404 and COSO Framework.

Responsibilities

• Lead the SOX compliance program and internal controls.
• Engage with senior finance and IT management teams.

Skills

SOX Compliance

Financial Reporting

Stakeholder Engagement

Analytical Skills

Process Improvement

Education

Qualified Accountant

Experience in Financial Services

Tools

Microsoft Office

Job description

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Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Job Scope:

This position of Director, Financial Reporting and Controls is within the Financial Accounting and Reporting team; whose main responsibilities is to deliver the Prudential’s Group-wide Sarbanes-Oxley (SOX) programme against regulatory requirements as well as providing additional assurance to management as to the effectiveness of the overall control environment.

This role is pivotal with the key elements of leading and delivering the SOX programme on the effectiveness of the overall control environment. The Director not only will lead the end-to-end process of the Group’s SOX compliance program and other assurance engagements but will need to focus on enhancing the compliance processes to help drive overall efficiencies in the function.

The role requires high-level of interaction and relationship building and development with key stakeholders across the organisation between the business units, IFC and Angel Court reporting teams, the wider Finance community, external auditor and other teams (e.g. Group IT, Group Risk) across the Group.

Principal Accountabilities:

• SOX Compliance: Lead key aspects of the Group's SOX compliance program, including the strategic design, implementation, and rigorous monitoring of internal controls over financial reporting. Effectively plan, coordinate, manage the delivery and provide technical insight and expertise to identify and resolve issues on a timely manner. Prepare high-quality reports and analysis for the Group Audit Committee (GAC) and senior management, delivering accurate, timely, and insightful information.
• Strategic Audit and Compliance Leadership: Lead the strategic design of the audit approach and planning the programme with the timeline and budget set, while staying at the forefront of changes in financial reporting and compliance regulations, providing authoritative guidance on internal control compliance and governance. Lead initiatives to identify deficiencies, assess, and mitigate financial reporting risks, ensuring robust compliance within the broader finance function.
• Senior Stakeholder Engagement: Serve as the principal liaison with senior finance and IT management teams in business units (BUs) and across other group function, facilitating effective communication and resolution of complex technical issues. Collaborate strategically with other departments, such as IT, Actuarial, Investor Relations and Group Risk, to ensure a cohesive and integrated approach to the assessment of internal financial controls.
• External audit: Manage the external audit relationship in relation to SOX, ensuring alignment of scope, testing approach and timing, deficiency discussion and issue resolution to ensure consistent view across BUs and the Group.
• Leadership and Talent Development: Lead, coach, and mentor the Financial Controls team members, providing constructive feedback in alignment with the Group performance management framework. Foster a culture of continuous improvement and professional development, ensuring the team is equipped with the necessary skills and knowledge to meet evolving business needs.
• Process Innovation: Actively drive process improvement and innovation through implementing best practices and leveraging technology to streamline operations, including identifying efficiencies and agility of resources including third party providers.
• Business Unit Partnership: Build effective relationships with key stakeholders within the BUs and across Group Finance to deliver the related products. Provide value-added support and insights to BUs on financial reporting and controls related matters to help embed a stronger control environment across the organisation.

Key Result Areas:

• Team Management. Lead and maintain a motivated team ensuring members are equipped with the right skills and aligned to the company’s objectives.
• Relationship Management. Maintain effective working relationships with relevant business unit teams across the Group, ensuring that Group reporting needs are communicated and understood.
• Technical knowledge. Have a strong understanding of technical issues and ability to critically review SOX results and develop the read-across with other line of defences within the organisation in order to provide insight and value add information for a senior management audience.
• Process development. Actively seek and improve the efficiency of our reporting, optimising the technology and resources available including use of third-party providers.
• Financial control and audit. Ensure that a clear audit trail exists and that controls are performed effectively and documented. Provide timely and accurate responses to the internal and external auditors.

Core Competences Required:

• Qualified accountant with significant post-qualification experience;
• A good knowledge of regulatory requirements specifically in SOX 404, COSO Framework, and proven experience of sound knowledge of financial reporting and controls, with a preference to candidates with listed company experience and/or financial service industries;
• Proven track record of effective product delivery to senior stakeholders;
• Strong technical, analytical and problem-solving skills with attention to detail without losing the ‘bigger picture’ view;
• Able to think flexibly and open to innovative ideas, with strong problem-solving skills and enthusiasm to improve processes;
• Strong interpersonal skills, able to liaise with stakeholders from different specialisms in various locations and at various levels of seniority;
• Ability to communicate succinctly and explain complex issues to others;
• Comfortable with using complex IT systems and the ability to use Microsoft Office (Word, Excel, and PowerPoint) though advanced skill is not expected;

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

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A rewarding and fulfilling career awaits you

At Prudential, we believe in making a difference.

Through the power of listening, we strive to build brighter futures, for our customers, for our employees, for our society.

Built upon the values of mutual respect and understanding, we aim to cultivate an environment where our people can flourish in both their professional and personal lives.

As a leading provider of financial solutions in Asia, Prudential offers ample opportunities for you to succeed and expand your career horizons.

A rewarding and fulfilling career awaits you

At Prudential, we believe in making a difference.

Through the power of listening, we strive to build brighter futures, for our customers, for our employees, for our society.

Built upon the values of mutual respect and understanding, we aim to cultivate an environment where our people can flourish in both their professional and personal lives.

As a leading provider of financial solutions in Asia, Prudential offers ample opportunities for you to succeed and expand your career horizons.

Perks and benefits Medical Loans Dental Sports (e.g. Gym) Vision Festive Eve Leave (2 Days), On-Boarding Welcome Re

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