Financial Controller (Life Insurance)

Generali; Kuala Lumpur; On-site; MYR 120,000 - 150,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking a finance manager to oversee local financial reporting and ensure compliance with regulatory requirements. The ideal candidate should have over 15 years of experience in finance and accounting within the insurance sector, alongside strong analytical and leadership skills. This role involves managing finance activities, contributing to strategic planning, and ensuring effective internal controls. Additional qualifications, such as relevant degrees and certifications, are preferred. The position offers an opportunity to engage in a transformative work environment.

Qualifications

• Preferably a degree in a relevant discipline.
• 15+ years in finance accounting & reporting in the insurance industry.
• Sound knowledge of insurance accounting operations and reporting.

Responsibilities

• Ensure local financial reporting adheres to accounting standards.
• Oversee regulatory reporting requirements and financial audits.
• Compile and analyze strategic plans and budgets.
• Support and participate in company transformation projects.

Skills

Analytical and numerical skills

Leadership and motivational skills

Team building and collaboration skills

Business acumen with problem solving skills

Education

Degree in a relevant discipline

Professional certification (e.g., ACCA, MIA)

Job description

Responsibilities:

1. Finance Reporting

Ensure local financial reporting adhered to the local accounting standards and local regulatory guidelines/policies.

Oversight and manage the monthly/quarterly/annual local regulatory reporting requirement from BNM, PIDM, LHDN & RCMD. Ensure accuracy, timeliness and completeness.

Oversight and manage the monthly/quarterly/annual regional reporting requirement from Generali.

Oversee the statutory annual financial audit process and any other independent/regulatory reviews/audits on finance processes and ensure the necessary supports are being provided by all stakeholders.

2. Finance Activities

Overseeing day-to-day accounting functions, integrating finance operations, forecast and budgeting of management expenses, handling tax matters, preparing financial reporting, safeguard company asset and ensuring company financial stability.

Review, improve and tighten internal controls and processes including resolving internal control issues raised, champion and synchronize best practices to constantly improve productivity and quality of finance and accounting operations, systems, and processes.

3. Strategic Planning

Compiled, analyze and submission of a robust strategic plan to regional office within the prescribed timeline.

Assist in the compilation and analysis of a robust budget for management review and approval.

Updated budget assumption and highlight any potential challenges and shortfall noted during the planning process and communicate to local management.

The plan will serve as a tracking tool for guiding company’s day to day decision and for evaluating progress and changing approaches when moving forward.

Collaboration with other departments to improve process efficiency and data quality and reduce errors in financial reporting.

Work with other control functions to improve the control environment of the department.

Support and participate in company transformation project, i.e. robotics automation, MFRS17 project, changes in tax requirements etc.

Responsible for contributing to good relations with regulators, external auditors, consultants, and JV partner, through the provision of information and reports and participation in discussions.

5. Managerial Responsibilities

Responsible for career management, performance assessment and development of direct reports.

Motivate and guide team member to achieved desired productivity and standards, set the tone for a results-oriented environment, and make finance a great place to work.

Prepares, maintains and monitors the finance budget

Requirements:

1. Education:

Preferably a degree in a relevant discipline, while a professional certification (e.g., ACCA, ACCA, MIA) or relevant technical qualifications are desirable.

2. Experience:

15+ years experiences in finance accounting & reporting in the insurance industry and sound knowledge/understanding of insurance accounting; operations and reporting requirement.

3. Skills:

Analytical and numerical skills

Leadership and Motivational skills

Team building and collaboration skills

Business acumen with problem solving skills