Manager (Corporate Strategy & Planning)2

Tokio Marine Insurans (Malaysia) Berhad; Kuala Lumpur; On-site; MYR 78,120 - 122,760; Full time

Job summary

Tokio Marine Insurans (Malaysia) Berhad is seeking a budget planning professional to support the Senior Manager in developing the annual business plan and forecasting processes in line with corporate objectives. The role involves collaborating with all departments to ensure budgets are well-founded with computations and explanations for new initiatives.

You will monitor budget allocations by Line of Business and Distribution Channels, prepare ad-hoc reports for Senior Management, and assist in

Responsibilities

• Assists Senior Manager in preparing the annual business plan based on corporate objectives and budgeting requirements.
• Works closely with all departments ensuring that the budget amount proposed is supported with basis of computation and detailed explanations especially for new initiatives.
• Reasonable test performed on computation basis, historical trend and scenarios on criteria changes (ie. impact on detariff, inflation, market growth and etc).
• Assists Senior Manager in preparing the forecast and plan presentation slides.
• Monitors the overall budget allocation by Line of Business and Distribution Channels to ensure all plans and initiatives are delivered within budget.
• Responds to requests for ad-hoc reports from Senior Management team on strategic projects and countermeasures.
• Supports the Head on the allocation plan of intermediary related expenses (IRE) and management expenses for each distribution channel to optimise corporate expenses based on the cost-benefits analysis.
• Assists Senior Manager in preparing the monthly financial related presentation slides.
• Work closely with various departments on forecast updates and management accounts reporting in ensuring the accuracy of reported information.
• Monitors and tracks the actual business achievement against the approved plan by Line of Business and Distribution Channels through monthly data review and statistical findings.
• Support the Head on the tracking of the intermediary related expenses of the respective distribution channels.
• Market and business circumstances/environment
• Comparison on competitors’ performances inclusive of industry statistics, and competitors’ business strategies and initiatives, if available.

Job description

• AssistsSenior Manager in preparing the annual business plan based on corporateobjectives and budgeting requirements.
• Worksclosely with all departments ensuring that the budget amount proposed aresupported with basis of computation and detailed explanations especiallyfor new initiatives. Reasonable test performed on computation basis,historical trend and scenarios on criteria changes (ie. impact ondetariff, inflation, market growth and etc).
• AssistsSenior Manager in preparing the forecast and plan presentation slide.
• Monitorsthe overall budget allocation by Line of Business and DistributionChannels to ensure all plans and initiatives are delivered within budget.
• Respondto requests for ad-hoc reports from Senior Management team on strategicprojects and countermeasures.
• Supportthe Head on the allocation plan of intermediary related expenses (IRE) andmanagement expenses for each distribution channel to optimise corporateexpenses based on the cost-benefits analysis.
• AssistsSenior Manager in preparing the monthly financial related presentationslides.
• Workclosely with various departments on forecast updates and managementaccounts reporting in ensuring the accuracy of reported information.
• Monitorsand tracks the actual business achievement against the approved plan byLine of Business and Distribution Channels through monthly data review andstatistical findings.
• Supportthe Head on the tracking of the intermediary related expenses of therespective distribution channels.

Market Analysis

• Marketand business circumstances/ environment
• Comparisonon competitors’ performances inclusive of industry statistics,andcompetitors’ business strategies and initiatives, if available.

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Tokio Marine Insurans (Malaysia) Berhad or TMIM is a subsidiary of Tokio Marine Asia Pte. Ltd. Singapore and its ultimate holding company is Tokio Marine Holdings Inc., in Japan. The Tokio Marine Group has had more than 140 years history in Japan being the oldest and one of the largest insurance group in Japan. The group is engaged in a wide variety of businesses ranging from non-life insurance to life insurance, international insurance, financial and other general business. The Group operates a worldwide network that spans 46 countries and regions to provide safety and security to customers.

Tokio Marine Insurans (Malaysia) Berhad or TMIM is a subsidiary of Tokio Marine Asia Pte. Ltd. Singapore and its ultimate holding company is Tokio Marine Holdings Inc., in Japan. The Tokio Marine Group has had more than 140 years history in Japan being the oldest and one of the largest insurance group in Japan. The group is engaged in a wide variety of businesses ranging from non-life insurance to life insurance, international insurance, financial and other general business. The Group operates a worldwide network that spans 46 countries and regions to provide safety and security to customers.

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