Manager - IT Finance

Great Eastern; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

A leading insurance provider in Kuala Lumpur is seeking a Finance Manager to oversee financial planning for Group IT. The successful candidate will lead budgeting, collaborate on IT financing policies, and conduct financial analyses to support strategic decisions. This role requires 7+ years in finance management, expertise in IT cost structures, and proficiency with Oracle Fusion and Excel. Join a well-established company committed to integrity and proactive risk management.

Qualifications

• 7+ years of experience in finance management within insurance or financial services, with a focus on IT finance preferred.
• Strong understanding of IT cost structures and project financial management.
• Excellent communication and stakeholder management skills.

Responsibilities

• Lead financial planning and budgeting for Group IT.
• Collaborate to update IT finance policies and compliance.
• Monitor IT costs and track budgets for management reports.

Skills

Financial analysis

IT finance knowledge

Team management

Analytical skills

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Oracle Fusion

Microsoft Excel

Job description

Responsibilities

• Lead financial planning, budgeting, forecasting and cost controls for Group IT expenditures and projects
• Collaborate with internal Group IT stakeholders and Group Finance, to review and update IT finance policies, guidelines, and documentation to ensure compliance with Group-wide standards
• Perform financial analysis and provide insight on IT projects, and operational expenses to Group IT management team
• Support Group and local entity finance teams in accounting processes related to IT spend and cost allocation, ensuring accuracy and compliance
• Monitor IT costs, track budgets, and prepare reports for management to support business decisions
• Partner with the Strategic Sourcing and Procurement teams to optimize vendor contracts and licensing costs
• Facilitate internal and external audit processes related to IT financial data
• Drive finance transformation projects to optimize IT operations and/or finance processes
• Provide guidance and training to internal Group IT stakeholders on financial policies and controls

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or related field
• Minimum of 7 years of experience in finance management within insurance or financial services, with a focus on IT finance preferred
• Strong understanding of IT cost structures, software licensing, and project financial management
• Proficient in financial systems such as Oracle Fusion, as well as Microsoft Excel
• Excellent analytical, communication and stakeholder management skills
• Ability to work under pressure, manage multiple priorities, and meet strict deadlines
• Strong team player with attention to detail, resilience under pressure and an adaptable and resourceful mindset
• Ability to work autonomously and effectively in a fast‑paced, dynamic environment

Core Values

• 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.

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.