Head of Finance (General Insurance)

UNITED OVERSEAS INSURANCE LTD; Santo Niño 1st; On-site; PHP 2,500,000 - 5,000,000; Full time

Job summary

UNITED OVERSEAS INSURANCE LTD is seeking a Head of Finance to lead the company’s finance function, including reporting, budgeting, controls, and governance. The role partners with the CEO, Board, regulators, and auditors to ensure financial integrity and strategic profitability.

The incumbent will drive budgeting, forecasting, capital management, taxation, and risk management while overseeing investment oversight and financial controls across the organization.

Qualifications

• Minimum 15 years' relevant experience, including significant leadership experience.
• Strong background in general insurance, reinsurance, or financial services.
• Sound knowledge of IFRS 17, regulatory reporting, capital management, and risk management frameworks.
• Experience engaging with Boards, regulators, auditors, and external stakeholders.

Responsibilities

• Lead the finance, accounting, treasury, and finance operations functions.
• Provide strategic financial advice to the CEO and Board.
• Drive budgeting, forecasting, business planning, and performance management.
• Oversee timely and accurate financial reporting in IFRS, listing rules, and taxation regulations.
• Manage capital adequacy, solvency, RBC requirements, and dividend planning.
• Maintain strong internal controls and governance standards.
• Lead sustainability and governance-related reporting.

Skills

Strategic leadership

Governance

Stakeholder management

Financial analysis

Executive presence

Regulatory reporting

Risk management

Automation

Education

Degree in Accountancy/Finance

CA/CPA/ACCA or equivalent

Job description

About the Division

The Finance Division is critical in supporting the Company\'s growth, financial resilience, and long-term value creation within a regulated general insurance environment.

Job Purpose

The Head of Finance is responsible for leading the Company\'s overall finance function, including financial reporting, budgeting and forecasting, regulatory compliance, capital management, investment oversight, taxation, financial controls, and corporate governance.

As a key member of the Leadership Team, the incumbent will partner with the CEO, Board, Audit & Risk Committee, regulators, internal & external auditors, shareholders, and business leaders to ensure financial integrity, sustainable profitability, compliance with listing requirements, and achievement of strategic business objectives.

Key Responsibilities

Financial Leadership & Strategy

• Lead the finance, accounting, treasury, and finance operations functions.
• Provide strategic financial advice to the CEO and Board.
• Drive budgeting, forecasting, business planning, and performance management.

Financial & Regulatory Reporting

• Oversee timely and accurate financial reporting in compliance with IFRS, listing rules, regulatory requirements, and taxation regulations.
• Ensure timely submission of statutory, regulatory, and public disclosures.
• Lead implementation of new accounting and reporting standards.

Insurance Finance, Capital & Risk Management

• Oversee insurance, reinsurance, and treaty accounting.
• Monitor capital adequacy, solvency, Risk-Based Capital (RBC) requirements, and dividend planning.
• Manage key financial risks including liquidity, credit, investment, and foreign exchange risks.
• Partner with actuarial functions on reserves, liabilities, and stress testing.

Investment & Governance

• Oversee investment performance and compliance with investment mandates.
• Maintain a strong financial control framework and corporate governance standards.
• Lead sustainability and governance-related reporting.

Stakeholder Management

• Manage relationships with regulators, auditors, rating agencies, investors, and Board Committees.
• Present financial performance, capital position, and key business insights to senior stakeholders.

Leadership

• Lead, develop, and mentor a high-performing finance team.
• Drive continuous improvement, automation, and operational excellence across finance processes.
• Support succession planning and capability development.

Qualifications & Experience

• Degree in Accountancy, Finance, or related discipline.
• Professional qualification such as CA, CPA, ACCA, or equivalent.
• Minimum 15 years' relevant experience, including significant leadership experience.
• Strong background in general insurance, reinsurance, or financial services.
• Sound knowledge of IFRS 17, regulatory reporting, capital management, and risk management frameworks.
• Experience engaging with Boards, regulators, auditors, and external stakeholders.

Key Competencies

• Strategic and commercial acumen
• Strong leadership and people management
• Executive presence and stakeholder influencing skills
• Governance and risk management expertise
• High integrity, accountability, and ownership
• Results-oriented with strong analytical and decision-making capabilities