Financial Controller

HDI GLOBAL SE SINGAPORE; Singapore; On-site; SGD 100,000 - 130,000; Full time

Job summary

A leading international insurer in Singapore seeks an experienced Financial Controller to manage financial operations and regulatory compliance. The ideal candidate will have 8-10 years of finance experience, preferably in the insurance industry, and will be responsible for overseeing financial reporting, budgeting, and cash management. This role involves ensuring compliance with local and international regulations, providing financial insights to senior management, and leading the Credit Control department to optimize working capital.

Qualifications

• Minimum 8-10 years of finance experience in the insurance industry.
• Strong knowledge of IFRS and local regulatory frameworks in Singapore.
• Proven track record in managing financial reporting.

Responsibilities

• Oversee preparation of regulatory reporting and financial statements.
• Lead annual budgeting and forecasting processes.
• Manage liquidity and capital adequacy across all entities.
• Develop and enforce credit policies to minimize bad debts.

Skills

Financial reporting

Regulatory compliance

Budgeting and forecasting

Credit control

Cash management

Education

Accounting/Finance professional qualification

Job description

As part of the Talanx Group, HDI Global SE Singapore has been one of the leading insurers offering a broad and needs-based range of insurance solutions and accompanying services for decades. HDI operates through foreign branches, subsidiaries, and affiliates as well as network partners in more than 150 countries.

We offer our employees all the advantages of an international company by providing an exceptional, modern working environment that constantly challenges and rewards. We promote high levels of internal and external communication and concentrate on achieving our goals through teamwork. We offer you the opportunity to contribute your own ideas and actively become involved in shaping the future of our company.

Reporting Responsibility to the Chief Financial Officer (CFO) of Singapore Branch

Overview of Duties

The Financial Controller will be responsible for managing the financial operations and regulatory compliance of the Singapore branch and its associated entities in Labuan, Dubai, and Thailand Representative Office. This role ensures accurate financial reporting, robust internal controls, and adherence to local and international regulatory requirements, supporting strategic decision-making and operational efficiency.

Job Description

1. Regulatory and Statutory Reporting

• Oversee the preparation of monthly, quarterly, and annual regulatory reporting as well as annual financial statements for all entities under scope.
• Ensure compliance with IFRS and local GAAP requirements across jurisdictions.
• Manage and provide variance analysis to senior management.
• Ensure reporting deadlines set by HG-I, MAS, and local branch management are all met.
• Maintain up-to-date knowledge of regulatory changes and implement necessary adjustments to processes.
• Review and oversee the preparation of Reporting packages to HG-I.
• Oversee the local Management reporting on quarterly/ yearly basis.
• Preparation of Singapore MIS for the Branch to assess its business performance and operating results.
• Prepare evaluation and improvements required.
• Monitoring the Solvency Margin to be maintained at adequate levels at all times.
• Oversee the taxation for local statutory quarterly and annual reporting and filing, including GST
• Ensure annual audit process is carried out smoothly and timely so that Annual returns and financial statements can be finalised and submitted to authorities before the deadlines.
• Implement rectification of issues raised and recommended by the Auditors, to ensure adequate internal controls are in place within Finance Department.

2. Budgeting & Forecasting

• Lead annual budgeting and periodic forecasting processes for all offices.
• Provide financial insights and recommendations to support business planning and growth strategies.

3. Treasury & Cash Management

• Manage liquidity and capital adequacy across all entities.
• Oversee investment activities and ensure compliance with group policies and local regulations.

4. Credit Control Oversight

• Manage the Credit Control department to ensure timely collection of premiums and other receivables.
• Develop and enforce credit policies and procedures to minimise bad debts and optimise working capital.
• Monitor ageing reports and implement strategies to reduce overdue balances

Key Competencies Requirement

• Minimum 8-10 years of Finance experience, preferably in insurance related industry.
• Relevant Accounting/ Finance professional or equivalent qualifications.
• Strong knowledge of IFRS and local regulatory frameworks in Singapore, Labuan and Dubai.
• Proven track record in managing financial reporting.