This role will report directly to the Chief Financial Officer and is responsible for overseeing several key functions including accounting,financial planning & analysis, treasury, finance operation, capital and regulatory financial reporting, and taxation.
Major Responsibility :
Financial & Regulatory Reporting
- Ensure various financial reports (e.g. internal monthly financials report) and regulatory reports (e.g.
- IFRS and RBC reportings and other regulatory filings) are conducted in a timely and robust manner.
- Manage HKFRS and statutory audits.
- Oversee the Internal Controls function and ensure integrity of internal and external reports.
- Handle communication and inquiries from regulators (HKIA) and address ad hoc requests.
Development and application of accounting policies
Ensure that accounting standards e.g. IFRS 17, IFRS 9, HKFRS,HKRBC etc. are appropriately interpreted and applied in financial statements.Utilize and implement enterprise-level interpretations of accounting policy papers.Stay updated on changes in accounting standards. Develop deep insights on the business implications of significant changes to the accounting standards.Taxation
Ensure annual tax filings with the HK Inland Revenue Department are handled in a timely and robust manner.Stay abreast of changes to the tax policies. Develop deep insights on the business implication of significant changes to the tax policies.Ensure the company is compliant with applicable transfer pricing requirements for relevant related party transactions.Liaise with the Group Tax team as appropriate.Finance Operations and Treasury
Oversee the Treasury function. Ensure all payments such as vendor payments, staff reimbursements etc. are handled in a timely and efficient manner. Ensure that the settlement of the notional cash is handled in a timely and robust manner. Optimize the return on the treasury funds with balanced liquidity capability. Deliver continuous improvements in the treasury and payments processes.Oversee the Distribution Compensation team. Ensure that advisor payments are handled in a timely and efficient manner. Maintain a collaborative relationship with the Distribution team.Supervise the Investment Operations and Accounting team to ensure timely and accurate accounting of investment transactions, execute timely trade settlement, monitor of custodian accounts etc. Maintain a collaborative relationship with the Investments team. Foster a culture of continuous improvement to enhance work processes.Financial Planning and Analysis
Manage the annual budgeting process and quarterly rolling forecast, provide stakeholder guidance to properly participate in the process and provide financial input, monitor budget performance and the accuracy of rolling forecasts.Provide advice to management on improving financial performance based on the projected business plan result.Talent, Culture and Operating Model
Develop and retain top talent within the Company.Evaluate and implement changes in the team's operating model, capabilities, and processes to streamline workflow, eliminate reliance on outdated systems, and achieve efficiency gains in response to new accounting and capital regimes.Professional Skills / Knowledge
Certified Public Accountant from the HKICPA or equivalentStrong understanding of key accounting standards e.g. IFRS 17, IFRS 9 etc.Strong understanding of the insurance business including daily operationsSoft Skills
Strong communication skills to deal with varied stakeholders e.g. management, auditors, regulators, Group etc.Ability to lead, coach, and develop the team effectively.Education & experience requirement
At least 12 years of solid experience in relevant work areas ,with at least 4 years of managerial experienceBachelor degree holder or aboveExperience in coordinating / negotiating with the bank, external auditor and law firm to maintain the company’s interests and reputationExperience in Interacting with Hong Kong regulators and Hong Kong tax authorities on interpretation and application of new regulatory and tax requirements