Job Purpose / Role:
Responsible for leading and overseeing respective teams. This also includes the reporting (local/regional/functional) along with governance in relevant areas. In addition, the role is the key contact for inquiries related to the deliverables prepared by respective teams.
Key Responsibilities:
Lead and Manage Team (direct reports + matrix responsibility)
- Develop strategy for own area of responsibility in alignment with functional/regional goals.
- Drive organizational set up for own area of responsibility including personnel selection and manage budget within plan.
- Provide employees with guidance on overall strategic picture and how team's targets are aligned to it. Set priorities, define clear and challenging targets, monitor progress and address performance issues appropriately and effectively.
- Coach and develop employees in a continuously changing environment, empowering employees to execute tasks independently, fostering behavior of team members as desired according to Allianz standards (e.g., behavioral goals, etc...), and live up to the matrix organization.
Reporting and Closing
- Ensure that all IFRS, local GAAP and solvency closings, and reporting tasks (e.g., annual report, reporting to regulatory authorities) related to own area of responsibility are accurate and timely on a regional basis.
- Complete assigned postings, Journal Entries and Account reconciliations on a periodic basis.
- Coordination, transfer, and reconciliation of data from interfaces of front-end systems.
- Take care of monthly legally timely execution and fulfillment of internal and external reporting requirements.
Governance and Quality Assurance
- Align and coordinate own area of responsibility with other CFO colleagues, fostering cross-functional collaboration across the business to enhance overall business understanding.
- Document application of policies, procedures, and workflow for assigned areas of responsibility.
- Archive records to satisfy audit and statutory requirements.
- Develop and implement standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes, and workflows as well as the implementation of global policies and procedures.
Relationship Management
- Interface with external auditors (e.g., PwC).
- Local Regulator's contact in relation to financial reporting (e.g., MAS, IA, etc).
- Contact for GAR.
- Other 3rd parties (e.g., tax authorities, public authorities).
Project Work
- Any projects as assigned by regional and global management team.
Key Experience / Requirements / Skills:
Required Experience
- Prior experience in insurance accounting in particular within area of responsibility.
- Previous managerial experience and developing and leading teams within a complex global / matrix environment.
- Project and teamwork in an international and dynamic environment.
- Experience of leading change in various business scenarios, including, e.g., restructuring, integration, and mature growth markets.
Required Education
- Excellent tertiary qualification (ideally Masters), preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline.
- Locally recognized professional qualification related to Accounting (e.g. CPA, ACCA, etc.), if applicable.
Technical Skills
- Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) with respect to reporting, compliance, and declaration.
- Data Quality and Reporting: Ensuring compliance of closing, reporting with internal & external requirements (capital management).
- Understanding insurance financial statements and performance measurement.
- Understanding of the non-life insurance business including the main processes and reserving techniques.
General Skills
- Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).
- General Management Skills: Encompassing but not limited to leading and developing people, establishing, and setting priorities, negotiation skills and conflict management.
- Navigating Complexity: Ability to make sense of complex issues; respond to complex/ambiguous situations by identifying & initiating appropriate remediation & follow up. Anticipate and resolve issues before these transpire.
- Decision Making: Effectively evaluate info from multiple sources to identify business issues; involve stakeholders in the decision making; commit to action after weighing alt solutions against important decision criteria.
Languages
- Fluent in English.
- Multilingual or fluency in local language is a plus.
