Financial Planning and Reporting Head

POSITION TITLE : Financial Planning and Reporting Head

WORK LOCATION : Alabang, Muntinlupa City

WORK SETUP : Full-Time, Onsite

SALARY : PHP 70,000 – 80,000

JOB SUMMARY :

We are seeking a highly analytical and detail-oriented Financial Planning & Reporting Head to join our finance team within the insurance industry. Lead the financial planning, budgeting, and reporting functions for a non-life insurance company, ensuring accurate financial analysis, regulatory compliance, and strategic decision support for senior management and stakeholders.

DUTIES AND RESPONSIBILITIES :

Financial Planning & Budgeting :

– Develop and oversee annual budgets, financial forecasts, and strategic plans across all business lines.

– Lead the quarterly and annual planning processes, coordinating with underwriting, claims, and investment teams.

– Prepare variance analysis and provide insights on budget performance against actuals.

– Support business development initiatives with financial modeling and profitability analysis.

Financial Reporting & Analysis

– Oversee preparation of monthly, quarterly, and annual financial statements in accordance with applicable accounting standards (IFRS / local GAAP).

– Ensure timely and accurate regulatory reporting to insurance authorities and other regulatory bodies.

– Prepare management reporting packages including key performance indicators, profitability analysis by product line, and trend analysis.

– Develop and maintain financial dashboards for executive leadership and board reporting.

Risk Management & Compliance

– Collaborate with actuarial teams on reserve adequacy analysis and loss ratio monitoring.

– Ensure compliance with solvency requirements and capital adequacy regulations.

– Support internal and external audit processes, addressing findings and implementing recommendations.

– Monitor and report on key financial risks including underwriting, investment, and operational risks.

Team Leadership & Development

– Lead and develop a team of financial analysts and reporting specialists.

– Establish and maintain financial policies, procedures, and internal controls.

– Provide training and guidance to team members on insurance accounting principles and regulatory requirements.

– Foster cross-functional collaboration with underwriting, claims, actuarial, and investment departments.

• QUALIFICATIONS;

– Bachelor's degree in Finance, Accounting, Economics, or related field

– Professional qualification (CPA, CFA, ACCA, or equivalent) preferred

8-12 years of progressive financial management experience, with at least 5 years in insurance industry

– Proven experience in financial planning, budgeting, and reporting within non-life insurance

– Strong background in insurance accounting principles and regulatory frameworks

– Experience with statutory reporting requirements and solvency regulations

– Advanced proficiency in financial modeling and analysis tools

– Knowledge of insurance core systems and accounting software

– Understanding of actuarial concepts and insurance mathematics

– Familiarity with regulatory reporting standards (IFRS 17, local regulations)