Overview
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.
Responsibilities
- 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
- 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
- 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
- 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 other departments
Qualifications
Education & CertificationsBachelor's degree in Finance, Accounting, Economics, or related fieldProfessional qualification (CPA, CFA, ACCA, or equivalent) preferredExperience8-12 years of progressive financial management experience, with at least 5 years in insurance industryProven experience in financial planning, budgeting, and reporting within non-life insuranceStrong background in insurance accounting principles and regulatory frameworksExperience with statutory reporting requirements and solvency regulationsTechnical SkillsAdvanced proficiency in financial modeling and analysis toolsKnowledge of insurance core systems and accounting softwareUnderstanding of actuarial concepts and insurance mathematicsFamiliarity with regulatory reporting standards (IFRS 17, local regulations)Salary
Ranged Salary : Php70k to Php80k
Location & Status
Seniority level : DirectorEmployment type : Full-timeJob function : Finance and SalesIndustries : Human Resources ServicesReferrals increase your chances of interviewing at WHR Global Consulting by 2x
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