Accounting Manager

The Accounting Manager will lead the daily operations of the finance and accounting department. You will ensure accurate financial reporting, oversee fiduciary premium transactions, maintain compliance with local insurance brokerage regulations, and provide strategic financial insights to senior leadership.

Responsibilities

1. Fiduciary & Premium AccountingManage Broking Trust Accounts: Oversee separate fiduciary accounts to hold client premiums, ensuring compliance with strict regulatory segregation rules.Commission Reconciliation: Reconcile incoming commissions from insurance carriers against booked policies and resolve discrepancies.Premium Collections: Supervise the issuance of debit notes, invoices, and credit terms for clients, managing the accounts receivable lifecycle.Carrier Payables: Direct the timely and accurate disbursement of premiums collected from clients to respective insurance underwriters.

2. Financial Management & ReportingMonth-End Closing: Prepare comprehensive monthly management accounts and consolidated financial statements.Treasury & Cash Flow: Monitor corporate cash flow conditions, manage time deposits, and optimize working capital.Budgeting & Forecasting: Coordinate the annual budgeting process and provide regular financial forecasts to departmental heads.Business Performance Analysis: Analyse regular business performance and present actionable data to management.

3. Compliance, Audit & TaxRegulatory Filings: Maintain complete compliance with local insurance authority regulations and financial return submissions.External Audit Lead: Serve as the primary liaison for external auditors, tax authorities, and other legal professionals.Internal Controls: Establish, monitor, and update corporate accounting policies, service agreements, and standard operating procedures.

Required Qualifications & SkillsEducation: Bachelor’s degree in Finance, Accountancy, or related business disciplines.Certification: Qualified member of a recognized accounting body (e.g., HKICPA, ACCA, CPA, or equivalent).Experience: Minimum of 5 years of professional finance experience, with clear exposure to the insurance industry or insurance brokerage environment.Software Proficiency: Deep familiarity with advanced accounting software (e.g., SAP, Oracle, or specialized insurance broking systems like Ebix) and MS Office Applications.Core Competencies: Exceptional attention to detail, strong analytical skills, and the ability to operate under strict regulatory timelines.