Finance Senior Executive

MAIN RESPONSIBILITIES

• Responsible for managing Management Expenses (ME) and Agency Related Expenses (ARE), ensuring spending remains within budget and forecast. Monitor accruals and provisions, perform necessary adjustments or reclassifications, and identify cost-saving opportunities to support the Company's and Group's financial targets.
• Prepare timely variance analyses on material fluctuations between actual, budget, and forecast figures. Identify and escalate variances, anomalies, and inefficiencies, take the initiative to engage with relevant departments to gather supporting information, validate results, and resolve issues.
• Process FA capitalisations, disposals, and transfers, to ensure the movement reflects timely, accurate and complete in accounting system according to the Company policies and statutory requirements.
• Calculate and anaylse depreciation/amortisation movement for all fixed assets.
• Monitor and track the status of work-in-progress and ensure capitalised as fixed assets once it is completed without further delay.
• To perform and update lease liabilities calculation by ensuring follow MFRS16/IFRS16.
• Perform Employee Benefit (“EB ECL”) assessments in accordance with MFRS 9 / IFRS 9 requirements. Collaborate with relevant departments to obtain necessary information and work closely with the Credit Control team to continue improve the ageing from time to time.
• Responsible for managing the end-to-end ICSS process, including submission to BNM, ensuring completeness, accuracy, and continuous process improvement. Prepare timely P&L and Balance Sheet reconciliations, identify and escalate variances, anomalies, and inefficiencies, take initiative liaise with other departments to obtain relevant information to substantiate the result/find solutions.

REQUIREMENTS

• Bachelor's Degree in Finance, Accounting, or a related discipline.
• Minimum 2 to 5 years of relevant working experience.
• Candidates with experience in the Life Insurance industry will have an added advantage.
• Strong analytical and problem-solving skills. A team player with good interpersonal and communication skills, able to interact effectively with stakeholders at all levels.
• Proficient in Microsoft Excel.