
Financial Planning & Reporting Head
- Alabang, Muntinlupa City
- Permanent
- Full-time
Location: Full Onsite - Head Office, Alabang
Schedule: Mondays to Fridays, 8:00 AM - 5:00 PM
Industry: Non-Life InsuranceJob Description:
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.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
- 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 investment departments
- 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 the 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)