Finance Manager

2 weeks ago


Alabang Muntinlupa City, Philippines WHR Global Consulting Full time

POSITION TITLE: Finance Manager WORK LOCATION: Alabang, Muntinlupa City WORK SETUP: Full-Time, Onsite JOB SUMMARY: We are seeking a highly analytical and detail-oriented Finance Manager 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+ 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)


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