Job Description

Head of Accounting, Singapore at Allianz Global Corporate & Specialty SE Singapore Branch


Description of Role

• Perform closing of financials for area of responsibility.
• Manage relationship with 3rd parties.

Key Responsibilities

• Lead and Manage Team (direct reports + matrix responsibility)

• Develop strategy for own area of responsibility in alignment with company goals. Provide employees with guidance on overall strategic picture and how own functional area's targets are aligned to it. Define clear and challenging targets, monitor progress and address performance issues appropriately and effectively. Set Priorities.
• Drive organizational set up for own area of responsibility including personnel selection and manage budget within plan.
• Coach and develop employees in a continuously changing environment. Empower employees to execute tasks independently. Foster behavior of team members as desired according to AGCS standards (e.g. behavioral goals, etc.) and live up to the matrix organization.

• Governance and Quality Assurance

• Document application of policies, procedures and workflow for assigned areas of responsibility.
• Archive records to satisfy audit and statutory requirements.
• Draft standards to improve quality as well as active contribution in improving and implementing global operation cycles, processes and workflows as well as the implementation of global policies and procedures.

• Reporting and Closing

• Ensure that all IFRS, GAAP and Statutory closing and reporting tasks (e.g. annual report, reporting to regulatory authorities, NAIC reporting, other internal/external reporting requirements) related to own area of responsibility are accurate and timely on a global basis.
• Complete assigned postings, Journal Entries and Account reconciliations on a periodic basis. Reconcile and settle intercompany transactions within the affiliated company group.
• Coordination, transfer and reconciliation of data from interfaces of front-end systems.
• Take care of monthly legal entity close submission activities, including posting of accruals, deferred acquisition expenses and other accounting transactions.

• Manage local relationship with 3rd parties (auditors, business units, tax authorities, public authorities, etc.)

• Project work as assigned.

Knowledge / Skills / Abilities


Required Education:

• Excellent tertiary qualification (ideally Master), preferably in Business Administration, Economics, Finance, Accounting or qualified by experience in related discipline.

Required Experience:

• Prior experience in insurance accounting in particular within area of responsibility.
• Previous managerial/leadership experience encompassing the development (ideally) of small teams within a complex global / matrix environment.
• Experience of leading change in various business scenarios, including, e.g., restructuring, integration and mature growth markets.

General Skills:

• Problem Solving: Ability to identify and initiate appropriate actions to remediate issues that can be abstract / ambiguous and follow through on their remediation.
• Project Management: Ability to manage projects (milestone and task planning, managing resources, controlling, monitoring, reporting, moderating) and to develop solutions while considering complex stakeholder structures and requirements.
• Analytical Thinking and Numeracy: Ability to identify patterns and root causes in complex (e.g. ambiguous, from various sources) data and processes to rapidly distill key issues and provide insight in various situations.
• General Management Skills: Encompassing but not limited to leading and developing people, establishing and setting priorities, negotiation skills and conflict management.

Technical Skills:

• Legal and Regulatory Framework: Comprehensive knowledge of local GAAP, IAS / IFRS, Regulatory, Tax and other relevant requirements (such as Allianz Accounting policies) wrt reporting, compliance and declaration.
• Data Quality and Reporting: Ensuring compliance of closing, reporting with internal & external requirements (capital management).
• IT and office application skills to effectively analyze data.
• Ability to handle complex processes (closing, reporting, finance operations) including understanding of data flows.

Languages:

• English