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Head of Financial Control

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Date: Feb 11, 2019

Location: Auckland, AUK, NZ

Company: AIA Careers

Here in AIA, we have a huge appreciation for what drives our organisation to be at its best: our people. We meet the protection needs of individuals by offering a comprehensive suite of products and services including health, life, trauma, disability and business insurances.

 

This is a newly created role and is critical to organisation, the purpose of this role will be to provide direction and leadership in the financial management of Sovereign and AIA NZ, including provision of statutory reporting, property management, procurement, BCP, financial analysis and financial control to ensure Sovereign and AIA NZ maximises its financial performance. (Sovereign and AIA NZ entities referred to as AIA  throughout).

 

What you will do

 

  • Lead the Financial reporting, Financial Operations, Property and Procurement and BCP functions and their strategy; lead, coach, and develop capability and succession plans.  Build a highly engaged and focused team of senior professionals.
  • Performance Management; manage the performance of direct reports.  Provide support and direction needed to achieve objectives.  Hold accountable for their performance.

 

Financial Reporting, Statutory Returns & Audit

  • Manage the team to deliver required local and Group Office statutory reporting and returns ensuring they are completed to the required IFRS standards in a timely manner and submitted to the appropriate body.
  • Ensure that AIA is compliant with all local and Group accounting compliance and reporting requirements.
  • Continuously review and update processes and systems to ensure that any new requirements are met in a timely manner.
  • Work with the internal and external auditors and CFO to ensure a smooth running of the audit process and careful management of any issues raised through the process.
  • New AIA and IFRS Guidelines and accounting changes are reviewed and implemented.
  • Enhance and improve AIA’s capacity to effectively and efficiently process financial information by managing and directing the ongoing development of financial system applications.
  • Facilitate financial control over AIA transactions and assets to ensure its assets are properly protected.
  • Prepare relevant financial documentation for the Board.
  • Risk Management – ensure that strategies, processes and policies are in place to identify, manage and mitigate operational risk.
  • As required assume Ownership/Sponsorship of key projects across the business as agreed with the Chief Executive and/or ELT.
  • Manage and coordinate the external financial reporting for AIA and board papers that are generated as a result of this.
  • Liaise and manage the external auditing process for the quarter, half year and full year financials.
  • Manage the team responsible for the treasury function involving the management of bank accounts, overdraft facilities and daily cash flow.
  • Partner with other areas of the business to assist with expense management, forecasts, policy compliance and other finance matters.
  • Collaborate and contribute fully to the development and high performance of the finance team which may involve additional relevant activities.
  • Drive productivity and efficiency improvements.

 

Property Management

  • Accountable for the management of the property portfolio.
  • Ownership for the property budget across the AIA property portfolio, including budgeting, forecasting and expense management.
  • Working with internal and external partners, ownership of:
    • Facilities management;
    • Leasing matters;
    • Relocation, fit out, and/or exit from premises
    • Health & safety for facilities and property contractors;
    • Crisis management of the AIA property portfolio.

       

Procurement Management

  • Manage all aspects of the procurement function; execute all commercial sourcing elements and supplier performance activity; manage Supplier Management Governance Framework
  • Work with executives and the senior management to plan, identify and negotiate deals with suppliers to achieve benefits and efficiencies.

 

Business Continuity Planning (BCP)

Responsible for all Business Continuity Planning (BCP) aspects including organizing meetings, keeping documentation updated, distributing minutes and notes, keeping stakeholders up to date, working closely with internal departments to ensure Policy is followed.

 

 

What you will bring

 

Technical Skills and Knowledge

  • Advanced knowledge of finance, accounting, budgeting, forecasting, financial regulations, high analysis/financial reporting/statements knowledge.
  • Knowledge in strategic planning and execution.
  • Knowledge of good Procurement practices.
  • Knowledge of operational risk management processes & practices.
  • Strong verbal and written communication skills.
  • Ability to meet critical timeframes and deadlines
  • Strong conceptual and analytical skills

 

Business Continuity Planning (BCP)

Responsible for all Business Continuity Planning (BCP) aspects including organizing meetings, keeping documentation updated, distributing minutes and notes, keeping stakeholders up to date, working closely with internal departments to ensure Policy is followed.

 

Role Related Experience

  • >5 years post qualification experience with focus on the insurance industry
  • Insurance Industry Experience
  • Proven ability in building effective relationships, influencing others, leading and developing high performing teams.
  • Extensive senior level finance or accounting experience.
  • Proven ability to think strategically and execute quality team-output under tight timelines.
  • Proven people leadership experience at a senior level.
  • Experience managing a business unit with considerable complexity in a competitive environment and disseminating those complexities to others.
  • Familiarity with working at Executive level with a clear understanding of sound corporate risk management.
  • Evidence of quality report/paper writing via external publications or via internal policy and paper production for Board, ELT and sub-committees would be an advantage.
  • At least 3 years’ experience in managing a portfolio of property assets desirable.

 

Qualifications

  • Chartered Accountant

 

As part of our stated commitment to diversity and inclusion, we cultivate a flexible and supportive work environment that meets the needs of our people and our business. We welcome applications for this role from candidates seeking flexible working arrangements. 

 

 


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