Associate Director/Director, Finance
- Company: Aegon
- Date: 2 weeks ago
Transamerica Life Bermuda Ltd (TLB) is incorporated in Bermuda and has branches which are registered and licensed in Hong Kong and Singapore. The company has over 85 years of experience in Asia and is dedicated to serving affluent and high-net-worth individuals across Asia and beyond. TLB, part of Aegon is hiring for this role to support TLB’s senior management with accurate and timely financial reporting, sound financial analysis and evaluation of profitability margins, effective KPI and management reporting, support of business development initiatives and development of financial staff.The key result indicators for this role are:• Coordinate and prepare timely and accurate financial reporting to TLB’s senior management and the Aegon Group & regional office.• Further develop financial team member capabilities;• Build effective relationships and communication with management in Hong Kong, Singapore and Bermuda• Build effective relationships and communication with US and NV Corporate, Investments, Tax, and Actuarial colleagues;• Develop / enhance the monthly and quarterly internal management reporting process;• Work effectively with actuarial colleagues to develop / enhance analytical capabilities for IFRS results, capital & investment, source-of-earnings analysis, and earnings planning and projection processes;• Lead the annual budget planning preparation and responsible for the submissions;• Assist as needed with local regulatory reporting (Hong Kong, Singapore, Bermuda), capital planning and analysis, and investment analysis;• Leading ad-hoc projects (e.g. IFRS, reporting process improvements). Primary Responsibilities Working closely with senior management in Hong Kong, Singapore and Bermuda to ensure producing timely and accurate internal and external financial reporting. Researches issues as required in order to provide information for business decisions being considered by management. Provides support and analysis to different business units to enhance growth and profitability. Coordinates and responsible for the Quarterly financial reporting Working with actuarial colleagues, develop effective analytics for business profitability Actively pursues quality improvements in monthly Management accounting reports. Takes full responsibility as a leader in preparing and executing the Budget and Medium Term Planning cycle. Establish sound Forecasting processes at TLB. Assists in system enhancement project and Sox audit. Req University Degree in Accounting, Finance or relevant discipline. Five+ years of insurance industry accounting experience and good working knowledge of insurance industry accounting practices and requirements. Solid understanding of IFRS is needed. Minimum of 10 years related experience gained through increasingly responsible management positions within accounting and/or finance department(s). Professional / Technical Competencies Knowledge: Thorough understanding of IFRS. Experience to manage annual budget and prepare management reports. University Degree in Accounting, Finance or relevant discipline, with a working knowledge of accounting systems and well-developed financial analysis capabilities. Membership in a recognized professional accountancy body e.g. AICPA, HKICPA, ACCA, etc. Familiarity with the types of investment securities, risk/return concepts, and related accounting used for insurance portfolios. Experience in IFRS. Strong familiarity with actuarial concepts used for insurance pricing, capital, modeling, MCVNB, deferred acquisition costs, and valuation. Skills/Abilities: Working knowledge of life insurance industry accounting practices and requirements. Solid understanding of IFRS or Management experience. Well versed with MS Office applications, experience with complex general ledger systems, and familiarity with data query tools and management reporting software. Initiating Action: taking prompt action to accomplish objectives; taking action to achieve goals beyond what is required; being proactive. Persistence: has high energy to see things through tolerates stress and maintains stable performance under pressure or opposition. Leadership: keeping the organization’s vision and values at the forefront of decision making and execution. Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal. Interpersonal skills and collaboration: working effectively and cooperatively with others: establishing and maintaining good working relationships. Communication: good command in English, clearly conveying information and ideas through a variety of media to individuals and groups, verbally and in writing, in a manner that engages the audience and helps them understand and retain the message. Analysis/Problem solving: identifies and understands issues, problems and opportunities; compares data from different sources to draw conclusions; uses effective approaches for choosing a course of action or developing alternatives based on logical assumptions, facts, available resources, constraints and company values. Planning and organizing: establishes clear quantifiable and realistic objectives for achievement in a given time period. Works with others in the formulation of their plans. Prioritizes objectives and tasks. Uses resources - time, people, and systems. Interested candidates are invited to submit the application online with detailed resume stating educational background, working experience, current and expected salaries, and contact number. Please feel free to contact Eva Kwong at Personal data collected will be used for recruitment purposes. Personal data of unsuccessful applicants may be retained up to two years only. TLB provides equal employment opportunities for employees and applicants throughout the employment lifecycle, including recruitment and selection, promotions, transfers, training and development, compensation and benefits, performance management, disciplinary procedures, Company-sponsored social and recreational programs and termination. No one will be discriminated against because of race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, family circumstances, physical or mental disability, marital status, participation in the uniformed armed services or any other status protected by law. Company information Aegon AsiaAegon Asia is part of the Aegon Group – a life insurance, pension and asset management company headquartered in The Hague, Netherlands with a presence in more than 25 markets in the Americas, Europe and Asia. Aegon N.V. is listed on the Amsterdam and New York stock exchanges. Aegon companies employ over 29,000 employees and have millions of customers across the globe.Asia is among the world's fastest developing regions and presents significant growth opportunities for Aegon. With the Regional Office headquartered in Hong Kong, Aegon's regional division oversees and supports operations in eight countries across Asia Pacific. A recently created regional digital team based in Singapore drives digital innovations in the region. Aegon operates through three major joint ventures in China, India, and Japan, in addition to the pan-Asian operations of Transamerica Life Bermuda and Aegon Aegon LinkedIn Transamerica Life Bermuda (TLB)Founded in 1906, Transamerica is one of the world's leading financial services companies with over 100 years of history. Transamerica Life (Bermuda) Ltd. (Transamerica Life Bermuda) was established in 2005 and its full-service branches opened in Hong Kong and Singapore in 2006.Transamerica Life Bermuda is a leading High Net Worth insurance provider, dedicated to offering life protection to High Net Worth individuals, families and businesses across Asia and beyond. With over 80 years of heritage in Asia, we offer innovative insurance solutions that help customers protect their wealth legacies and preserve their hard-earned assets for generations to come. Our aim is to deliver exceptional service and powerful solutions that protect and perform at the highest possible level. Transamerica Life Bermuda is of the Aegon Group. Transamerica Life Bermuda LinkedIn Aegon InsightsAegon Insights is the Asia Pacific-based insurance marketing and consulting arm of Aegon, one of the world's leading financial services organizations, providing life insurance, pensions and asset management. Aegon Insights has operations in Australia, China, Indonesia, Japan and Thailand, with its regional office in Hong Kong.With expertise in customer journey design and distribution of protection products, Aegon Insights provides solutions for its business partners and their customers; from customer analytics insights with actionable models, integrated distribution platform solutions, innovative product design, marketing campaign and omni-channel distribution design; through to assistance with policy administration and claims management. Aegon Insights LinkedIn Aegon Asset Management AsiaFrom our regional headquarters in Hong Kong, Aegon Asset Management Asia offers investment management solutions and services from across our centres of expertise in North America, the UK, Continental Europe and Asia.Aegon Asset Management's specialist teams provide high-quality investment solutions across asset classes, including fixed income, multi-asset, real estate, equities, absolute return, multi-manager, liability-driven, and ethical investing.The Aegon Asset Management group is the global investment management company of Aegon and operates multiple brands.
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