P&C Divisional Finance Officer

Purpose The Divisional Finance Officer (DFO) is responsible for overseeing the financial management, planning, and analysis for the Property & Casualty (P&C) division within the APAC, General Insurance business. The DFO serves as a strategic partner to the divisional leadership team, providing financial insights, ensuring compliance with regulatory requirements, and driving financial performance to achieve business objectives. Responsibilities Financial Strategy and Leadership: • Partner with divisional leadership to develop and execute financial strategies that align with the overall goals of the P&C business. • Provide financial insights and recommendations to support decision-making, including pricing, underwriting, and claims management strategies. • Lead the development of financial plans, budgets, and forecasts for the division. Financial Planning and Analysis (FP&A): • Analyze financial performance, including revenue, expenses, profitability, and key performance indicators (KPIs). • Prepare and present financial reports, dashboards, and variance analyses to senior management. • Identify trends, risks, and opportunities, and recommend actions to optimize financial outcomes. Operational Support: • Collaborate with underwriting, claims, and operations teams to ensure alignment between financial goals and operational activities. • Support the development of pricing models and ensure appropriate reserving practices for the P&C portfolio. • Monitor and manage expense controls, ensuring efficient use of resources. Regulatory and Compliance Oversight: • Ensure compliance with all financial reporting standards, regulatory requirements, and internal policies. • Oversee the preparation of statutory filings and regulatory submissions for the P&C division. • Work closely with auditors and regulators to address financial and compliance matters. Risk Management: • Assess financial risks related to underwriting, claims, and market conditions, and develop mitigation strategies. • Collaborate with actuarial teams to evaluate loss reserves and ensure adequacy. Team Leadership and Development: • Lead and mentor a team of finance professionals, fostering a culture of collaboration, accountability, and continuous improvement. • Build strong relationships with cross-functional teams and stakeholders to drive alignment and achieve business objectives. Technology and Process Improvement: • Leverage financial systems and tools to enhance reporting, analytics, and decision-making capabilities. • Identify and implement process improvements to increase efficiency and accuracy in financial operations. Education and Experience: • Bachelor’s degree in Finance, Accounting, Economics, or a related field (MBA or CPA preferred). • Extensive experience (typically 10+ years) in financial management roles, preferably within the insurance industry or P&C line of business. • Strong knowledge of insurance accounting principles, including GAAP, IFRS, and statutory accounting. Skills and Competencies: • Deep understanding of the P&C insurance market, including underwriting, claims, and reinsurance. • Strong analytical and problem-solving skills, with the ability to interpret complex financial data. • Excellent communication and presentation skills, with the ability to influence stakeholders at all levels. • Proven leadership and team management abilities. • Proficiency in financial systems, tools, and software (e.g., SAP, Oracle, or similar platforms). Key Attributes: • Strategic thinker with a results-oriented mindset. • High level of integrity and commitment to ethical practices. • Ability to thrive in a fast-paced, dynamic environment.