Financial Planning managerFWD

About FWD Life Insurance Corporation
FWD Life Insurance Corporation (FWD Life) launched its commercial operations in September 2014. As of end-2019, its fifth full year of operations, FWD Life continues to outpace life insurance industry growth as a Top 8 insurer, based on New Business Annual Premium Equivalent.(1) FWD Life also remains as one of the Top 3 insurers in terms of Paid-Up Capital.(2)
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah, and Family Takaful products across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has 17 business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information, please visit fwd.com.ph.
1 www.insurance.gov.ph > Statistics > Life > 2019 > Based on New Business Annual Premium Equivalent
2 www.insurance.gov.ph > Statistics > Life > 2019 > Based on Paid-Up Capital
Job Purpose:
Responsible for the preparation, completion and implementation of local financial plans of the company as aligned to FWD Strategic framework, and ensure that those financial plans are consistent with relevant Accounting Standards (Philippine Financial Reporting Standards, International Financial Reporting Standards and Regulatory Accounting Principles) and taxation (both local and applicable tax treaties).
Evaluate and analyze the financial impact of various initiatives, including strategic and department-specific projects and provide recommendation thereof.
Ensure compliance on the strategic and tactical direction of the Group by completing the Group Management reporting requirements by consistently following the Group management reporting guidelines.
Creation and automation of Financial Accounting reports, Investment and Actuarial Valuation in consideration of the statutory Philippine Financial Reporting Standards (PFRS) and International Financial Reporting Standards (IFRS) requirements that can aid in business-decision making.
Key Responsibilities:
Manage the timely completion of short-term and long-term financial plans of the company by ensuring that those financial plans are consistent to the strategic intent and tactical plans of both the Group and local management.
Provide valuable insights from the quarterly and annual financial forecast and progress of the strategic and tactical plans of the company, and recommend ways and means to achieve the Company KPIs and targeted operating results and financial condition of the company. All these to be considered in the capital position of the company in relation to Insurance Commission's Net Worth and Risk-based Capital requirements.
Generate and analyze the monthly and quarterly management reporting requirements by the Group Office and local management that will aid in business-decision making.
Provide valuable insights on the submitted CARs (Commitment Approval Requests) in relation to budget and forecast figures in terms of Accounting and Taxation, and make recommendations to Chief Financial Officer (CFO), Finance Controller (FC) and Head of Financial Planning, Controls and Analysis. CAR includes strategic projects and tactical initiatives of the company e.g. IT system development, Marketing and Advertising, opening of branches to strategic locations, and other strategic objectives of the company.
Prepare and provide analysis of quarterly Board and Committee materials for the CFO.
Document/update processes relevant to the finance planning/ budget/ expense management.
Requirements:
Bachelor's degree in Finance, accounting, economics and any other related fields.
Preferably Certified Public Accountant
With minimum of three years experience in management reporting and Accounting in a Life Insurance Industry
Experience in project management
Proficient in MS word, excel and other tools used in reporting
Able to undertake projects systematically
Must have understanding of the overall flow of business from application to policy transactions during the life of the policy
Experience in developing and delivering presentations at executive levels.
Must be willing to work in BGC, Taguig
Privacy Notice
Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.
FWD has partnered with Talocity Instasolutions Private Limited ("Talocity") to manage the initial filtering of candidate's profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.
When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.