Property & Casualty 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.