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AIA Group

Pan-Asian life insurance provider

Function Lead - Procure to Pay

Full-Time
No salary listed
Expert
Putrajaya, Malaysia
In Person
AccountingAccounts Payable/Receivable

About the job

Requirements
  • Experience in procurement and payables-related fields in a shared services environment.
  • 12 to 15+ years of supervisory or management experience in procurement and payables operations.
  • Advanced knowledge of accounting standards and principles, including interpreting and applying them to real-life scenarios.
  • Advanced knowledge of external reporting requirements for all reporting bases, including local regulatory requirements.
  • Experience with operations systems and architecture, including Ariba, Concur, and SAP.
  • Technology savvy, especially in Agentic Artificial Intelligence and Copilot.
  • Good analytical, communication, presentation, and soft skills.
  • Good leadership and people skills.
Responsibilities
  • Provide leadership, management, and technical assistance for Procurement Support Operations and Accounts Payable to ensure efficient, robust, and sustainable operations supporting AIA Group and Local Business Units.
  • Lead day-to-day operations of Procurement Support Operations and Accounts Payable in accordance with accounting policies and standards, regulatory guidelines, operational policies and procedures, and service levels; monitor, report, and continuously refine deliverables and service-level performance for Group and Local Business Units.
  • Monitor KPIs and ensure they are met and communicated to Group and Local Business Units on time.
  • Oversee and review Business Process Manuals for Procurement Support Operations and Accounts Payable, optimizing best practices, updating manuals promptly, ensuring risks are addressed with appropriate controls, and maintaining alignment with AIA accounting procedures and applicable group and local accounting standards.
  • Supervise adherence to internal controls in Business Process Manuals, identify opportunities to improve team effectiveness and efficiency, strengthen controls after misses or issues, and guide the team to prevent recurrence.
  • Review end-to-end systems and process design and manage recommendations through implementation, including regular and timely updates to Business Process Manuals, to achieve sustainable operations and maximize operational scale.
  • Provide systems and process subject-matter expertise for Group and Local Business Unit projects and initiatives, ensuring compatibility with current and anticipated business requirements and interdependent systems and processes.
  • Lead the operating budget, including preparing, challenging, and communicating annual budget cycles and monitoring actual spending to optimize costs.
  • Manage and develop collaborative business relationships with Local Business Units, Group cross-functional teams, external auditors, and other stakeholders.
  • Act as business partner to Group Finance, CFOs, the Head of Finance, and Local Business Units on matters relating to Procurement Support Operations and Accounts Payable, providing timely and satisfactory responses to queries.
  • Lead, direct, and hold full management accountability for employees in the area of responsibility, focusing on talent management, succession planning, employee experience, retention, skill development, and staff engagement in alignment with organizational strategy.
  • Support the Head of GFS on other GFS-related projects and operations as required.

About the company

AIA Group provides life insurance and financial protection services to individuals and groups across 18 markets in Asia. The company works by offering insurance policies and long-term savings plans that pay out benefits and claims to help customers manage their health and financial needs. AIA distinguishes itself through its century-long history in the region and its position as the largest independent publicly listed pan-Asian life insurance group. Its goal is to lead the industry in sustainability while helping millions of people live healthier, longer, and better lives.

Company Size

10,001+

Company Stage

N/A

Total Funding

$618.7M

Headquarters

Central and Western District, Hong Kong

Founded

N/A

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Simplify's Take

What believers are saying

  • AIA reported 2025 VONB of US$5.5 billion and OPAT per share growth of 12%.
  • AIA returned US$3.6 billion to shareholders in first-half 2026 through dividends and buybacks.
  • AIA launched SelectWise in February 2026, targeting Hong Kong medical-insurance demand.

What critics are saying

  • China tax authorities began taxing offshore insurance income in August 2026.
  • Hong Kong insurers lost value on August 6, 2026 after the offshore-tax report.
  • AIA’s heavy Hong Kong-China exposure makes policy shocks existential for near-term growth.

What makes AIA Group unique

  • AIA’s Premier Agency drove 2026 H1 China VONB growth of 20%.
  • AIA Hong Kong’s partnership channels with Citibank and BEA widened affluent reach in 2026.
  • AIA’s 18-market scale and HKRBC disclosures reinforce capital strength above minimums.

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Benefits

  • Health Insurance
  • 401(k) Retirement Plan
  • Remote Work Options
  • Flexible Work Hours
  • Unlimited Paid Time Off
  • Paid Vacation
  • Wellness Program
  • Mental Health Support

Company News

Yahoo Finance
Apr 30th, 2026
AIA's new business value jumps 13% to $1.76B on strong Hong Kong, China demand

AIA Group reported a 13% increase in value of new business (VONB) to $1.76 billion for the first quarter ended March 31, up from $1.50 billion a year earlier. The Asia-focused insurer dismissed concerns about capital market volatility amid geopolitical tensions. Hong Kong, AIA's core market, saw VONB rise 21%, driven by demand from local customers and mainland Chinese visitors seeking offshore insurance products. China, the company's second-largest market, posted a 26% increase, supported by its Premier Agency sales force and bancassurance partnerships. Hong Kong and China together account for roughly half of AIA's global new business growth. The insurer cited favourable demographics, rising incomes and low insurance penetration across its 18 Asian markets as key growth drivers.

AIA Australia
Aug 15th, 2024
AIA Australia appoints Tracey Crowe as Chief Customer Operations and Claims Officer

In July 2017, AIA and its partners launched AIA's health insurance business, now known as AIA Health Insurance.

Adobo Magazine
Aug 14th, 2024
AIA Group's 'Rethink Healthy' platform challenges conventional health standards in Asia

HONG KONG - Insurance company AIA Group has officially launched its new brand campaign platform, "Rethink Healthy."

Human Resources Online
Jul 18th, 2024
Up the ranks: Raman Sidhu joins AIA as Director, Group Talent & Leadership

Raman Sidhu has taken on the role of Director, Group Talent & Leadership at pan-Asian life insurance group AIA, effective July 2024.

PR Newswire APAC
Jun 17th, 2024
Aia Launches "Rethink Healthy" Brand Campaign To Inspire A Healthier Asia

HONG KONG, June 17, 2024 /PRNewswire/ -- AIA Group Limited ("AIA" or the "Group") today announces the launch of its new brand campaign platform "Rethink Healthy". The campaign seeks to challenge stereotypes and narrow depictions of health in Asia and calls for new definitions of health that will encourage more people to live healthier."Rethink Healthy" promotes a more holistic and sustainable approach to wellbeing that is inclusive, relevant and achievable for people in Asia. The campaign is part of the AIA One Billion ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030.It was formed in response to a regional wellness report[1] commissioned by AIA which found many consumers in Asia believe that being healthy is too hard and inaccessible. Key findings of the research revealed:While the majority of respondents want to improve their health, 80% do not believe that they are healthy today.As a result, 57% of those surveyed reported they have not managed to make changes to improve their health.People across Asia are overwhelmed by constant, narrow depictions of perfect health and wellness routines.are overwhelmed by constant, narrow depictions of perfect health and wellness routines. 63% of respondents believe that exercise must be intensive and lengthy to be healthy, which discourages many from being more physically active.The majority of those surveyed believe that small actions cannot improve physical health, despite research[2] demonstrating the value of small steps done consistently to form habits.Stuart A. Spencer, AIA Group Chief Marketing Officer, said, "Our reality today is that Asia is getting wealthier but not healthier