Position Objective:

The position objective of the role of Assistant Manager Financial Planning & Analysis is to provide support in financial analysis and planning activities within an organization. This involves assisting in the development of budgets, forecasts, and financial models, as well as analyzing financial data to provide insights and recommendations to improve the financial performance of the company.

The Assistant Manager Financial Planning & Analysis is responsible for monitoring and reporting on key financial metrics, identifying areas of risk and opportunity, and supporting decision-making processes through accurate and timely financial analysis. The objective is to help drive strategic planning and ensure the financial health and stability of the company.

Responsibilities:

Reporting 

- Lead and coordinate with related departments to prepare and submit monthly/quarterly/annually/ad-hoc Group Report and other reporting requirements to Regional Office/Global Office. 

- Prepare Fund Splitting Report, operational status of Universal Life Fund in accordance with VAS and regulations applicable to life insurance companies in Vietnam. 

- Prepare compensation report of all distribution channels: agency and all partnership distribution channel. 

- Tracking and control to ensuring compensation expense align with approval budget and actuarial pricing. 

- Support month-end closing process and co-operate with accounting team to ensure all expense booking in accordance with nature of chart of accounts and in-line with Budgeting/Forecasting. 

- Lead and coordinate with related departments to develop and timely submit various types of professional and effective management reports. Proactively, provide meaningful analysis and comments to support for decision making of BOD. 

- Optimize and enhance Sun System (accounting system) for integration to TM1 system (Planning & Forecasting system) to adapt automation where possible to improve productivity. 

Planning & Budgeting and Forecasting 

- Lead and coordinate with related departments to prepare and submit Annual Budget Package, Company Strategic Plan Package as agreed deliverables set by Regional Office/Global Office. 

- Regularly forecast of general operating expenses (GOE) by nature of expense line as timeline and required process. Consolidate financial data to finalized forecasting Monthly Operating Statement (MOS) report by monthly/quarterly/annually. 

- Be one of the contact points of TM1 system (Planning & Forecasting system) and implement upload financial data to TM1 system. 

- Prepare monthly key performance indicators (sales, premium collected, agency metrics, partnership distribution metrics, profit, financial ratio…) with detailed analysis and comments. 

- Market intelligent reports and market share analysis. 

- Ensure sufficient monthly expense tracking and monitoring spending activities via accurate actual expense & timely accrued expense booked on Sun System vs. approved budget/forecast. Do variance analysis vs budget/forecast and differences will have to be justified. 

- Prepare presentation package and add valued comments to all required slide decks for Senior Management Team meeting. 

- Support line manager for ad-hoc analysis to facilitate various review/study on efficiency and effectiveness of spending activities with recommendations.

Requirements:

- Bachelor’s degree in finance/accounting. Certificate in ACCA/CMA/CPA is a plus. 

- At least 5 years of working experiences in FP&A/Management accounting in insurance companies. 

- Have a good financial analysis knowledge. 

- Good in spoken and written English. 

- Good understanding of VAS, IFRS/US-GAAP reporting. 

- Good communication, time management, team working and proactivity. 

- Willing to new-learning and improving, automation process.