Assistant Financial Planning & Analysis Manager

Job Description
Job Objective

Key Roles and Responsibilities

Reporting

Budgeted Financial Statements Reports

Establish budget planning timelines, guidelines, and templates for consistency and accuracy.
Coordinate with department heads to collect budget inputs, including forecasted revenues, expenditures, and capital needs.
Prepare comprehensive annual and periodic budgets in accordance with organizational goals and strategic plans.
Present budget drafts, revisions, and justifications in meetings or budget committees.
Review budget variances and provide analysis, commentary, and recommendations to senior management.
Responsible in prepare and present comprehensive budget reports to senior management and relevant stakeholders.

Investment Reports

Liaise with fund managers, banks, brokers, and custodians for data collection, trade confirmations, and reporting coordination.
Provide investment performance summaries and insights into senior management.
Reconcile discrepancies between reported and actual investment records.
Assist in evaluating new investment opportunities from a reporting and documentation perspective.
Maintain historical investment data for analysis and future reference.

Account Payable Management:
Payment Sector:

Verify calculations of agent commissions from Partnership, Business departments and preparing of payment voucher including journal entries for accrual basis.
Verify calculations of claims payment from Claim Department and preparing of Payment voucher including journal entries for accrual basis.
Prepare daily/monthly/annual payable report/analysis and reconciliations.
Prepare of Journal entries of all transactions involving liabilities/ payable accounting and reconciliations of liabilities related Balance Sheet and P&L
Accounts.

Invoice and Payment Entry:

Record supplier invoices, advances, and expense claims into the accounting system.
Prepare and post journal entries for all accounts payable transactions, ensuring correct GL codes and cost centers.
Reconcile AP sub-ledger with the general ledger regularly.
Document journal entry adjustments and maintain audit trails.
Develop and maintain an accounts payable schedule that tracks invoice due dates, payment terms, and planned payment dates.

Cash Flow Forecasting

Provide weekly or monthly forecasts of outgoing payments based on the payable schedule.
Identify upcoming large payments and advise treasury for fund allocation.
Report any expected payment delays to management for planning purposes.

Financial Statement Analysis

Analyze financial statements Review income statements, balance sheets, cash flow statements, and notes to understand a company’s financial performance and position.
Ratio & trend analysis Calculate and interpret profitability, liquidity, solvency, and efficiency ratios; compare results over time and against industry benchmarks.
Performance evaluation Assess revenue growth, cost structure, margins, asset utilization, and overall financial health.
Cash flow assessment Evaluate operating, investing, and financing cash flows to judge sustainability and liquidity.

Other Responsibilities

Maintain records and files of all documents/ checklists and ensure all relevant documents are updated in timely manner
Coordinate and co-operate with the stakeholders to ensure smooth operation of the workflow
Ensure to follow proper procedure regarding Finance Department Guidelines
Provide Process Flow Training for the new entries

Job Requirements

Experience

Minimum 5-7 years working experience in financial management, preferably in the insurance/financial services industry.

Competencies

Careers