Job Information
The Cigna Group Financial Controller in Singapore, Singapore
Reporting to the Chief Financial Officer, the Financial Controller will lead a team of about 10 people in the areas of Financial Reporting, Financial Planning & Analysis and Finance Operations as well as Projects. This is an important role supporting the Chief Financial Officer and Senior Leadership Team as a finance advisor to drive strategic initiatives and company-wide KPIs.
Critical Tasks and Expected Contributions/Results:
Direct the development and implementation of sound accounting and budgetary policies, procedures, reports, tax planning and effective control mechanisms, including internal audit programs, to ensure the integrity, accuracy and timeliness of financial, regulatory and operating data, optimal protection of assets, minimal potential risks and maximum contribution to the financial health of the company. Adopt a continuous improvement principle to identify process improvements and drive automation.
Lead and coordinate the financial reporting processes (local/US-GAAP), including annual financial statements, regulatory filings, balance sheet reconciliations and returns as well as annual statutory audit with strict reporting deadlines.
Lead company-wide efforts to enhance financial reporting internal controls.
Coordinate with Tax Department (internal shared services) in the preparation and timely submission of local income tax returns and ensuring all information is submitted to the Tax Department on a timely and consistent basis
Analyze and interpret financial information and present monthly results and analysis to senior management and develop monthly profitability analysis by book of business
Lead the planning and forecasting processes, for management’s successful delivery of compelling and ambitious plans that support strategic objectives and Key Performance Indicators
Oversee company-wide expense management and budgeting and collaborate with all budget owners to optimize expense and drive efficiency
Assist CFO to coordinate with UK Treasury team in managing investments (including fixed deposits) so as to improve investment income.
Drive change management on finance initiatives and regulatory updates, including IFRS 17 by partnering with actuarial, financial reporting, IT and other functions
Support finance team members to carry out their normal job duties as well as pursue possibilities that will create sustainable value and growth through proper coaching and support their development
Prepare management presentations such as Business Updates and Reviews, Annual Budget review, Strategy Meetings, Staff Town Halls, Audit Committee and Board Updates
Assist CFO with Board and other company secretarial duties, including organizing committee meetings and preparing minutes
Support the CFO and wider finance team in other projects as required
Key Challenges/Anticipated Changes in Environment:
Successfully embed IFRS 17 financial statements including completion of external audit to become BAU
Work with matrix organization and gaining the senior team's credibility
Keep abreast of competition and able to provide useful input to the management under a changing business environment
Ensure the appropriate finance/accounting/operational standards are met amidst a changing environment
Lead company-wide efforts to enhance financial reporting internal controls
Build up the bench strength in line with business growth
Understand broader health services in Singapore and globally
Understand of systems in use (policy administration, payment, ledger, etc)
Developmental Value of Position:
Broad exposure across the local and International Health business and senior leadership team
Opportunity to lead multiple teams
Potential to be included in the CFO succession pool
Experience/Knowledge, Education and Other Requirements:
Fully qualified accountant with experience in leading a small team in managing full sets of insurance accounts and regulatory reporting
Experience of monthly accounting close process in a fast-paced environment
Experience in insurance and within an international environment is preferable
Familiar with MAS regulatory reporting requirements
Focus on strong control environment and experience of balance sheet reconciliations
US GAAP knowledge is preferable
IFRS 17 knowledge is preferable
Experience on Oracle or similar General Ledger packages
Strong MS Office and general PC skills are essential
Personal Competencies Required:
Team player who has a hands-on approach to achieving objectives with ability to connect, influence and motivate self and others
Analytical, well-organised, results oriented individual with a drive for continuous improvement
Flexibility with the ability to prioritize work to ensure tight deadlines are met
Responsible individual who is used to dealing with people at all levels of the organization
Strong communication skills, both written and verbal
Attention to detail and accuracy
About The Cigna Group
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
The Cigna Group
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