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Head of Financial Planning and Analysis - HSBC Life

Head of Financial Planning and Analysis - HSBC Life

HSBCSingapore, Pedra Branca, Singapore
5 days ago
Job description

Head of Financial Planning and Analysis - HSBC Life

Join to apply for the Head of Financial Planning and Analysis - HSBC Life role at HSBC

Head of Financial Planning and Analysis - HSBC Life

1 day ago Be among the first 25 applicants

Join to apply for the Head of Financial Planning and Analysis - HSBC Life role at HSBC

If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Head of Financial Planning and Analysis.

In this role you will :

  • Strategic and commercially focused Finance leadership role working directly with the Chief Financial Officer, Chief Executive Officer and Executive Committee (EXCO) providing action-focused and timely financial insights to support the optimization of the business
  • Work closely with the Chief Distribution Officers, Chief Product and Propositions Officer, and Chief Actuary to ensure optimal business outcomes for the sustainable growth of the company
  • Ensure strong financial discipline is maintained around all business initiatives, assessment of supporting business cases
  • Proactively monitor sales volumes and mix, and costs (management expenses & distribution costs) :

Lead the delivery of the company's annual operating plan (the 'Financial Resources Plan') and leadership of business forecasts around sales, P&L, new business value, embedded value, return on equity of the company

  • Provide clear explanations to senior stakeholders of the key financial metrics of the company and their drivers, and provide oversight over the compensation paid to the distributors (internal and external bancassurance partners, Agency, IFAs, brokers, Singpost), assess the efficiency of the campaigns being run to support the achievement of the plans
  • Overseeing two sub teams - Business Finance and Performance Optimisation :

    • Business Finance : Support timely management information production, control and understanding of management expenses; leading the Financial Resources Plan; Performance Optimisation : Ensure revenue and its drivers (including distribution compensation) are understood to optimise shareholder outcomes

  • Regularly analyse industry trends and best practices to assess the company's performance against competitors and extract pertinent market insights and present at the company's Board meetings on the financial performance of the company

    • Some careers grow faster than others.

    If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

    HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank

    Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

    Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

    We are currently seeking a high calibre professional to join our team as a Head of Financial Planning and Analysis.

    Principal Responsibilities

    In this role you will :

  • Strategic and commercially focused Finance leadership role working directly with the Chief Financial Officer, Chief Executive Officer and Executive Committee (EXCO) providing action-focused and timely financial insights to support the optimization of the business
  • Work closely with the Chief Distribution Officers, Chief Product and Propositions Officer, and Chief Actuary to ensure optimal business outcomes for the sustainable growth of the company
  • Ensure strong financial discipline is maintained around all business initiatives, assessment of supporting business cases
  • Proactively monitor sales volumes and mix, and costs (management expenses & distribution costs) :

    • Lead the delivery of the company's annual operating plan (the 'Financial Resources Plan') and leadership of business forecasts around sales, P&L, new business value, embedded value, return on equity of the company

  • Provide clear explanations to senior stakeholders of the key financial metrics of the company and their drivers, and provide oversight over the compensation paid to the distributors (internal and external bancassurance partners, Agency, IFAs, brokers, Singpost), assess the efficiency of the campaigns being run to support the achievement of the plans
  • Overseeing two sub teams - Business Finance and Performance Optimisation :

    • Business Finance : Support timely management information production, control and understanding of management expenses; leading the Financial Resources Plan; Performance Optimisation : Ensure revenue and its drivers (including distribution compensation) are understood to optimise shareholder outcomes

  • Regularly analyse industry trends and best practices to assess the company's performance against competitors and extract pertinent market insights and present at the company's Board meetings on the financial performance of the company

    • Qualifications

    To be successful you will need :

  • Good knowledge in actuarial, finance (IFRS17) and accounting concepts, with a supporting professional qualification
  • Proven experience in business & performance analysis, with experience in a leadership role
  • Strong analytical skills and proficiency in data analysis tools and techniques. Excellent communication and interpersonal skills, with the ability to effectively convey complex ideas to diverse audiences
  • Strategic thinker with a track record of driving results and implementing innovative solutions
  • Experience working in Life Insurance Industry & Understanding of IFRS17 is a plus
  • Strong report writing and presentation skills
  • Ability to deliver amongst conflicting priorities, and build strong relationships with senior stakeholders, including department heads, executives, and bank partners, to understand their needs and deliver value-added solutions
  • Ability to effectively assess risks associated with business decisions and develop strategies to mitigate them effectively and to manage and mentor a team of business analysts, providing guidance and support to ensure the successful execution of projects and initiatives, with experience in management of medium sized teams

    • Opening up a world of opportunity

    http : / / www.hsbc.com / careers

    HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

    Issued by The Hongkong and Shanghai Banking Corporation Limited.

    Seniority level

    Seniority level

    Not Applicable

    Employment type

    Employment type

    Full-time

    Job function

    Job function

    Finance

    Industries

    Banking

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