Head, Financial Planning & Analysis

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Job Purpose

To lead and drive the Financial Planning & Analysis (FP&A) function across the Group, ensuring strategic financial insights, robust budgeting and forecasting, accurate management and statutory reporting, and compliance with regulatory standards. This role is pivotal in supporting the Group’s transformation into a data-driven organization and enhancing finance business partnerships.

Job Accountabilitites

1. Strategic Financial Planning & Budgeting

• Lead the Group’s annual budgeting process, including planning, consolidation, review, and presentation to the Board.
• Oversee budget revisions and ensure alignment with strategic objectives and financial targets.
• Develop and maintain cost allocation methodologies across entities (e.g., ABB, AiBB, subsidiaries), including management fees, branch costs, and head office allocations.
• Prepare and present budget-related papers for Board and committee approvals.
• Participate in strategic initiatives such as capital management, contingency funding, and pricing frameworks (e.g., Reference Rate Framework, Risk-Informed Pricing).

2. Financial & Management Reporting

• Oversee the preparation and submission of monthly, quarterly, and annual financial and management reports to internal stakeholders and engaging the business to help drive for results.
• Ensure accuracy, completeness, and timeliness of reports including P&L forecasts, statutory accounts, NSRS reports, and additional regulatory disclosures.

3. Forecasting & Performance Analysis

• Lead monthly and quarterly performance analysis, including variance analysis and KPI tracking.
• Provide financial insights and recommendations to senior management to support strategic decision-making.
• Review the business tendency surveys to benchmark performance.
• Monitor and analyze divisional OPEX against budget for management committee reporting
• 4. Regulatory Compliance & Technical Accounting
• Ensure compliance with Malaysia Financial Reporting Standards (MFRS), Financial Services Act (FSA), BNM Guidelines, Companies Act 2016, and Bursa Malaysia requirements.
• Lead the implementation of new accounting standards and regulatory changes, including updates to accounting policies and guidelines.
• Manage provisioning under MFRS 9, including system enhancements and automation of related scripts.

5. Automation & Process Improvement

• Drive automation of reporting processes using tools like SAS Enterprise Guide (EG), including ECL movement and MRA assessment scripts.
• Redesign reporting tools such as GL voucher scripts to include enhanced reporting dimensions.
• Continuously improve reporting efficiency, data quality, and turnaround time.
• 6. Stakeholder Engagement & Cross-Functional Collaboration
• Collaborate with internal stakeholders including business units, IT, auditors, and senior management to ensure alignment and responsiveness.
• Represent Finance in cross-functional committees and strategic projects such as product development, cross-selling initiatives, and operational risk planning.
• Respond to queries from regulators (e.g., BNM) and external auditors.

7. Team Leadership & Development

• Lead and manage a team of direct and indirect reports across FP&A, budgeting, and reporting functions.
• Foster a high-performance culture through coaching, mentoring, and continuous development.
• Monitor team performance, discipline, and ensure upskilling aligned with evolving business needs.

8. Ad-Hoc Projects & Strategic Initiatives

• Lead or participate in ad-hoc projects

Job Requirements

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional qualification (e.g., ACCA, ICAEW, CIMA, MIA) preferred.
• Minimum 8–10 years of experience in financial planning, reporting, and analysis.
• Strong financial analysis and strategic thinking.
• Excellent communication and stakeholder management.
• Proficient in Microsoft Excel, Word, PowerPoint; SAS EG is a plus.
• High ethical standards, discipline, and integrity.
• Strong leadership and team management skills.
• Ability to work independently and meet tight deadlines.