Senior Manager, Finance

About us

bolttech is a fast-growing global insurtech with a mission to build the world's leading, technology-enabled ecosystem for protection and insurance. Our vision is to connect people with more ways to protect the things they value.

Launched in 2020 in Singapore, bolttech's 1,600+ team serve customers in 35+ markets across Asia, Europe, North America, and Africa. With international licenses, an extensive partner network, and leading-edge technology and product innovation capabilities, our ecosystem brings together insurers and distributors to make it easier for customers to get the right protection at the point of need.

In this position you will…

…lead and manage the Financial Planning & Analysis, Financial Control, and Tax functions for Device Protection (Bolt One) and Insurance Exchange (Bolt Choice) businesses in Singapore. You will work closely with a diverse team of finance professionals across Asia. By mentoring and developing the team, implementing systems and process, and by building key relationships, you will help to build a best-in-class finance function.

You will be responsible for…

Finance Operations

• Managing and overseeing daily operations of the accounts department for both bolttech Broker and bolttech Agency business entities
• Ensuring that accounts are prepared in compliance with accounting standards
• Providing guidance and support to the team members
• Reviewing journals and payments done by the team
• Reviewing GST reporting done by the team and ensure submission to IRAS before deadline
• Preparation and timely reporting of financial results and reports to management every month
• Preparation and timely reporting of sales premium results to management & Senior Manager every month
• Assisting and coordinating any banking matters.
• Cash flow management to ensure sufficient liquidity.
• Ensuring timely quarterly and yearly reporting to MAS.
• Monthly checks on emails in MASnet.
• Keeping management posted on relevant announcements and emails from MAS.
• Monitoring credit control and highlight any issues during monthly credit control meeting.
• Working closely with the accounts and operation team in improving systems, processes and internal controls.
• Highlighting financial related issues to top management
• Preparing annual budget vs actual report.
• Reviewing and ensure asset listing are up to date
• Liaising with vendors on system related issues
• Liaising with tax agents, auditors, corporate secretary to ensure compliance with statutory requirements and all matters relating to the Company.

Strategy

• Business Strategy: Partnering with the business to identify and refine the Finance organisation's business strategy.
• Organisation Design: Continuously reassessing the current state Finance organisation and skillsets, and identify and implement future state structure based on business partner needs.
• Innovation and Option Value: Identifying opportunities for innovation and increasing Bolttech's value proposition within Finance.
• Process Convergence and Automation: Identifying and implementing best-in-class processes and execute a plan for increased automation
• Location Strategy: Further identifying and driving opportunities to maximise the utilisation of our Global Business Services (GBS) model
• Strategic Initiatives: Providing leadership and oversight on regional strategic programs and initiatives.

Financial Planning & Analysis

• Presenting financial and operational analysis to provide visibility on performance or support future business decisions internally
• Generating and maintaining budget, forecasting and actual data for the country
• Providing high-quality support to the management as well as other functional teams during preparation for Business Reviews and Forecasts and other ad-hoc meetings.
• Providing insightful analysis on the financials and suggesting implications on business performance
• Developing financial reports for business stakeholders and group reporting.
• Providing financial guidance and support to businesses to understand profitability, what are the gaps in achievement of KPIs, and mitigating plans.
• Performing Risk and Ops assessment in collaboration with business stakeholders to ensure that financial implications from both sides is tracked and monitored.
• Supporting the business in implementing processes which are tax compliant and efficient
• Overseeing the cash funding process and intercompany support
• Maintaining relationship with external supports, Advisors and Auditors

Finance Controllership

• Monitoring the monthly and annual closing process to ensure completeness and accuracy of financial results.
• Monitoring deliverables from outsourced GBS partner on financial transaction processing and support.
• Understanding the accounting policies underlying management results and budgeting principles.
• Advising business on new policy update and their impact on accounting treatment.
• Providing guidance on system and process for financial and operational planning, forecasting.
• Team with Internal Tax to provide business with solutions on complex organization and operation issues as well as compliance with country jurisdictions.
• Responding to stakeholders on ad-hoc requests on finance and operation related matters.

For you to be successful…

…we expect you to be able to demonstrate the following key competencies:

Impactful

•       Proactive in identifying what needs to be done, and taking action, before being asked, or before the situation escalates

•       Evaluates data and makes decisions, including differing stakeholder perspectives and/or some missing information.

•       Focused on objectives and identifies activities and key results required to meet them

Collaborative

•       Partners with a range of people to create trust, and co-create and deliver mutually beneficial outcomes

•       Develops collaborative and dynamic working relationships to achieve the best possible outcomes

Adaptable

•       Looks to understand bigger picture rationale for changes and adapts in a flexible and nimble manner

•       Flexible in successfully juggling multiple requirements, ambiguity and competing demands. Perseveres in challenging circumstances.

Communication

•       Keeps relevant people accurately informed and up-to-date of both positive and potentially negative information

•       Concise in communicating and references relevant information tailored to the audience to support points

•       Effective and articulate communicator actively and respectfully listens to and synthesizes others' perspectives

You will require the following qualifications and skills

• At least 10-12 years of experience in financial accounting, auditing, corporate strategy, or financial consulting with 5 years in an MNC or financial services organization
• Strong analytical, quantitative, execution, project management and leadership skills coupled with good financial acumen
• Insurance industry and Big 4 accounting firm experience preferred.
• Excellent senior stakeholder management