Head of Finance

4 days ago


Hong Kong Island, Hong Kong SAR China Chubb Full time
Head of Finance - Chubb Investment Management

The objective of this role is to lead the finance function to ensure the accuracy and compliance of daily accounting operations. This individual will be responsible for the generation and submission of Financial Regulatory Reports under the SFC for a retail focused wealth management platform holding SFC Type 1, 4 and 9 licenses. They will act as the SFC authorised Manager-In-Charge function for the entity.

They will be responsible for performing finance functions in accordance with IFRS and US GAAP and collaborating with cross-functional teams to support business objectives and assisting with tax and audit matters. They will oversee planning, budget and forecast submission to the Group.

As part of the corporate set-up this individual will have a key input into the financial reporting design with a focus on maximizing automation.

Duties & Responsibilities:

  • Regulatory Compliance: Prepare and submit detailed Financial Regulatory Reporting (FRR) to the Securities and Futures Commission (SFC) for type 1, 4 and 9 activities and ensuring compliance with all regulatory requirements and submission deadlines. Monitor regulatory changes and implement necessary adjustments to accounting practices and reporting processes accordingly.
  • Daily Accounting Operations: Oversight finance operations and review the booking of journal entries in accordance with IFRS and US GAAP, ensuring accuracy and compliance with accounting standards. Manage daily reconciliations of accounts, identifying and resolving discrepancies promptly.
  • Financial Reporting & Accounting: Maintain and reconcile the monthly local book and US GAAP accounting ledgers, preparing accurate financial statements for internal and external stakeholders. Generate and analyse financial reports to provide insights on asset performance and accounting metrics.
  • Lead and prepare the monthly forecast, annual budgeting and planning process, incorporating long-term strategic objectives and financial projections. Analyze potential risks and opportunities to provide a comprehensive view of the organization's financial future.
  • Collaborate with cross-functional teams, including compliance, risk management, and investment operations, to support overall business objectives and provide financial insights.
  • Responsible to manage the design on system reporting that the company will build with our 3rd party technology vendors.
  • Assist in liaising with tax agent/auditor on tax/audit issues.
  • Other ad-hoc duties assigned by the management.

Skill Set

  • Bachelor's degree in finance, Accounting, or a related field; relevant professional certification (e.g., CPA, CFA) is a plus.
  • At least 8 years working experience in the asset management industry or a solid understanding of investment accounting principles.
  • Experience of the preparation of FRR submissions to the SFC for type 1, 4 and 9 activities and must have held MIC status for finance and accounting at an SFC authorised company.
  • Experience with journal entries for IFRS and US GAAP is highly desirable.
  • Proficiency in PeopleSoft and other relevant accounting software.
  • Ability to work independently and collaborate with other departments and Group / Local office.
  • Strong interpersonal skills and ability to connect and influence various stakeholders.
Seniority level

Director

Employment type

Full-time

Job function

Accounting/Auditing and Finance

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