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CFO (Insurance)

Kuala Lumpur Permanent MYR30,000 - MYR40,000 per month (MYR360,000 - MYR480,000 per year) View Job Description
Seeking for an experienced CFO to lead the financial strategy and operations, ensuring robust financial performance while adhering to the IFRS 17 principles and someone who is strong in it.
  • PLC
  • Driving business and strategic planning

About Our Client

Our client is a leading player in the insurance sector, committed to providing compliant financial protection services and they're looking for talented individual who is keen with driving changes and performance of the business to join them.

Job Description



  • Strategic Financial Leadership:
    • Develop and execute the company's financial strategy in line with its overall business goals and Shariah compliance.
    • Collaborate with the CEO and executive team to set long-term financial goals and business objectives.
    • Provide financial insights and guidance to support strategic decision-making and business planning.


  • Financial Management & Reporting:
    • Oversee the preparation and accuracy of financial reports, including income statements, balance sheets, and cash flow statements, ensuring they comply with Shariah principles.
    • Lead the budgeting, forecasting, and financial planning processes, ensuring alignment with company objectives.
    • Ensure timely and accurate financial reporting to stakeholders, including regulatory bodies, the Board of Directors, and investors.


  • Risk Management & Compliance:
    • Implement and maintain a robust risk management framework that complies with Takaful regulations and Shariah requirements.
    • Monitor and manage financial risks, including investment risks, market risks, and operational risks, ensuring adequate protection of policyholder funds.
    • Ensure compliance with all relevant regulatory requirements, including those set by the central bank, insurance regulators, and Shariah boards.


  • Investment Management:
    • Oversee the company's investment strategy, ensuring investments are Shariah-compliant and aligned with the company's risk appetite.
    • Manage relationships with investment managers, ensuring optimal performance of the investment portfolio.
    • Provide regular updates on investment performance to the Board and other stakeholders.


  • Operational Efficiency:
    • Drive financial process improvements to enhance efficiency and accuracy across the organization.
    • Lead the implementation of financial systems and technology to support the company's operational needs.
    • Oversee treasury management, including cash flow management and liquidity planning.


  • Capital Management & Fundraising:
    • Manage the company's capital structure, ensuring adequate liquidity and capital reserves to meet regulatory requirements and support growth.
    • Lead efforts to raise capital, including issuing Sukuk or other Shariah-compliant financial instruments.
    • Build and maintain relationships with banks, investors, and other financial institutions.


  • Team Leadership & Development:
    • Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and high performance.
    • Ensure the finance team has the necessary skills and knowledge to support the company's strategic objectives and compliance requirements.



The Successful Applicant

  • Degree in Finance, Accounting, Economics, or a related field; MBA or CPA is preferred.
  • [Minimum 10 years of experience in finance, with at least [5+] years in a senior leadership role within the insurance or Takaful industry.
  • Strong knowledge of Shariah-compliant financial practices and Takaful regulations.
  • Experience in investment management and risk management within a financial services environment.
  • Strong communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
  • High level of integrity and commitment to ethical business practices.
  • Strong problem-solving and analytical skills.



What's on Offer

the CFO play a critical role in shaping the financial strategy of the company, overseeing all financial activities including budgeting, financial reporting, risk management, and compliance with Shariah principles. The CFO will also be responsible for driving financial efficiency and supporting the company's growth objectives in the Takaful insurance market.

Contact
Carolyne Yew
Quote job ref
JN-072024-6494176
Phone number
6012 326 4309

Job summary

Function
Finance & Accounting
Specialisation
Financial Director / CFO
What is your area of specialisation?
Insurance
Location
Kuala Lumpur
Contract Type
Permanent
Consultant name
Carolyne Yew
Consultant contact
6012 326 4309
Job Reference
JN-072024-6494176

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.