Finance, Principal

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.

And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business.

Sound like you? Then read on.

About The Role

To lead and manage the intercompany accounting and variable expense management functions across AIA Bhd and subsidiaries. This role ensures accurate financial reporting, strong governance and continuous process improvement, while supporting strategic finance initiatives and cross-functional collaboration.

Key Responsibilities:

Intercompany Accounting, Reporting and Operation

• Manage and oversee the intercompany closing by ensuring intercompany billing and invoices being processes and captured in accounting system accurately and timely on monthly basis.
• Review intercompany reports and perform analytical review and analysis on intercompany transactions and balances against the approved budget and comparable reporting periods.
• Oversee the intercompany settlement of outstanding balances and monitor the intercompany balances aging and follow up on long outstanding balances with related parties for settlement.
• Manage USD-denominated intercompany transactions, ensuring accuracy and collaborating with Treasury on foreign exchange exposure and hedging strategies.
• Coordinate with service providers and recipients to review and update intercompany charge rates as well as ensure intercompany agreements are renewed timely and reflect current business arrangements.
• Prepare and manage the annual intercompany budget, ensuring alignment with business plans and cost allocation principles.
• Provide insights, guidance, and technical support to the intercompany team on intercompany accounting, reporting and compliance matters.
• Lead the preparation, review and validate transfer pricing reports for AIA Bhd and subsidiaries in coordination with the external consultant and affiliates in ensuring alignment with intercompany charges and compliance with Malaysia Transfer Pricing Guidelines and OECD Transfer Pricing Guidelines.
• Maintain and enhance intercompany accounting policies and procedures in line with group standards, IFRS/local GAAP and local statutory requirements.
• Support annual compliance review, statutory and audit requirements related to intercompany transactions.

Variable Expense Management

• Manage the variable expense closing by ensuring variable expenses are captured in accounting system accurately and timely on monthly basis.
• Lead the planning and manage Agency Related Expense and Marketing Cost accrual and tracking of Agency Related Expense and Marketing Cost against budget.
• Work closely with actuarial, business strategy, and distribution channel teams to improve forecasting and budgeting processes.
• Facilitate alignment between finance and business units on expense planning and execution.
• Review the expense request from distribution channel to ensure it is within budget and coordinate the internal approval on the expense request.
• Maintain and enhance VEA accounting policies and procedures in accordance with Group standards and regulatory requirements.
• Support statutory audits and ensure compliance with internal controls and financial reporting standards.
• Provide ad-hoc analysis and insights to senior management and other stakeholders to support decision-making.

MOST Reporting

• Lead the coordination of monthly/quarterly management reports presented to senior management/group office/Board.
• Support team members in liaising with business units to gather report content, manage review cycles, and ensure alignment with strategic objectives.
• Respond to ad-hoc requests from senior management and other stakeholders, providing financial analysis and insights as needed.

Minimum Job Requirements:

• Degree in Finance
  /
  Professional qualifications: e.g., CPA, ACCA, or equivalent preferred / or related field
• Minimum 10 years of working experience. Experience in Intercompany Governance and Transfer Pricing is preferred.
• Highly numerate, diligent, resourceful and independent, ability to multi-task and prioritise.
• Strong leadership capabilities that can lead, influence and motivate to create a high performing team.
• Effective communication and stakeholder management abilities.
• Detail-oriented and ability to navigate and maintain strong working relationships with other stakeholders.
• Experience in insurance or financial services industry is an advantage.