Manager, Budget & Cost Controlling, Asia Pacific

at  Allianz Singapore

JOB PURPOSE

Develop and improve budget and cost controlling mechanisms within the organisation by upholding effective budget and cost controlling mechanisms within the organization. Taking responsibility for the monitoring and bringing costs under control as well as establishing effective cost controlling procedures to meet company budget targets.

WHAT YOU DO

• Review expense business case submitted by OEs (for expenses above regional approval matrix threshold) and provide recommendations to AZAP management
• Drive the Annual Budgeting process for costs related to the AZAP regional office
• Annual budget exercise which includes preparing the budget for 4 financial years (forecast for current year and plan for the next three)
• To support respective teams in the regional office on budgeting requirements and needs
• Review business cases on benefits derived from functional team which costs are recharged to the OEs in the region (i.e. business building costs)
• Drive Business Building cost allocation to OEs
• Calculate planned cost allocations based on drivers and activities of respective functions
• Ensure allocation practices are in line with transfer pricing requirements
• Arrange for Service level agreements to be issued and signed by all relevant stakeholders to ensure compliance to transfer pricing needs
• Prepare and improve cost and management reports
• To prepare monthly management reports on costs developments to provide insight to members of EXCO in the regional office
• To drive automation or visualisation initiatives to improve the quality of reports
• Cash flow management for AZAP regional office
• Work closely with group head office on financing/ funding requirements to ensure sufficient cash flow to fund operations
• Managing month/quarter/ year end expense closing process
• Guide offshore accounting team on closing process
• Review and ensure GL postings are correct
• Finalise accrual listings for year end closing
• Manage final expense true up/down process for year end closing
• Managing Accounts Receivable
• Guide offshore accounting team on processing of invoices debit notes
• External reporting responsibilities
• Tax reporting, namely on Withholding and GST tax returns
• Key contact person for annual external audit