Assistant Vice President, Group Distribution Strategy & Governance
Full-time
Junior Executive
2 weeks ago
CONTEXT
Manage all governance-related requirements under GCDPO
Evaluate the effectiveness of distribution financial (of the acquired channel/ por..
CONTEXT
- Manage all governance-related requirements under GCDPO
- Evaluate the effectiveness of distribution financial (of the acquired channel/ portfolio and deep dive analysis to provide insights on channel / proposition performance and emerging risks etc. for timely intervention for improvement
- Provide support across the Group to grow profitably whilst optimising value, activation and productivity.
PURPOSE
- Be an effective support to the entire Group and contributor to the strategy and review of new business development metrics and manage co-ordination with internal and external stakeholders to achieve company’s financial goals.
- Support GCDSGO in ensuring appropriate distribution governance is in place.
- Provide leadership, guidance and coaching to BUs and Group teams and improve sales quality and effectiveness.
KEY ACCOUNTABILITIES
Performance management support to GCDPO
- Be the main contact point for various GO functions including Product, Finance and Actuarial for all governance related matters.
- Oversee the financial management functions, regular deep dive insights to GEC/GCDPO on areas for improvement related to Persistency, Expenses and Claims, as well as sales effectiveness and quality management.
- Leading performance benchmark improvement covering financials metrics and resolving challenges through multi-functional co-ordination.
- Undertaking any other relevant analysis, as requested/required to support/drive senior management decision making.
- Engage and provide guidance to BUs to enhance appropriate financial controls are in place including strong focus expansion investment optimization (effectiveness of inorganic programs, driving organic growth etc).
- Lead the discussions around financial matters to unravel additional insights to gain deeper understanding of our business and remedial actions to address pain points.
- Provide periodic executive management and board updates, analyses, and/or data visualisation that answer the problem within designated markets.
- Stay abreast of relevant financial and corporate governance developments including areas effectiveness of compensation structure in driving desired proposition mix; and update GCDPO for timely intervention.
Governance
- Manage and facilitate all governance related approvals across the Group
- Provide direction and guidance to business units in collaboration with channel chiefs to improve overall channel design and risk score performance.
QUALIFICATIONS / EXPERIENCE
- Professional qualification in Actuarial Science or related discipline
- Considerable experience (15 years) working in and/or for a listed company (preferably in Hong Kong or Singapore) – knowledgeable in driving financial calendar communication needs
- Demonstrable evidence of developing and delivering plans, both internal and external, which build profile and influence
- Significant experience of leading BU distribution teams, channel management of business functions of similar size and complexity, preferably in multiple Asian countries in a fast-moving environment, with constructive working relationships relevant stakeholders.
KNOWLEDGE & TECHNICAL SKILLS
- Strong relationship management skills including working well with peers, juniors, customers and senior management
- Strategic orientation with keen customer focus
- Excellent quantitative skills and familiarity with insurance digitisation products and processes
- Demonstrated capabilities in dealing with different people from different cultures
- Good knowledge of Insurance business and insurance market in Asia
- Knowledge of business plans and operating models. Strong financial services market knowledge, with particular emphasis on financial management, sales, distribution management and proposition design.
- Wide knowledge of industry issues including economic and regulatory influences.
- Strong analytical capabilities and aptitude to distil and interpret key facts and actions required
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