Director - Legal Entity Control - BFS

Legal Entity Control Service Line works with the Legal Entity Control team in the various Corporate Centre hubs . The team has end-to-end responsibility for the financial affairs of the various Legal Entities, including monthly reviews and commentary, statutory reporting, capital requirements, and dividend calculations. The LEC team also is responsible for preparing the Financial Statements for their cluster of legal entities and ensuring high standard and correct disclosure and co-ordinating the external audit of the subsidiary accounts.

Key responsibilities will include - 

- Managing financial reporting for the subsidiaries across Asia region which includes complete ownership of statutory/financial reporting- finalization of accounts, managing audit process & ensuring clearance of accounts, resolving technical accounting matters (with BU support, where required) and board reporting.

- Effective risk management of legal entities assigned to the LEC service line for d Asia region

- Act as Legal Entity Controller for certain super high risk and high risk entities.

- Represent Finance in critical Board Meetings

- Impact analysis of New accounting standards, restructures and internal projects on Legal entities

- Compliance and decision making for financial conditions of AFSL entities

- Decision making for key responsibilities in the service line which include dividend assessments, impairment considerations, licensing requirements, impact assessment of new product approvals.

- Representing the shared service centre in various global forums within the company

- Planning, training of staff and day-to-day management/oversight of the LEC team including review, quality of service and optimal resource utilisation.

- Liaising with global teams of external auditors to ensure successful and seamless completion of audits

- Proactively working with the global team leads to ensure that tasks are well documented, standardised and improved continuously

- Managing and influencing stakeholders across Finance (Corp reporting, FC teams), Treasury, Tax, RMG (PCM, Central Compliance, BU compliance) and Legal & Governance teams (GEM, legal). In addition, managing expectations of Business directors is a key focus area.

- Spearheading change management for the function through automation and efficiency initiatives and embracing new tools available.