Head of Business Finance – GOT Head of Business Finance – GOT …

Hong Leong Bank Berhad
in Kuala Lumpur, Kuala Lumpur, Malaysia
Permanent, Full time
Be the first to apply
Competitive
Hong Leong Bank Berhad
in Kuala Lumpur, Kuala Lumpur, Malaysia
Permanent, Full time
Be the first to apply
Competitive
Head of Business Finance – GOT
*For internal staff please apply internal transfer via HRMS (https://myhrms.hlbank.my) with the information below:
JR Number: Refer to the above Job Number next to position title
Location Code: MYHOF10000
Department Code: MY10002040

Designation Code: HBFGSS

Accounting Procedures & Financial Control

  • Development of accounting procedures and implementation thereof in consultation with the CFO, GM Performance Management and Head of Group Operation & Technology.
  • Ensure compliance to accounting standards and practice sound financial control and discipline.
  • Work with auditors during their half yearly/ annual review.
  • Ensure the accuracy and integrity of the General Ledger Accounts under GOT's cost centres.

Budgeting & Forecast

  • Review and compile Bankwide IT & Operations Budgets (Opex and Capex), including HLISB and overseas operations.
  • Review & tracking of all IT & Operations Opex to ensure all expenditures are spent within budget.
  • Assist with projections of quarterly forecast and full year budget on GOT Division's Capex and Opex & QSBM reporting.


Capex, Expenses Management & Cost Allocation

  • Actively participate and contribute ideas and comments on the financial matters to all IT & SOP (Cost Savings) projects.
  • Responsible to validate the IT vendors' financial before presenting to the Tender Review Committee and management team.
  • Review & tracking of all IT & Operations Capex investment including providing quantifiable financial benefit, ROI and Payback/Cost Benefit Analysis for all major IT & Operations Project Capex.
  • Review with business head on key drivers of GOT Division including cost management matters and post CER review on major IT & Operations projects.
  • Prepare, review and monitor actual results against budget and highlight any significant variance including material MoM movement in expenses to CFO, GM Performance Management and Head of Group Operation & Technology.
  • Assist the business with the identification of cost saving opportunities including coming up with SOP2 cost savings initiatives for Bankwide IT & Operations expenditures.
  • Responsible to track and to ensure accurate accrual is maintained in the GL at all time.
  • Assist in formulating the proper cost allocation methodology among SBUs and cost recharge basis for other related companies within the Group to ensure equitable apportionment of costs to Bank markets.


Reporting & Analytics

  • Responsible for accuracy and timely reporting of all financials for GOT Division on monthly basis and to p rovide any other timely information to management.
  • Perform competitive analysis on KPIs and benchmarks on IT & Operations Expenditures (Capex and Opex) based on available industry / market data.
  • Problem solving for Finance Related Issues and Ad Hoc requests coming from GOT Division.
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