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Assistant General Manager – Finance

InTalent Asia
Colombo, Sri Lanka
On-site

About this role

WE ARE HIRING: Assistant General Manager – Finance

Location: Colombo, Sri Lanka Employment Type: Full Time Industry: Insurance / Financial Services

Role Overview

We are seeking a highly experienced and commercially astute Assistant General Manager – Finance to play a strategic leadership role within the Finance function of a leading insurance and financial services organization. Reporting directly to the CFO, the successful candidate will act as a key business partner in driving financial strategy, governance, capital management, regulatory compliance, performance management, and finance transformation initiatives. This role requires a senior finance leader with strong exposure to financial reporting, business planning, actuarial-finance integration, capital optimization, treasury management, and stakeholder engagement. The ideal candidate will possess the expertise and leadership capability to act as a credible deputy to the CFO while supporting long-term organizational growth and financial sustainability.

Key Responsibilities

  • Financial Strategy & Business Partnering

  • Partner with the CFO in formulating and executing the organization's financial strategy.

  • Translate corporate and business objectives into financial plans, targets, and measurable outcomes.

  • Provide senior management with strategic financial and commercial insights to support key business decisions.

  • Evaluate profitability across products, customer segments, distribution channels, and strategic initiatives.

  • Support mergers, acquisitions, partnerships, joint ventures, and new business opportunities from a financial perspective.

  • Provide constructive challenge and financial guidance to business leaders on major investment and growth decisions.

  • Support corporate strategy execution through effective financial planning and resource allocation.

  • Financial Reporting & Regulatory Compliance

  • Provide leadership and oversight for monthly, quarterly, and annual financial reporting.

  • Ensure compliance with IFRS 17, IFRS 9, and all applicable regulatory and statutory requirements.

  • Manage the preparation and submission of management reports, Board reports, and regulatory reporting requirements.

  • Lead interactions with external auditors, regulatory authorities, and other key stakeholders.

  • Ensure timely completion of audits and effective closure of audit recommendations.

  • Maintain strong accounting policies, reporting frameworks, governance standards, and internal controls.

  • Ensure financial reporting accuracy, transparency, and integrity across the organization.

  • Capital Management, Solvency & Reinsurance

  • Oversee capital adequacy monitoring and compliance with regulatory solvency requirements.

  • Support the CFO in developing capital optimization and capital allocation strategies.

  • Lead financial analysis related to dividend capacity and capital deployment decisions.

  • Evaluate the financial, profitability, and capital implications of reinsurance arrangements.

  • Lead and support enterprise stress testing, sensitivity analysis, and financial scenario modelling activities.

  • Provide recommendations to strengthen financial resilience and capital efficiency.

  • Actuarial & Finance Integration

  • Work closely with Actuarial teams to support IFRS 17 measurement, reporting, and implementation activities.

  • Support product profitability reviews, pricing evaluations, assumption reviews, and experience investigations.

  • Provide leadership in embedded value analysis and other actuarial-finance integration initiatives.

  • Ensure consistency and reconciliation between actuarial outputs and financial reporting.

  • Assess financial implications of actuarial assumptions and management actions.

  • Strengthen collaboration between Finance, Actuarial, Risk, and Business functions.

  • Planning, Budgeting & Performance Management

  • Lead annual budgeting, forecasting, and long-range financial planning processes.

  • Drive enterprise-wide performance management initiatives.

  • Establish, monitor, and evaluate financial and operational KPIs.

  • Provide forward-looking insights, performance analysis, and recommendations to management.

  • Identify emerging performance issues and implement corrective action plans.

  • Drive productivity improvement, cost optimization, and profitability enhancement initiatives.

  • Support sustainable business growth through disciplined financial planning and analysis.

  • Investment, Treasury & Asset-Liability Management

  • Partner with Investment and Actuarial teams on asset-liability management strategies.

  • Provide financial oversight of investment performance and investment accounting activities.

  • Oversee treasury operations, liquidity management, and cash flow forecasting.

  • Evaluate the profitability, financial, and capital implications of investment strategies.

  • Support portfolio optimization and investment decision-making processes.

  • Ensure appropriate financial controls are maintained across treasury and investment functions.

  • Governance, Board & Executive Support

  • Support the CFO in presenting financial matters to the Board and Executive Management.

  • Prepare and review Board papers, committee papers, and strategic financial presentations.

  • Support Audit, Risk, Investment, and other Board and management committees.

  • Provide independent financial insights and strategic recommendations to senior stakeholders.

  • Strengthen governance frameworks, risk management processes, and internal controls.

  • Act as a trusted advisor on financial matters to leadership teams across the business.

  • Finance Transformation & Digitalisation

  • Lead finance transformation initiatives aimed at improving operational efficiency and effectiveness.

  • Drive automation, analytics, reporting enhancements, and digitalization projects across the Finance function.

  • Improve Finance operating models and organizational capability.

  • Strengthen finance data governance, management information systems, and reporting capabilities.

  • Champion continuous improvement programs and innovation across finance operations.

  • Promote the adoption of advanced analytics and technology-enabled decision-making.

  • Leadership & Talent Development

  • Provide leadership across assigned Finance functions and teams.

  • Build a strong succession pipeline and strengthen organizational capability within Finance.

  • Coach, mentor, and develop Finance Managers and finance professionals.

  • Strengthen technical accounting, commercial, analytical, and business partnering capabilities.

  • Drive a culture of accountability, collaboration, innovation, and performance excellence.

  • Represent the Finance function in executive forums and cross-functional initiatives when required.

  • Candidate Profile

  • Professional qualification in CA, ACCA, CIMA, or an equivalent qualification is mandatory.

  • A Degree and/or Postgraduate qualification in Finance, Accounting, Business Administration, or a related discipline will be advantageous.

  • Minimum 14 years of relevant Finance experience.

  • Minimum 3 years at Senior Manager level or equivalent.

  • Strong experience across Financial Reporting, FP&A, Budgeting, Treasury, Financial Controls, and Business Partnering.

  • Demonstrated experience providing financial leadership and input into strategic business decisions.

  • Experience within a regulated financial services environment is strongly preferred.

  • Experience within the insurance sector, particularly Life Insurance, will be highly advantageous.

  • Strong exposure to IFRS 17, IFRS 9, capital management, solvency monitoring, and insurance financial reporting.

  • Previous Board or Committee reporting exposure will be an added advantage.

  • Strong financial, technical, and commercial acumen.

  • Ability to operate as a credible deputy to the CFO and lead complex financial initiatives independently.

  • Excellent executive-level communication, negotiation, and stakeholder management capabilities.

  • Strong analytical, problem-solving, and decision-making skills.

  • Ability to influence senior stakeholders and constructively challenge business decisions.

  • Proven leadership capability with experience managing and developing high-performing teams.

  • Experience leading transformation, automation, and organizational change initiatives.

  • Strong commitment to governance, integrity, professionalism, and accountability.

  • Preferred age: 40 years and above.

  • Ready to take your career to new heights?

  • We're InTalent Asia, your go-to recruitment partner in Sri Lanka, and we've got an exciting opportunity for you!

  • Our client is looking for a highly accomplished professional to fill the role of Assistant General Manager – Finance.

  • Apply now and see how you can be the perfect fit for this exclusive position!

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