Head Of Finance & Accounting (Indonesia)

Sunday is a fully-integrated sales and services Insurtech that is located in Indonesia and Thailand that uses artificial intelligence and digital platforms to offer personalized insurance products and services that suit all types of individual and business risks. Here to reinvent the entire insurance value chain, the company offers its end-to-end solutions via its partners and proprietary distribution channels.

Why take a chance with us? We are a team player of results-driven professionals who know how to have fun too!

Join us to work with a global team as we embark on a mission to reinvent the insurance technology space and start seeing your work transform markets across Asia and the world.

Head of Finance & Accounting, Indonesia

As a Head of Finance & Accounting each day, you will...

• Comply with statutory provisions, articles of association, and other internal regulations from Insurance Brokerage Company in carrying out its duties.
• Work closely with regional and country management to undertake the function of a key finance & accounting leader of Company, in the interest of the Company and in accordance with the Company’ purpose and objectives and in good faith.
• Perform such duties as the shareholders may specify and assign or direct in accordance with the applicable laws and regulations.
• Be a trusted finance & accounting business partner and advisor to the business operation to achieve our strategic priorities.
• Work closely with peers in other departments including Business Development, Operations, and also General Insurance partners to develop and implement processes and procedures that allow for sustainable growth and regulatory compliance.
• Ensure the effectiveness, and appropriate and fast execution and can act independently; not have interests that can interfere with one’s ability to carry out tasks in a manner independent, and critical to the business.

General Ledger & Reporting

• Oversee daily, monthly, quarterly, and annual financial reporting and closing activities.
• Ensure and monitor the accuracy and timeliness of OJK submission, GST filing, Tax returns & etc.
• Formulate and improve reporting process & procedures of monthly accounts.
• Coordinate/liaise with external parties such as External Auditors, Tax Agents on their request.
• Closely monitor and ensure the accuracy and timeliness of the management reporting.

Payments

• Formulate and enhance payment policy and procedures.
• Review and approve payments for expenses and ensure accurate GL posting.
• Review and propose revisions to authority limits as necessary.

Cash Flow Management & Banking

• Maintenance and continual improvements for existing processes, leveraging on technology and competitive practices for all banking matters, including banking facilities and new merchants.
• Monitor Company cash flow and ensure the timely and accurate preparation of the daily cash flow report to ensure adequate funding for daily operations, projects and activities as well as operational needs of Parent Company and other group entities.
• Ensure banking arrangements are properly authorized and backed by agreements/contracts.
• Attend to requirements of all banking facilities and ensure prompt renewal for smooth operations.

Forecast & Budget

• Drive the annual (with potential periodic updates) planning process with the Group CFO including annual budgeting and forecasting processes with the business teams.
• To prepare tax estimations and make revisions when necessary.
• Coordinate and consolidate GWP and management expenses for budget purposes.

Accounting

• Manage monthly management and reconciliation reports.
• Monitor daily cash flow and prepare cash flow forecasts.
• Liaise with auditors, bankers, tax agents and relevant government and professional bodies on financial, accounting, and tax related matters.

Credit Control

• Liaise with customers, as well as internal personnel including the sales team.
• Ensure credit and collection policies and procedures are followed within the team.
• Reconcile complex accounts that have been escalated from AR.
• Create procedures and policies that ensure timely payments while maintaining a high level of customer retention.
• Monitor debtor balances to ensure a reduction in debtors DSO.

Projects, Ad-hoc Assignments and Others

• Attend ad-hoc assignments that may be required from time-to-time.
• Be a custodian of the company's effective internal controls, which are in line with the standards established by auditors, financial services legislation, and the requirements of commercial businesses.
• Recommend areas for improvement to enhance efficiency and effectiveness - workflow / cost saving/automation.
• Lead, mentor, advise, and support the finance & accounting team with regard to the work deliverables and personal development goals.
• Support the department on performance tracking.
• Liaise with external parties on finance & accounting related issues.
• Manage, plan and resolve any matters in relation to finance & accounting.

What we would like you to have...

• Familiar with local laws and regulations; experience working with OJK.
• Bachelor or Master level degrees in Finance or Accounting Degree (professional certifications like the ACCA, CFA, CPA, or CA are useful).
• Exceptional interpersonal skills, including teamwork, facilitation and negotiation.
• Honest and professional work ethic.
• Min. 10 year experience with proven work experience with at least 3 years as manager.
• Ability to manage multiple tasks and adapt to a changing, fast-paced environment.
• A proactive team player who adopts a pragmatic approach to work with cross functional teams to collaborate and support business growth.
• Strong leadership and people management skills; experience in managing and building teams will be an advantage.
• Fluency in English, both written and spoken.
• Ability to influence key stakeholders and senior management with solid business knowledge and financial insights.
• Have a strong business operation skill.
• Industry background in Insurance Broker/Insurance company/Insurtech startup (preferably from a fast-paced environment).
• In-depth knowledge in accounting, local GAAP and IFRS.

What's the catch, then?

• Free Snack & Lunch
• Private Insurance (Inpatient, Outpatient, Dental, Glasses) - cover employees and families
• Hybrid work system
• Friendly, dynamic and fast pace work environment
• Competitive Salary (nett)
• Laptop devices
• Festive Allowance
• Fully covered for BPJS Employment & BPJS Health
• Opportunity to take part in growing Insurtech company
• Unlimited Annual Leave
• Strategic office location, accessible by MRT/KRL (SCBD)
• Professional environment where your career path really matters and is supported in our global organization