Chief Financial Officer Insurance & Superannuation

Transcription

1 Chief Financial Officer Insurance & Superannuation Leadership level Leading Leaders Job level Executive (12) Division / department Reports to manager job title Finance Group Chief Financial Officer Key relationships Finance leadership team, in particular Group Actuary & Appointed Actuary Insurance and Superannuation leadership team AMP Life & NMLA Boards Auditors, Regulators Location of role Sydney The AMP Promise & Our Strategy to Help AMP s vision is to be Australia s and New Zealand s favourite financial services company by Our company was founded in 1849 on a simple promise - to provide financial security so people could live with dignity. Our promise is to help people own tomorrow. Helping people: it s why we began more than 160 years ago, and why we continue. Helping people own tomorrow is a powerful purpose. It has the capacity to make us the company that so many people trust and recommend that we become Australia s and New Zealand s favourite financial services company. That s what we are aiming for by AMP s Culture Bringing our Promise to life Our Promise is help people own tomorrow, and our Practices bring our Promise and customer experience to life. AMP s six simple practices were formed from really listening to our customers, and they define the way we work together to help our customers. They inform our thinking, actions and decisions; the design of every offer, process and system; and every customer experience.

2 Together, the six AMP practices describe how we work at AMP to deliver the experience our customers want: Our customers are at the core of AMP s culture. We believe that what s best for our customer is what is best for our business. We have profound empathy for our customers. We deeply understand their needs, goals, challenges and hopes. We re obsessed with helping our customers live their best life, because that s how we define our own success. AMP employees understand how their work contributes to the strategy and creates customer value. Professionalism and integrity are core to the way we work; we collaborate across the business in service of our customer. We eliminate non-value work that doesn t align and quickly learn and adapt to achieve better outcomes. Description of Finance division In Finance, our vision is to become influential finance business partners. We aim to partner with the business to drive continued improvements in business performance for AMP, whilst also focusing on our customer centric strategy. The Finance function aligns with the overall AMP structure and is organised as follows: Business Facing CFOs - Responsible for providing highly commercial advice, identifying trends and levers for performance enhancements and developing responses and solutions to a range of commercial issues. The business facing CFOs sit on the Leadership Team of their partner business division as well as on the Finance Leadership Team. Group Functions - Responsible for taking an enterprise view on a range of finance and finance-related matters, including group performance, capital and funding, reporting and decision support, tax and finance shared services. Centres of Excellence - Areas of expertise covering actuarial, treasury and internal audit. The Finance structure has been developed to help make AMP a great place to work, one where we are all highly engaged in achieving the successful transformation of Finance and AMP. 2

3 Purpose of the role Full responsibility for the financial management and control of the Insurance and Superannuation business unit and AMP life companies in order to achieve target business performance outcomes. Embed finance as an influencial business partner to the Insurance & Superannuation leadership team. Main focus areas Key adviser to the Group Executive, Insurance and Superannuation on all strategic, financial and commercial decisions, working as part of the Leadership teams of these businesses. Oversee all aspects of the financial reporting and planning for the Insurance and Superannuation business unit as well as AMP life companies (AMP Life and NMLA). Ensure that Appointed Actuary responsibilities are met for AMP Life and NMLA. Accountable for financial statutory reporting to the AMP Life and NMLA Boards. Drive business performance through demonstrating a deep understanding of key drivers of revenue, profit and capital and providing insight and recommendations to drive performance through key levers Manage all Insurance and Superannuation specific information required for Group internal and external reporting. Drive a best practice approach to financial management across Insurance and Superannuation, integrating all sources of information to enable business insights and actions to be developed efficiently and effectively. Direct financial management techniques in Insurance and Superannuation to support optimal capital utilisation and business outcomes within a responsible risk/reward framework. Provide continual oversight of financial plans, forecasts and budgets and lead strategic change management as it relates to finance systems. Responsibility for Financial Condition Reports, all standard reporting to APRA, bonus and crediting rate recommendations, tactical and day to day management of critical ALM risks (policyholder and shareholder), including the appropriate use of tactical derivatives. Direct strategies to generate return on equity for Insurance and Superannuation, and develop a culture of continuous improvement and strong expense discipline to optimise the use of financial resources. Lead and support the Insurance and Superannuation finance team to provide professional business support to Insurance and Superannuation, through delivery of quality, budgets, forecasts, business intelligence analysis, financial advice and reporting, and risk management advice. Develop capability across the team to achieve mastery of influencial business partnering skills. Lead the team with a focus on talent management and development, striving for best practice and creating an environment where people achieve, grow and enjoy. Business Partner link with Group and Specialist Finance teams. 3

4 As a member of the Finance Leadership Team, contribute to the overall strategic finance leadership of AMP. Support AMP Transformation initiatives through Finance Transformation. Liaise with auditors and regulators. Experience required Experience in senior finance leadership positions. Ideally have life and/or wealth management experience. Experience working with an actuarial function and/or actuarial pricing. Experience in driving change and transformation, with a clear execution focus. Strong track record of adding commercial value. Demonstrated understanding and knowledge of how best practice financial and investment control environments are designed and can be tested to ensure they are operating effectively. Proven experience in presenting to and influencing senior leaders, including Boards of Directors. Qualification/s required Relevant tertiary qualifications. CA / CPA qualification. Leadership Capabilities Thinks & acts strategically Builds strategic networks Values & includes others Fosters innovation Leads change Influences Business acumen Shapes performance Develops self and others Role Specific Capabilities Considerate of internal and external influences, operating model, strategy and desired cultural change, a set of competencies were identified, prioritised and proficiency benchmarked to distill a robust competency framework for finance roles. The competencies fall into three key areas: Technical Cognitive & Behavioural Leadership. The diagram on the following page outlines the specific competencies or capabilities required for a business unit CFO role at AMP. 4

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