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Head of Financial Branch & Subsidiary Management (m/f/d)

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Allianz

13d ago

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance

AI generated summary

  • You should have 15-20 years in financial management, CPA/CMA/ACCA certifications, strong IFRS/GAAP knowledge, budgeting skills, and proficiency in financial software. A bachelor's degree is essential.
  • You will prepare consolidated financial reports, lead budgeting processes, ensure compliance, track KPIs, manage cash flow, support acquisitions, and enhance financial processes.

Requirements

  • Professional certifications (CPA, CMA, ACCA) are advantageous.
  • 15-20 years of experience in financial management, particularly at subsidiary or group level.
  • Strong knowledge of international accounting standards (IFRS, GAAP) and financial reporting.
  • Expertise in budgeting, forecasting, and performance analysis.
  • Familiarity with tax regulations and compliance across multiple jurisdictions.
  • Proficiency in financial software and Excel; ERP systems experience preferred.
  • Excellent communication, presentation, and interpersonal skills, with strong analytical abilities.
  • Bachelor's degree in Finance, Accounting, Economics, or related field; Master's preferred.

Responsibilities

  • Prepare and review consolidated financial statements and reports from subsidiaries, conducting performance analysis to provide actionable insights for improvement.
  • Lead subsidiary budgeting and forecasting processes, ensuring alignment of financial plans with group targets and strategic goals.
  • Ensure adherence to accounting standards and tax compliance while maintaining alignment with corporate governance policies.
  • Track financial KPIs to identify improvement opportunities and implement corrective measures for underperforming units.
  • Facilitate financial due diligence and integration of acquisitions, while monitoring post-acquisition performance to ensure targets are met.
  • Manage cash flow and working capital levels, planning intercompany financing and capital allocation effectively.
  • Serve as a liaison between subsidiaries and group leadership, coordinating with legal, tax, and treasury teams on strategic initiatives.
  • Identify and implement improvements in financial processes, standardizing reporting for enhanced efficiency and transparency.

FAQs

What is the primary responsibility of the Head of Financial Branch & Subsidiary Management?

The primary responsibility is to oversee the financial health, performance, and reporting of the company's branches and subsidiaries, ensuring alignment with group financial goals and compliance with corporate governance standards.

How many years of experience are required for this role?

The role requires 15-20 years of experience in financial management, particularly at the subsidiary or group level.

Are professional certifications necessary for this position?

While not strictly necessary, professional certifications such as CPA, CMA, or ACCA are considered advantageous.

What financial knowledge is essential for this job?

Strong knowledge of international accounting standards (IFRS, GAAP) and expertise in budgeting, forecasting, and performance analysis is essential.

Is experience with financial software important for this role?

Yes, proficiency in financial software and Excel is important, and experience with ERP systems is preferred.

What level of education is preferred for candidates applying to this position?

A Bachelor's degree in Finance, Accounting, Economics, or a related field is required, while a Master’s degree is preferred.

What type of work model does the company offer?

The company offers a hybrid work model, allowing for both in-person collaboration and remote work, including up to 25 days per year working from abroad.

Is there a bonus structure associated with this position?

Yes, the compensation and benefits package includes a company bonus scheme.

What additional benefits does the company provide for employees?

Additional benefits include a pension plan, employee shares program, health and wellbeing offers, and support for balancing family and career.

How does Allianz Technology approach diversity and inclusion in hiring?

Allianz Technology is an equal opportunity employer and encourages diversity in the working environment, welcoming applications from all individuals regardless of various identities and backgrounds.

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Allianz

Our purpose: We secure your future. Our promise is to give confidence in tomorrow.

Finance
Industry
10,001+
Employees
1890
Founded Year

Mission & Purpose

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. We are proud to be the Worldwide Insurance Partner of the Olympic & Paralympic Movements from 2021 until 2028 and to be recognized as one of the industry leaders in the Dow Jones Sustainability Index. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us and together, let’s care for tomorrow.