Director - Finance & Control

Hong Kong

Our organization

Ageas is a listed international insurance Group with a heritage spanning almost 200 years.

It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.

As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 45,000 people and reported annual inflows of over EUR 36 billion in 2019 (all figures at 100%).

Your function

This role reports hierarchically and functionally to the Regional Director, Finance & Control, Asia and functions as his Deputy for his Business Performance & Control role.

This role is co-responsible for establishing and maintaining an adequate financial management and business performance fram rations in Asia, which is compliant with Ageas’ group requirements.

This includes the responsibility for:

  • Implementing processes, systems, control mechanisms and other procedures to ensure a correct, complete and timely inclusion of the allocated Asia activities into the financial statements of Ageas

  • Pro-actively supporting and challenging of the allocated Asia operating companies (opcos) in order to provide comprehensive insights on the results of the operating companies and as such enhance the decision-making process and contribute to the realization of the targets of Ageas Asia

  • Integrating newly acquired operating companies or greenfield operations regarding financial reporting, including the implementation of processes, systems and policies, in order to be able to realise consistent accounting and reporting

  • Providing high-quality reports to Ageas’ senior management supporting the decision making and providing input to Investor Relations/Communications for external publications such as the quarterly press release and business reviews

As such this role is in fact co-driving the development in the following domains:

  • Financial controlling and reporting processes and related control framework

  • Financial planning and analysis or business controlling processes (budget, planning, outlook, forecast and reviews)

  • Financial reporting policies and related internal control framework

  • Support corporate centre on Investor Relations matters

  • M&A support for Asia region (occasionally)

Your key deliverables:


  • Act as SPOC for all financial data/information and analysis regarding your dedicated Asia Opcos, specifically towards Regional Office (RO) and Head Office (HO).

  • Manage and strengthen the relationships with your dedicated Asia Opcos and Ageas assignees

  • Develop, maintain and manage the internal control frameworks for financial and business controlling and reporting.

  • Interact with Head Office and in order to contribute to and to support of the knowledge sharing of the Ageas methodologies into the Asian opcos. Ensure that current practices and policies in the Asian opcos are compliant with Ageas’ principles, taking into account the different market circumstances.

  • Provide support where required and requested.

  • In absence of the Regional Director, manage the Finance & Control team at the Regional Office.

The deliverables for financial controlling are:

  • Organize the financial reporting cycle for your dedicated countries.

  • Deliver the required monthly, quarterly and annual financial reports, in line with Ageas’ financial policies, guidelines and procedures, in order to realise correct, complete and timely financial reporting.

  • Solve all accounting issues as identified and reported in the closing process in due course.

The main deliverables for business controlling or business performance are:

  • Organize the financial planning and analysis cycle for your dedicated countries.

  • Co-operate the forecast, outlook and budget cycles for regional and group deliveries.

  • Analyse JV performance and initiate dialogues on:

    • Market developments and relative performance of business against market (peers’ analysis)

    • Commercial and financial performance of business

    • Product / distribution channel performance

    • Operational performance

    • Costs

    • Focus/Action areas going forward

  • Manage the annual target setting and quarterly evaluation for your dedicated countries, in order to contribute to the alignment of targets and budgets with Ageas strategic objectives.

  • Translate strategy to value drivers and KPI matrix.

  • Co-develop state of the art PM processes and strategy.

  • Facilitating exchange of best practices cross border throughout the region.

  • Deliver support to projects where sharing of knowledge, experiences, products, software from Ageas is required.

  • Deliver occasional support to M&A activities.

The deliverables for reporting are:

  • Prepare quarterly external publications (press release, company presentation, Annual Financial Statements) on segment Asia.

  • Prepare documents on segment Asia to support discussions at the Ageas Management Committee and other Ageas Corporate Bodies.

  • Prepare supporting documents for discussions with analysts, rating agencies and investors.


Your profile

  • A Qualified Accountant/Actuary with a minimum of 15 years relevant work experience in an international and complex organization in Insurance business. Regional office experience is preferred

  • Seasoned professional in the areas of insurance business performance, IFRS accounting, finance, and preferably with working knowledge of both Life and General insurance

  • Expert knowledge of local GAAPs and relevant finance legislations of other Asian countries is an asset

  • Strong and convincing communicator. Ability to communicate and collaborate strategically in an articulated and structured manner. Possess the skill to communicate to stakeholders at all levels (including C-suite)

  • Fluent or native in Mandarin even as has excellent command of English, both in spoken and writing skills

  • Proven technical skills of common MS-Office applications is required and conversant with Oracle / Hyperion / HFM and BI tools are an asset

  • A team-player who is independent, organized, transformative and flexible with a strong sense of integrity and corporate governance

  • Take ownership, go extra miles and driven to deliver quality

  • Willingness to travel when required (limited to 15%)


We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous opportunities for personal development. You will work independently within a global dynamic team in agile ways (start-up spirit).


Please send your resume to HR Recruit (Asia) by email to [email protected]


If you would like to refer any qualified individuals who are interested in this position, please advise them to send their resumes to HR Recruit (Asia) by email to [email protected] . Referees should indicate the name and department of the referrer on their resumes. Shortlisted candidates would be notified for an interview.

For further information, please contact HR Recruit (Asia) by email to [email protected].