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Management Advice and Reporting Head (Banking)

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Job Description and Qualification:

Reporting and forecasting

· Ensures quality and timeliness of the Dynamic Planning, management report and progress on actions to be taken.    

· Initiates and coordinates the Dynamic Planning (DP) process and forecast of the business line, the creation of content and consolidation of budgets and forecasts.   

· Prepares forecasts and discrepancy analyses with budget and actual and reporting and discussing on these with business unit.  Responsible for highlighting opportunities and suggests improvements for the business line.

· Design and create the management reports necessary to assess and monitor the Customer Lifetime Value and Product Profitability.

· Prepares cost management reports (e.g. permitted costs and budget/actual reports) per business unit and relays these to the parties concerned.  


Business partner

· Uses expertise of business units and the market to advise the responsible management on:

o the set-up and management of the MTP process and procedures;

o performance (using indicators such as cost and pricing rates, return calculation margins and financial result);

o the chosen or proposed strategy and derived targets. Explains background and considerations;

o business economic aspects and derived policy (rate policy, funding and interest risks, scenario analysis);

o developments and trends in actuals and relevant markets;

o nature and set-up of methods, business economic models, techniques and resources.

· Prepares information to advice on financial and management information; analyses deviations and identifies correlation between financial and non-financial data.

· Develops MA tools, models (incl allocation models), methods and techniques for measuring results and the business economic management of business units.

Planning and control

· Identifies the information requirements of management. Develops management reports.

· Establishes and manages the reporting process, including the set-up, execution and maintenance procedures or measures.  Automation of the reporting process is a priority.

· Ensures that all Head Office (MASS) reports are completed and submitted in accordance with the ING minimum standards for financial and  regulatory reporting.

Business Cases

· Draw up detailed project proposals and business plans, and assists management with the review and validation of (financial) assumptions.

· Provides the financial framework in support of the business case and verifies that the model has been applied correctly.


· Define finance requirements related to new/changes to products and ensure that requirements across finance are consolidated and communicated to the business.  The associated risks should be identified and due diligence checklist is completed, go-live checklist are properly tracked and executed based on agreed timeline.

· Prepares UAT test plans and support business during UAT testing.

· Active participation and contribution to the requirements of Finance Global Transformation Office.


· Provide support to the Finance Change, Accounting and Control by:

o Assists in month-end closing by preparing month-end accruals and posting adjusting journal entries as required.

o Perform analysis and test to ensure the financial data is properly booked (e.g. department, GL account)

o Performs daily reconciliation of finance systems and ensuring that discrepancies are identified and resolved in a timely manner.

· Supports audit requests by providing account analysis, schedules and supporting documents.

· Responsible for the implementation of suggestions for improvements for internal business processes.  

· Performs other duties and responsibilities that may be required by the Country Management


· Minimum of 5 years’ experience in financial planning in banking, experience with retail products is preferred

· High level knowledge of financial accounting (IFRS) and local regulatory requirements (BSP, PDIC, SEC & BIR)

· Experience in leading teams using people management skills

· Strong communicator in English, both verbal and written

· Strong risk and control awareness and knowledge of financial control procedures

· Ability to work collaboratively across functions and geographies

· Ability to anticipate and lead change, has initiative /with a proactive mindset.  Open to AGILE way of working

· Problem analysis and judgement / Strong analytical skills

· Professional expertise/market focus


PHP 2 M – 2.9M