Navamalar Sivapregasam
Finance Manager
kajang
Summary
Accomplished Finance and Credit Control professional with over 20 years in reinsurance and financial management across Asia. Led financial operations, credit monitoring, reconciliation, and regulatory reporting in highly regulated environments. Expertise in SAP systems, IFRS reporting, audit compliance, and process improvement. Strengths include credit control leadership, financial analysis, stakeholder engagement, and team development.
Overview
2
2
Languages
8
8
Certifications
24
24
years of professional experience
Work History
Manager, Finance and Accounting
Hannover Re Malaysia Branch
08.2002 - 07.2023
- Specialization: Technical and Financial Accounting for Life and Non-Life Reinsurance
- Credit Control & Accounts Receivable
- Led accounts receivable and credit control functions, ensuring timely premium collection and effective monitoring of outstanding balances.
- Analyze aging and provision reports to minimize bad debt exposure and strengthen collection performance.
- Reconcile accounts for designated cedants and brokers while ensuring accuracy and timely resolution of outstanding transactions.
- Coordinate closely with internal stakeholders, brokers, and regional finance teams across Asia to resolve reconciliation and collection matters.
- Verify and approve accounting entries, invoices, vouchers, debit notes, credit notes, and payment transactions in compliance with company policies and audit requirements.
- Prepare and submit quarterly statutory financial reports in accordance with Bank Negara Malaysia guidelines.
- Manage IFRS and German GAAP reporting on quarterly and an annual basis.
- Prepare Risk-Based Capital analysis and financial forecasting reports.
- Delivered management reports, reconciliations, and financial analysis to support informed decision-making by business and finance leadership.
- Prepare bank, intercompany, and expense reconciliations with strong attention to compliance and accuracy.
- Build and maintain effective working relationships with brokers, finance teams, underwriters, auditors, and regional stakeholders across Asia.
- Support business operations through timely response to financial and operational queries.
- Participate in meetings and discussions with brokers and stakeholders to resolve outstanding unmatched transactions.
- Treasury, Compliance & Controls
- Act as primary liaison for banking and investment relationships.
- Manage treasury and cash flow functions, including short-term and long-term funding requirements.
- Monitor investment compliance and internal financial controls.
- Serve as key coordinator for sanctions screening and compliance-related matters.
- Ensure all financial transactions comply with internal policies, audit requirements, and regulatory standards.
- Process Improvement & Leadership
- Support automation and system enhancement initiatives, including SAP-related finance transformation projects.
- Identified process improvement opportunities to enhance reporting efficiency, reconciliation accuracy, and operational effectiveness.
- Provide coaching, guidance, and support to finance team members while promoting a collaborative and high-performance work culture.
- Prepare ad-hoc financial reports and analysis for management and business units.
Manager, Finance and Accounting
Hannover Re Malaysia Branch
08.2002 - 07.2023
- Specialization: Technical and Financial Accounting for Life and Non-Life Reinsurance
- Credit Control & Accounts Receivable
- Led accounts receivable and credit control functions, ensuring timely premium collection and effective monitoring of outstanding balances.
- Analyze aging and provision reports to minimize bad debt exposure and strengthen collection performance.
- Reconcile accounts for designated cedants and brokers while ensuring accuracy and timely resolution of outstanding transactions.
- Coordinate closely with internal stakeholders, brokers, and regional finance teams across Asia to resolve reconciliation and collection matters.
- Verify and approve accounting entries, invoices, vouchers, debit notes, credit notes, and payment transactions in compliance with company policies and audit requirements.
- Financial Reporting & Analysis
- Prepare and submit quarterly statutory financial reports in accordance with Bank Negara Malaysia guidelines.
- Manage IFRS and German GAAP reporting on quarterly and annual basis.
- Prepare Risk-Based Capital analysis and financial forecasting reports.
- Delivered management reports, reconciliations, and financial analysis that supported business and finance leadership decision-making.
- Prepare bank, intercompany, and expense reconciliations with strong attention to compliance and accuracy.
- Stakeholder & Regional Coordination
- Build and maintain effective working relationships with brokers, finance teams, underwriters, auditors, and regional stakeholders across Asia.
- Participate in meetings and discussions with brokers and stakeholders to resolve outstanding unmatched transactions.
- Treasury, Compliance & Controls
- Act as primary liaison for banking and investment relationships.
- Manage treasury and cash flow functions, including short-term and long-term funding requirements.
- Monitor investment compliance and internal financial controls.
- Serve as key coordinator for sanctions screening and compliance-related matters.
- Ensure all financial transactions comply with internal policies, audit requirements, and regulatory standards.
- Process Improvement & Leadership
- Support automation and system enhancement initiatives, including SAP-related finance transformation projects.
- Identified process improvement opportunities that enhanced reporting efficiency, reconciliation accuracy, and operational effectiveness.
- Provide coaching, guidance, and support to finance team members while promoting a collaborative and high-performance work culture.
Accounts Executive
ARIG Reinsurance (Malaysia)
01.2001 - 01.2002
- Specialization: Financial Reinsurance Accounting
- Outlined primary duties of the role.
- Managed accounts receivable functions, performing aging analysis and reconciling broker and cedant accounts to ensure accurate financial reporting.
- Verified accounting entries while monitoring incoming and outgoing payments to maintain transaction integrity.
- Prepared technical accounting schedules and reconciliation reports for internal and external reporting.
- Supported claims management, settlement processing, and large loss analysis.
- Assisted in maintaining accurate financial records, ensuring compliance with accounting procedures and enhancing audit readiness.
Accounts Executive
ARIG Reinsurance (Malaysia)
01.2001 - 01.2002
- Specialization: Financial Reinsurance Accounting
- Outlined primary duties and tasks associated with the role.
- Managed accounts receivable functions, conducting aging analysis and reconciling broker and cedant accounts to ensure accurate financial reporting.
- Verified accounting entries and monitored payment flows to maintain financial integrity and prevent discrepancies.
- Prepared technical accounting schedules and reconciliation reports for internal and external reporting.
- Supported claims management, settlement processing, and large loss analysis.
- Assisted in maintaining accurate financial records, ensuring compliance with accounting procedures and regulatory standards.
Accounts Officer
MBF Insurance Berhad
01.2000 - 01.2001
- Key Responsibilities
- Managed financial accounting and accounts receivable activities to ensure accurate and timely financial reporting.
- Reconciled accounts for cedants and brokers, ensuring accuracy and compliance with financial standards.
- Supported daily accounting operations and financial reporting requirements, facilitating timely decision-making.
Accounts Officer
MBF Insurance Berhad
01.2000 - 01.2001
- Outlined primary duties
- Managed financial accounting and accounts receivable to ensure accuracy and compliance.
- Reconciled accounts for cedants and brokers to maintain financial integrity.
- Supported daily accounting operations and financial reporting to meet regulatory standards.
Education
Master - Information Technology Management
University Malaya (UM)
01-2002
Bachelor of Economics Degree - Finance and Accounting
University Putra Malaysia (UPM)
01-1999
Skills
Financial reporting
Budget forecasting
Financial strategy
Accounts receivable management
Invoicing & Collections
SAP proficiency
Microsoft Office skills
Certification
SAP Accounts Payable Automation Training – 2020
Timeline
Manager, Finance and Accounting
Hannover Re Malaysia Branch
08.2002 - 07.2023
Manager, Finance and Accounting
Hannover Re Malaysia Branch
08.2002 - 07.2023
Accounts Executive
ARIG Reinsurance (Malaysia)
01.2001 - 01.2002
Accounts Executive
ARIG Reinsurance (Malaysia)
01.2001 - 01.2002
Accounts Officer
MBF Insurance Berhad
01.2000 - 01.2001
Accounts Officer
MBF Insurance Berhad
01.2000 - 01.2001
Bachelor of Economics Degree - Finance and Accounting
University Putra Malaysia (UPM)
Master - Information Technology Management
University Malaya (UM)
CORE COMPETENCIES
- Credit Control & Collections Management
- Accounts Receivable & Aging Analysis
- Financial & Technical Accounting
- SAP Financial Systems
- IFRS & Regulatory Reporting
- Audit & Compliance Management
- Treasury & Cash Flow Management
- Broker & Stakeholder Relationship Management
- Regional Finance Operations (Asia)
- Financial Reporting & Analysis
- Process Improvement & Automation
- Team Leadership & Staff Development
- Reconciliation & Account Management
- Risk Monitoring & Internal Controls
- Forecasting & Financial Planning
- Banking & Investment Coordination
PROFESSIONAL STRENGTHS
- Strong leadership and stakeholder management skills
- Analytical and detail-oriented with strong problem-solving abilities
- Excellent communication and presentation capabilities
- Able to manage multiple priorities within tight deadlines
- Highly organized, proactive, and results-oriented
- Strong team player with leadership and coaching capabilities
- Adaptable and committed to continuous learning and improvement