Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Work as a business partner with the stated business units and function to enhance economic value through real business actions. To serve as a link between the business/ pillar and wider group finance.
Background and Purpose:
- The Group Head Office supports business operations across Asia and Africa. The Regional Performance Management team sits within the Group Finance function with responsibility for (1) monitoring and ensuring management is informed of LBU & pillar performance, , (2) Supporting the BUs in designing and executing business actions to improve performance (3) Support the Regional CEO teams in key governance items: product proposals and distribution / customer incentives.
- The Regional Performance Management team plays a pivotal role in ensuring optimal financial outcomes and supporting LBUs to develop management actions to address experience and achieve efficiency.
- This role will work across all these areas with a clear focus on overseeing LBU performance, reviewing product, distribution and customer proposals. The role requires communicating with the senior management to deliver business insights from reporting results and highlighting risks and mitigations.
Job Responsibilities:
- Business Partnering & Support for our business units and Regional CEO teams
- This particular individual will be allocated to specific BU(s) and be the chief point of contact for the BU to access Group and vice versa
- Derive business insights for each BU, ensuring that the right information is provided, and the key insights are clearly extracted and appropriately presented to the senior leadership
- Providing the BUs with leadership and guidance on critical financial matters
- Offering expertise and oversight for driving planned improvements in BU business management
- Support the BUs in areas such as
- Product and pricing strategies
- Distribution initiatives such as compensation adjustments, campaigns, incentive review, and approvals
- Claims actions
- Expense management
- Persistency improvements
- Investment strategies
- Broader capital management
- Monitoring and tracking experience of Persistency, Claims, Expenses, and helping BUs develop management actions to address experience
- Supporting the reporting and messaging of the organisation by analysing results and explaining them to stakeholders based on business drivers. Where requested, being an active participant in financial reporting decisions including EEV / FSG / IFRS / IFRS17 financial metrics.
- Providing input into Group projects, as necessary.
Principal Accountabilities:
1. Business as Usual (BAU) Responsibilities:
- Establish financial goals and action plans to achieve them for the business units,
- Share responsibility with BU CFOs/CAs for achieving action plans
- Communicate BU performance to stakeholders, including reviewing and interpreting results
- Support CFO & RCEO in various matters including approvals
2. Change / Project Responsibilities:
From time to time, the role is expected to support various Group projects related to the management and optimisation of new opportunities of the Group. Key project areas where the role will be expected to make a significant contribution include:
- Providing necessary support and leadership for LBU Merger & Acquisition by assessing synergies, strategic rationale, intangibles, etc.
- Providing input into partnership opportunities (e.g. banca deals).
Job Requirements:
- Qualified Actuary / Accountant with an in-depth and extensive level of actuarial, product& pricing, accounting and operational experience, preferably with experience in a life insurance business unit.
- An analytical and agile mindset, with the ability to provide region-specific and tailored guidance to different LBUs to drive efficiency in methodology and practice.
- Excellent verbal and written communication skills in order to be able to listen to and engage with a broad range of stakeholders including senior leaders.
- Proven ability to work cross-organisationally to build relationships across LBUs and influence key stakeholders.
- Well-developed leadership skills and proven ability to develop and lead a successful team.
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
