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.
Working within the Future Finance Accounting and Reporting workstream, this role focuses on delivering the accounting and reporting tactical and strategic solutions within PHKL. The FFP is a strategic initiative for Prudential, enabling the Finance function to transform its role to focus on business partnering, supporting Prudential business growth.
Job Descriptions:
- Own and manage the A&R workstream plan, with the support from the PMO-office.
- Oversee and take ownership of cross team/discipline delivery and coordination, assign tasks and manage day-to-day activities, get timely input from internal and external stakeholders (e.g., IT).
- Identify, assess and escalate risks and mitigating actions to the PMO-office and/or PHKL-leadership.
- Provide timely workstream status updates via the established communication channels.
- Own and manage and track workstream allocated budgets and costs, with support from the PMO-office.
- Ensure deliverables meet the required scope, business requirements, required level of benefits and level of quality.
- Drive continuous improvement of processes, systems, data and controls (where relevant) and make clear what the business benefits are and impact to the organisation.
- Own the delivery and roll out of a new local ledger, including the data migration from the old to the new ledger/Chart of Accounts.
- Prepare proposals which concisely set-out alternatives, pros and cons of each alternative, including impact assessment (operational, financial, etc.) and drive discussions with key local and group stakeholders.
- Build relationships with key stakeholders (e.g., group and local IT department, A&R Group workstream, project leadership and external consultants).
- Ensure that the documentation regarding the implementation of changes meets all prudential internal requirements (e.g., documentation on approving and governing key decisions, controls documentation on user acceptance testing, progress reports and risks identification and mitigation, vendor selection and procurement, etc.).
- Provide functional A&R input when brainstorming or analysing options and implications, which includes thinking through the use and integration in existing processes and systems of certain tooling (Alteryx, Python, AI or otherwise) to automate processes, the use of dashboards (e.g., PowerBI), management information versus minimum compliance requirements (e.g., granularity of information in the accounting ledger), design efficient process and controls (e.g., from a Sox perspective what is key and what are other controls), considering pragmatic solutions (e.g., differentiate between material and immaterial matters and simplify where that is possible).
- Participate in governance meetings and key leadership meetings and present A&R proposals and drive discussions, including pre-socialisation ahead of these meetings, where needed (e.g., design authority, steerco meetings, etc.).
- Support programme funding requests, which includes supporting analysing priorities by assessing costs benefits, estimate costs for key deliverables (considering engagement models, resourcing and timing) and going through the procurement process to get approvals locally and at group.
- Where needed participate in auditor discussions on changes implemented, which includes providing walk throughs, required evidence that design, build and test meets internal requirements and address queries as they arise.
Job Requirements:
- CPA or similar designation and at least 10 years of post-qualification work experience, initially trained in a big four and subsequently worked within a life insurer.
- Strong project management skills and stakeholder management and execute delivery in a structured and transparent manner.
- Accounting and reporting expert, which includes expertise on process and controls (e.g., Sox), audit (i.e., concept of materiality, understanding of what it takes to get auditor sign off), reporting (e.g., understanding what it takes to issue local and group financial statements, IFRS 17, etc.) and budgeting and forecasting (e.g., expense management and planning).
- Solid understanding of actuarial concepts across metrics (e.g., IFRS 17, EEV/TEV, RBC, ICS, etc.).
- Proven track record on leading the delivery of process and system improvements across multiple functional domains.
- Prior experience in working in finance transformation projects or ERP implementations (experience with Oracle ERP implementation would be an advantage).
- Strong leadership skills with proven ability to build and lead cross functional teams to deliver within tight timelines.
- Excellent verbal and written communication skills, which includes the ability to communicate and bring across key messages to individuals with different cultural and educational backgrounds (i.e., actuaries, accountants, data experts and system and tech experts). At the same time translate key messages in a concise way and in layman terminology to key stakeholders which are not close to the detail (e.g., able to summarize complex topics on one-pagers, balancing text and visuals).
- Ideally bilingual but this is not a core requirement (i.e., fluent in English and Cantonese).
- Good understanding of key technology and system aspects to the FFP changes. This would include Oracle Fusion, SunGL, concept of using ETLs, use of Alteryx, use of AI, use of PowerBI, Cloud data technologies (e.g., Azure, Databricks), OneStream, or similar tech knowledge.
- Practical and extensive experience of agile delivery methodologies.
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.