Lead, Finance Compensation

at  Prudential Plc

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.
The role is responsible for the full spectrum of Distribution Compensation Operations. The team reports to Head of Finance Operations. The scope covers daily processing, accounting, its related reconciliation, check and balance, user testing, validations, compensation instruction and management of agency queries. The expectations of the team are accuracy, efficiency and timely processing/ validation / queries response within relevant policies, statutory and regulatory requirement/guideline/timeline. This role is to lead the team’s continuous effort to seek and formulate strategy for efficiency, productive, and effective processing risk control of the complex multi-layer of business rule against system design and stay align with all governing rules. The role also responsible to strategize the team’s proposition in supporting business needs. It is the team’s esteem responsibility to alert the management of any potential issue and risk that could be potential impact the company unfavorably in the scope of duties.

Job Description:

• Oversee and support Distribution Compensation Operations activities, to ensure validations and payments are executed accurately and timely.
• Timing and accurate accounting of compensation schemes
• Lead the team to understand the business requirements from business case/request and visualisations of business data.
• Analyse data to identify patterns and draw insights to support business decisions
• Implement the analytical insight into the business process by coordinating different functions and/or stakeholders
• Propose, develop, implement processing models and present the explainable outcomes to support the organisation’s operations and execution of key distribution compensation strategies.
• Development of framework for new and existing initiatives with control and governance
• Oversight of end-to-end workflow process while ensuring risk and control points are well established.

Who we are looking for:

Competencies & Personal Traits

• Agility and high energy in fast paced environment,
• Ability to work in a collaborative team environment that encourages open communication and sharing of ideas and best practices as well as work independently,
• Ability to guide change management strategically,
• Passion for Problem solving,
• Strong and ability to work well and quickly adapt to changes in a challenging and dynamic environment.
• Flair for numbers, strong analytical skills and structured process thinking, attentive to detail.
• Strong interpersonal skills and ability to influence across organization level.
• Thinking outside the box

Working Experience

• At least 8-10 years working experience in Finance
• Managerial role in auditing or operations preferably in financial industry in Singapore.
• Managing a sizeable team.
• Familiarity with Compensation in administration and support.
• Familiarity with database, cloud, and various FP&A tools is an added advantage.

Education

• Degree in Accounting/Finance/Statistics/Mathematics/Economic
• Professional Qualification such as ACCA, CPA

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.

Please refer the Job description for details