Head of Finance Business Partner
- Employer
- Prudential plc
- Location
- Hanoi, Vietnam
- Salary
- Competitive
- Closing date
- Dec 30, 2024
View more categoriesView less categories
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
You need to sign in or create an account to save a job.
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.
Managing the partnership between the business and Finance through the following key areas:
• Managing the Finance Business Partner (FBP) team's work and manage the relationship between the team and its key stakeholders to ensure the business has effective support from their FBPs.
• Process enhancements to improve the efficiency and accuracy of Finance work for key stakeholders.
Key responsibilities
1. Managing the Finance Business Partner (FBP) team
Business analysis and budget control support by FBP
3. Finance project management
4. People management
5. Others: including Distribution Compensation
8. Accountability
Job requirements
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.
Managing the partnership between the business and Finance through the following key areas:
• Managing the Finance Business Partner (FBP) team's work and manage the relationship between the team and its key stakeholders to ensure the business has effective support from their FBPs.
• Process enhancements to improve the efficiency and accuracy of Finance work for key stakeholders.
Key responsibilities
1. Managing the Finance Business Partner (FBP) team
- Maintain the role profile of the FBP team so it is suited to the needs of both the business and Finance, in consultation with key stakeholders.
- Support and promote the role of FBP to key stakeholders in supporting their business. Provide support to the FBP for complex situations.
- Deeply understand how the business runs through frequent formal and informal update with stakeholders
- Actively get involved in commercial and strategic decision making through business analysis. Help the business to identify financial opportunities, for example where an investment is worthwhile or budget can be used more efficiently.
- Act as a trusted finance adviser and facilitator of productive business discussions, including but not limited to financial process improvement, business case building, etc.
- Embed financial thinking in partners' daily process when required
- Provide advices to Head of Finance and Chief Financial Officer regarding business requirements and implementing flexible budget control
- Build and maintain strong relationships with peers and senior leaders
- Advise business users in effectively completing EPs and ACRs and support them through the approvals process. Provide advice on potential challenges from Regional Head Office. Ensure alignment with strategic initiatives and coordinate with relevant departments at PVA and PCA for approval.
- Support business users on monitoring EP and ACR implementation and post implementation to report on impact and lessons learnt for future projects
Business analysis and budget control support by FBP
- Support FBP in being actively involved with the business in order to provide value-added and actionable advice for financial control process.
- Support FBP team member in performing regular expense and budget review.
- Managing annual budget exercise and quarterly rolling forecast
- Update management about their expense KPIs and recommend practical remediation actions. Including advice on embedded value expense variance making allowance for changes in both expense and allowance, with support from Actuarial.
- Develop tools (eg visualization) to help stakeholders understand better their budget position and what is important to focus on improving. Provide meaningful and informative analysis reports to business stakeholders.
- Provide support and advice to the business for budget planning and ad hoc financial analysis.
- Ensure FBP have a strong understanding of the budgets of their areas and can explain where money is being spent.
- Sound business analysis on company performance in accordance with requirements from management and advices to Management for implementation of budget to be in line with company's strategy
3. Finance project management
- Engage with relevant stakeholders in all Finance projects to agree implementation scope and deadlines
- Monitor and drive Finance projects in collaboration with relevant stakeholders to ensure progress is not behind deadlines and spending is within budget
- Monitor Post Implementation Review (PIR) for all Finance projects, ensure relevant stakeholders are aware of PIR deadlines and tasks
4. People management
- Motivation, development, and retention of high caliber talent in the team. Provide and manage development opportunities, training/coaching, and rotations to the team members.
- Build up strong and confident team members who can effectively support business as credible and trusted business partners/ local reporting and group reporting
5. Others: including Distribution Compensation
- Ensuring timely and accurate payment of distribution compensation.
- Ensure incentive schemes of all channels (Agency, Banca..) are set up and validate in the system properly.
8. Accountability
- Update and maintain FBP role to align closely to the business to provide more effective Finance support on projects and expense management
- Cooperate and influence all other departments within Finance to reduce manual work, increase efficiency and effectiveness of Finance process and controls. Monitor and control the progress of all Finance projects.
- To prepare periodical financial reports with accuracy, completeness, and timeliness in accordance with International Financial Reporting Standards and Regional Office accounting policies.
- To coordinate with other teams (Corporate Actuarial, Financial Analysis, Financial Accounting...) to ensure financial reports are delivered with accuracy, completeness, and timeliness.
- To prepare periodical/ad hoc MIS reports for Regional Office, PVA leadership team... and monitor the MI system to provide accurate, completed and timely information.
Job requirements
- Bachelor degree in Finance/Accounting/Computer Science, with a relevant professional qualification such as CPA, ACCA, CISA or equivalent
- At least 7 years of relevant experience
- Knowledge of VAS, IAS, Life Insurance and Business Process Automation techniques
- Has a strong ability to apply logical and critical thinking to resolve problems
- Propensity to drive and support required changes to improve efficiency & process excellence
- Excellent spoken and written English
- Strong people management experience
- Commercial acumen and decision making; negotiation and influence skill
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.
Sign in to create job alerts
Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.
Create alert