[ref. j7723421] Director, Financial Management

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.

We are seeking an experienced Director, Recharge & Allocations to manage financial recharges and allocations within our organisation. This position involves building strong relationships with Local Business Units (LBUs), maintaining an accurate catalogue of recharges, developing recharge frameworks, ensuring rigorous governance, and optimising tax implications related to recharges.

This role requires a deep understanding of financial recharges and allocations, strong relationship-building skills, and a keen eye for detail. The Recharge & Allocations Specialist will need to have a good understanding of tax and transfer pricing regulations.

Build Relationships with LBUs:

• Work closely with the Head of Enterprise Cost Management provide financial guidance and decision support to the Group Executive team on all matters pertaining to Recharges & Allocations.
• Foster strong relationships with LBUs through clear recharge frameworks, policies, and principles that provide transparency, fairness, and accuracy in cost distribution.
• As the subject matter expert of all recharges and allocations, provide to project managers and business partners on appropriate selection of recharge drivers and keys, methodologies and provide support on recharge modelling.
• Work with project managers and business partners to provide advice on completion of business case documentation and interacts closely with the project accounting teams to ensure costs and delivery are tracked.

Maintain Catalogue of Recharges:

• Maintain a comprehensive catalogue of all recharges across the organization, including counterparties, methodologies, drivers, and approximate value.

Develop Recharge Framework:

• Create and refine a robust recharge framework that aligns with organizational goals of simplification. Establish clear policies and principles governing recharge processes. Ensure consistency and adherence to best practices across LBUs.
• Establish clear policies and principles governing the recharge processes and ensure consistency and adherence across the group.
• Continuously develop and enhance templates, recharge guidelines/handbook and estimation calculators.

Governance and Value Optimization:

• Implement rigorous governance practices for recharges, with regular updates on delivery, spend and demonstrate value for money to earn the trust of the LBU’s.

Collaboration with Tax:

• Maintain a close liaison with the Tax, ensuring all methodologies consider tax and transfer pricing regulations.
• Seek opportunities to enhance tax efficiency within existing recharge processes.

Core Competences Required:

• Financial Acumen: Strong understanding of financial concepts, including recharges, allocations, transfer pricing and cost management.
• Relationship Building: Excellent interpersonal skills to foster collaboration with LBUs and other stakeholders.
• Analytical Thinking: Ability to analyse data, identify trends, and make informed decisions.
• Communication: Effective communication skills to convey complex financial information clearly.

Education and Experience:

• Experience:
• A minimum of 1o years of experience in finance or cost management
• Experience in regional recharging and allocation, with understanding of transfer pricing and cross-border tax implications is preferred.
• Education:
• Bachelor’s degree in Finance, Accounting, or a related field.
• Professional accounting qualification (e.g., CA, CPA, ACCA).
• Skills:
• Strong analytical and strategic thinking abilities.
• Effective communication and influencing skills.
• Ability to lead initiatives group-wide, ensuring alignment with overall business goals.
• Ability to partner closely with the Group’s senior executives, LBU finance teams, and central entity accountants to drive change.
• Knowledge of tax regulations and compliance with relation to recharges and allocations.

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.