Manager, Group & LBU Cost Management

Manager, Group & LBU Cost Management

Manager, Group & LBU Cost Management

Apply locations Kuala Lumpur (Group Head Office) time type Full time posted on Posted 4 Days Ago time left to apply End Date: April 24, 2025 (26 days left to apply) job requisition id 25030109

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.

We are seeking an experienced and dynamic Manager of Group & LBU Cost Management to play a pivotal role in ensuring financial discipline of BAU and strategic projects cost pools. This role will play a critical role in shaping our cost management capability, driving standardisation and efficiency across the entire group with an external benchmarking context. This position requires strong stakeholder management skills and a strategic mindset.

Responsibilities:

1. Finance Business Partner (Central Entity and Group Consolidation):

• Analyse group-level consolidated financial management information, providing Central Group entity (head office) consolidated financial reporting, and Group consolidated management information and analysis decks to the CEO and CFO.

• Collaborate with the Head of Enterprise Cost Management to offer financial guidance and support strategic decisions for the Group Executive team.

• Assist in partnering with various stakeholders in driving cost optimisation initiatives.

2. Group Cost Consolidation, Review and Challenge:

• Perform financial consolidation and review of the Local Business Unit (LBU), East Spring (ESI) and Central Entities expense results under IFRS 4.

• Support the Head of Enterprise Cost Management in independently reviewing LBU submissions partnering with them to drive standardisation and actionable insights.

• Harmonise financial reporting and budget planning across Central Entities, and reporting collection across the group to improve visibility, accuracy, transparency, and financial accountability.

• Assist in explaining different measurement of cost profiles between European Embedded Value (EEV), Traditional Embedded Value (TEV), IFRS 17 and IFRS 4.

3. Ratio analysis & Benchmarking:

• Set up and maintain productivity and expense ratio analysis.

• Perform external benchmarking and comparative analysis.

Core Competences Required:

• Financial Leadership: Strategic thinking, financial acumen, and decision-making.

• Collaboration and Relationship Management: Ability to work across functions and build strong partnerships.

• Analytical Skills: Proficiency in financial analysis, cost management, and performance evaluation.

• Change Management: Adaptability and driving transformation. Ability to manage and develop teams and continuously improve processes towards best-in-class.

• Influencing: Ability to explain key messages clearly and concisely and provide actionable advice.

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.