Description
Prudential is seeking a Chief Commercial & Product Officer, Wealth to drive and optimize commercial and financial performance of Wealth across the Group.
The successful candidate will report directly to the Chief Executive Officer, Wealth & Bermuda, and will be responsible for:
Strategic finance and business performance
- Developing and executing Wealth's financial strategy, ensuring alignment with business objectives and long-term value creation.
- Leading financial planning, budgeting, and forecasting across the Wealth platform.
- Establishing management reporting and performance dashboards across Wealth, providing insights into financial, commercial, and operational performance.
- Defining and monitoring key performance indicators, including revenue, profitability, productivity, return on capital, and value creation.
- Providing strategic financial advice, scenario analysis, and decision support to the Wealth CEO, Executive Committee, and Boards.
Product Strategy and Commercial Management
- Providing executive oversight of Wealth’s product strategy, development, capability build, and Group execution.
- Driving the product strategy and end-to-end product development of Prudential Bermuda products, ensuring alignment with the overall Wealth business strategy.
- Ensuring products deliver sustainable profitability, capital efficiency, and differentiated customer value.
- Leading the design and operationalisation of third-party reinsurance arrangements to enhance capital efficiency and product competitiveness.
Financial governance and platform management
- Establishing consistent financial governance, management reporting, and performance frameworks across the Wealth platform.
- Partnering with the Bermuda CFO and LBU CFOs to ensure alignment between platform oversight and local legal entity responsibilities.
- Ensuring robust financial controls, governance, and decision-making processes across Wealth initiatives.
Strategic partnerships and Wealth Centre of Excellence
- Supporting external product innovation and business development with strategic partners, including private banks, international brokers, and reinsurers.
- Partnering with Wealth Finance and Actuarial to support Wealth CDO driving commercial structuring and financial evaluation of strategic partnerships and bespoke propositions.
Leadership and organisation development
- Building and leading the Wealth Strategic Finance and Product organisations.
- Developing organisational capabilities spanning strategic finance, product economics, analytics, and portfolio optimisation.
- Fostering a culture of commercial discipline, innovation, accountability, and collaboration.
Requirements & Qualifications
- Bachelor's degree in Finance, Actuarial Sciences, Accounting, Economics, Business or related discipline.
- 20+ years of experience in product and/or finance leadership within insurance, wealth management, or financial services.
- Strong knowledge of financial reporting standards, solvency requirements, and international frameworks.
- Proven track record in product development & pricing, strategic finance, portfolio optimization, and business performance.
Preferred Attributes
- Experience building or scaling a regional Wealth or High Net Worth business.
- Strong understanding of insurance capital frameworks, embedded value, IFRS 17, and economic value measurement.
This listing is enriched and indexed by YubHub. To apply, use the employer's original posting:
https://prudential.wd3.myworkdayjobs.com/en-US/prudential/job/Hong-Kong-Group-Head-Office/Chief-Commercial-and-Product-Officer--Wealth_26090310