Role Title: Capital Manager
Management Level: Non Manager
Reports To: Head of Capital Strategy
Location: Paddington, London
Travel Requirement: Minimal
Recruiter: Stephen Fox
Working with Prudential as an Capital Manager means becoming part of a brand with a global reputation and an exciting vision: to be the leader in helping customers achieve their long-term financial goals. If you’re inspired to join us, and if you have the necessary qualities, then this could be the opportunity you’ve been looking for.
At Prudential we’re absolutely focused on getting the best outcomes for customers. Ours is one of the most profitable and trusted names in life and pensions, and we lead the market in a number of pension products.
Prudential serves more than seven million people in the UK, spanning a wide range of products and services. To help customers make sense of the complex choices they face our customer service team has to be of a quality that’s second to none.
The Corporate Finance function is responsible for delivering transactions that provide value to our stakeholders, including those that drive the capital efficiency of the business. The Capital Manager role is expected to undertake a range of activities to use existing and innovative techniques to optimise capital and/or reduce balance sheet volatility, as well as develop and support the capital management framework.
They will work with a range of external stakeholders (e.g. Investment Banks and Consultants) and internal stakeholders (e.g. PPMG, Group Actuarial, the Chief Actuary and the Finance, Legal and Risk teams) to provide business solutions.
Purpose of the role:
To develop and implement the capital management framework
To develop and deliver capital optimisation projects
To develop new solutions and structuring options for capital optimisation transactions
To maintain strong external networks to keep apace of competitor and market developments
Proven experience of transactions; preferably those that involve capital management.
Experience of generating business ideas through the application of creativity
Experience of using subject matter expertise to interpret complex recommendations and recommend solutions for business stakeholders
Experience of managing complex internal and external relationships at a senior level
Some experience of reinsurance would be beneficial
Capital Managers will typically come from finance or actuarial backgrounds. Role-holders will need to be highly proficient at complex stakeholder management, and will work closely with Finance, Legal and Risk to fully understand and anticipate the impact on the business of capital management activities.
Experience of actuarial, financial and capital management concepts
Ideally you will be a qualified Actuary, but we will consider people who are nearly or part qualified.
Strong relationship management, influencing and negotiation skills.
At Prudential we work hard to create an environment that enables everyone to flourish and we actively encourage diversity across the business.
People who work at Prudential agree that ours is a great place to work with a brilliant team spirit. It’s also an innovative, high-performing commercial environment that’s totally focused on customers. As a Prudential colleague you’ll get all the support you’d expect, including full training and professional development. You’ll receive a competitive salary and reward package. And in a fast-changing world, you’ll join an organisation that’s leading the way in helping customers achieve their long-term financial goals.
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