SE - Treasury Settlement & Operation

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.

Cash Management and Liquidity Monitoring

• Update unreconciled accounts in Reval and investigate outstanding items.
• Download and review opening bank balances for daily cash positioning.
• Perform daily cash calculations to determine funding requirements and excess cash positions.
• Monitor available liquidity and LRAP limits to ensure compliance with internal policies.

Funding and Cash Flow Management

• Prepare and upload daily funding estimates covering policy payments, non-policy payments, subscriptions, redemptions, commissions, GA allowances, taxes, and dividends.
• Execute cash pooling activities to optimize cash utilization across bank accounts.
• Monitor daily cash movements and funding requirements.

Foreign Exchange and Investment Activities

• Update daily foreign exchange rates in treasury systems.
• Execute foreign exchange transactions as required to support business operations.
• Obtain and negotiate interest rates for time deposit placements.
• Prepare and execute time deposit placement instructions.
• Maintain and update deposit records, including Daily Transaction Form and Time Deposit transactions.

Payment Processing and Bank Administration

• Prepare and process fund transfers through e-banking platforms.
• Conduct bank callback confirmations for payment and deposit transactions when required.
• Verify that all fund transfers have been successfully processed and settled.
• Liaise with banking partners to resolve transaction-related issues.

Treasury System Administration

• Upload Cash Transaction Account and Time Deposit transactions into Reval system
• Support system reconciliations and ensure timely updates of treasury records.

Compliance and Operational Controls

• Ensure all treasury transactions comply with company policies, banking regulations, and internal control requirements.
• Maintain supporting documentation for all treasury activities.

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.