Vice President - Balance Sheet Consolidation / QRTs Accounting Lead

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc’s ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Accountabilities/Responsibilities

• Responsible for overall Tagetik Balance Sheet submission and ensuring the accurate completion of the quantitative reporting templates necessary for Solvency II Review for all Insurance entities
• Production and review of flash results of Balance Sheet submissions, high level analysis and commentary on movements
• Production and review of intercompany and consolidation Tagetik adjustments, ensuring completeness and accuracy of all adjustments
• Production and review of annual and quarterly Quantitative Reporting Templates (QRT’s) for local regulatory Solvency II Reporting which includes SII Balance sheet, Assets, Own funds
• Together with the Balance Sheet Accounting lead provide signoff of Balance Sheet and Solvency II position QRT’s before handover to Reporting Analysis team
• Ensure compliance with current accounting standards and Insurance procedures to maintain a robust financial control regime
• Support the implementation of new accounting standards and delivery of other finance change projects
• Open to change and continuously reviewing and improving the consolidation and regulatory reporting processes to enhance efficiency, accuracy, and compliance
• Maintain effective working relationship with the Reporting Production Lead and other areas across M&G
• Keep up to date with the latest accounting and regulatory developments
• Strategically plan and allocate tasks to meet deadlines
• Be accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
• Manage, coordinate, and support external audit process for areas of responsibility
• Produce inputs into the Statutory board reports and attend where required
• Ad hoc tasks and participation in ad hoc projects to support continuous improvement and process enhancement

Key Stakeholder Management

Internal

• Balance Sheet Accounting team
• Reporting Analysis team
• Change/Development team.
• Internal audit team
• Finance Technology team.

External

• External auditors

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills:

• Working knowledge of IFRS and UK GAAP (or the equivalent) reporting
• Knowledge of regulatory Solvency II is advantageous
• Familiarity with regulatory Solvency II and other regulatory reporting requirements relevant to the insurance industry in the United Kingdom
• Capacity to lead and manage a team, providing direction, support and development opportunities.
• Adept at building relationships at all levels and has confidence communicating with a variety of stakeholders
• High analytical skills and understanding of trends
• Ability to contribute to strategic planning and decision making
• Openness to innovation and encourage creativity in the team
• Strong problem -solving abilities to address and resolve issues that may arise during the consolidation and reporting process
• Effective verbal and written communication skills

Experience:

• Practical experience with consolidation and intercompany adjustments processes for a Life Insurer
• Experience with financial consolidation and reporting tools

Educational Qualification:

• Chartered accountant qualification (CA) or the equivalent

M&G Behaviours relevant to all roles:

Tell it like it is: Respectfully speaking up to create better ways forward - both direct and empathetic

Own it now: Putting your name on things with confidence to drive progress and results quickly

Move it Forward Together: Forming cross-functional teams to seize the right opportunities and solve real problems.

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.