Accounting Analysis Expert

mgpru; Stirling; On-site; GBP 60,000 - 85,000; Full time

Job summary

M&G plc is seeking a qualified accountant to join the Insurance Analysis team to embed liquidity reporting processes and governance within BAU. The role will evolve to IFRS and UK GAAP reporting, with responsibilities across statutory results and group reporting.

The ideal candidate will have a strong analytical mindset, data governance skills, and the ability to influence senior stakeholders while supporting continuous improvement in the finance function.

Qualifications

• Qualified accountant with experience in regulatory liquidity reporting.
• Strong analytical skills and data governance capabilities.
• Ability to explain complex topics to senior stakeholders.

Responsibilities

• Monitor data provision, transformation and governance for regulatory liquidity reporting.
• Embed liquidity reporting within BAU processes and controls.
• Develop and govern monthly liquidity reporting sign-off processes for senior management.
• Coordinate and support external audit activities and regulatory board reporting.
• Ensure compliance with accounting standards and insurance procedures.

Skills

Analytical mindset

Data governance

Stakeholder communication

Regulatory knowledge

Education

Qualified accountant

Tools

ERP finance systems

Job description

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

Role Summary

The Insurance Reporting team at M&G includes the Insurance Analysis team, which is responsible for the analysis of Financial Statements for M&G Insurance Reporting. The reporting team has responsibility for the financial, statutory and regulatory reporting.

A vacancy has arisen for a qualified accountant in the Insurance analysis team. The role covers a broad range of responsibilities but in the short term will focus on embedding the process for statutory liquidity reporting including formalising the process, controls and governance within BAU, as well as understanding the drivers of change to the reporting and meaning behind it. Longer term the role will evolve to include all aspects of accounting analysis including IFRS and UKGAAP reporting bases.

Accountabilities / Responsibilities

• Responsible for ensuring the monitoring of data provision, transformation, and governance for regulatory Liquidity reporting completes in required timescales.
• Responsible for embedding the regulatory Liquidity reporting within the BAU processes.
• Responsible for developing and agreeing the key controls and governance process required for senior management to sign off regulatory liquidity reporting on a monthly basis.
• Responsible for transitioning the liquidity reporting work to the relevant BAU teams once it is embedded.
• Initial management and oversight of the team involved in producing liquidity reporting ensuring that team members have appropriate skills, training and experience to perform their roles.
• Support the analysis of the regulated insurance entities Statutory results on a UK GAAP basis ensuring completeness, accuracy and compliance with reporting requirements and the supporting commentary on the results for the statutory board reports.
• Support the analysis of the regulated insurance entities contribution to Group on an IFRS basis ensuring completeness, accuracy and compliance with reporting requirements and the supporting commentary on the results for Group board reports.
• Work with other team leads within the Analysis team for commentary on IFRS and UK GAAP results including commentary and input into asset valuations
• Responsible for ensuring internal controls are effective, compliant and timely with applicable standards and regulations including quarterly attestation of the RCSA and Internal Controls Framework ensuring effectiveness, timeliness and completeness.
• Manage, coordinate, and support external audit process for areas of responsibility
• Support regulated insurance entity board and audit committee financial reporting production.
• Ensure compliance with current accounting standards and Insurance procedures to maintain a robust financial control regime and drive enhancement of the control environment
• Support and deliver finance change projects
• Collaborate effectively with colleagues and maintain effective working relationships with other teams across M&G Finance, ensuring that Insurance reporting needs are communicated, understood and met.
• Ad hoc tasks and participation in ad hoc projects to support continuous improvement and process enhancement.

Knowledge & Skills

• Highly analytical and skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions
• Understanding of data management and control principles and able to manage data transformation and mapping solutions.
• Ability to communicate complex topics effectively and influence effectively through productive / successful relationships with senior stakeholders
• An ability to assess the effectiveness of the arrangements to deliver effective governance, oversight, risk management and a robust control environment across the finance function and the wider business
• An awareness and understanding of the evolving regulatory framework in which M&G plc operates.
• High degree of honesty, integrity and discretion
• Possess both a strong attention to detail and a bigger picture mind-set
• Ability to build strong relationships at all levels across the business, flex interpersonal style accordingly and influence others effectively
• Inspirational manager capable maintaining a high-performing team
• Strong interest in