IFRS reporting manager

M&G; City of Edinburgh; Hybrid; GBP 80,000 - 110,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save & Share Incentive Plan

38 days annual leave

Inspiring Families policy

Health & Protection cover

Job summary

M&G, a leading financial services group, seeks an IFRS and Life insurance Finance professional based in the UK. The role focuses on reviewing the Life business IFRS profit contributions and delivering robust commentary for Group IFRS reporting.

You will lead IFRS analyses, coordinate with tax and audit teams, and drive improvements in governance, risk, and controls, while managing a team and collaborating with stakeholders across M&G Finance.

Qualifications

• Actuarial or accounting qualification required.
• IFRS 17 Life insurance understanding.
• Strong attention to detail with technical knowledge.
• Ability to manage change and drive improvements.
• Experience with governance, risk, and controls.

Responsibilities

• Review and sign-off Life IFRS profit contribution.
• Prepare commentary explaining company's IFRS profit.
• Approve IFRS 17 engine adjustments.
• Oversee IFRS analysis and engine output.
• Coordinate with tax for deferred tax impacts.
• Support external audit processes.
• Ensure robust internal controls and timely attestations.
• Lead IFRS Analysis team and develop skills.

Skills

Analytical thinking

Stakeholder communication

Governance & risk

Regulatory understanding

Attention to detail

Relationship building

Automation interest

Adaptability

Education

Actuarial qualification

Tools

MS Excel

Power BI

Tagetik

Job description

At M&G, our purpose is to give everyone real confidence to put your 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.

Accountabilities/Responsibilities

• Overall responsible for the review and sign-off of the Life business contribution to Group IFRS profit
• Responsible for production of commentary to explain the insurance’s company contribution to Group IFRS profit, including an analysis of operating and non operating profit
• Review and approve the analysis of the adjustments to the expected cashflows for IFRS 17 Engine run prepared by the IFRS 17 Production team
• Review and approve the analysis of the IFRS 17 adjustments to the engine output to be loaded to the Results Store
• In collaboration with the tax team review the calculation of the deferred tax impact of IFRS 17
• Support the analysis of change for the regulated insurance entities and produce reconciliations/inputs to support the commentary on the results for the Group board reports
• Management and oversight of the IFRS Analysis team, ensuring that team members have appropriate skills, training, and experience to perform their roles
• Be accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
• Ensure compliance with current regulatory requirements and procedures to maintain a robust financial control regime and drive enhancements to controls to support improvement of the overall control framework
• Evaluate and enhance processes and procedures to accommodate business changes and support continuous improvement through regular and customised analysis
• Strategically plan and allocate tasks to meet deadlines
• Manage, coordinate, and support external audit process for areas of responsibility
• 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
• Support and deliver other finance change projects and any ad hoc tasks
• 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.

Knowledge & Skills

• Highly analytical and skilled problem solver, with the ability to distil complex ideas or problems into simple, effective plans and solutions
• Ability to communicate complex topics effectively 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
• Possess both a strong attention to detail and a bigger picture mind-set
• Adept at building relationships at all levels and has confidence communicating with a variety of stakeholders
• Strong interest in automation and process improvements
• Ability to quickly adapt to new and evolving situations

Experience

• IFRS 17 Life insurance experience
• Strong understanding of with-profits product complexities
• Excellent technical knowledge, with attention to detail
• Balances competing requirements to deliver a balanced set of results, resolving significant or priority conflicts
• Drives incremental and transformational change in response to experience of business needs and manage continuous improvements in processes and outputs
• Proficient in the use of MS Excel, Word, PowerPoint
• Working knowledge of Power BI and Tagetik is advantageous

Educational Qualification

• An actuarial qualification or accounting qualification necessary

What we offer

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future.

Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

Life at M&G

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [e-mail]