Insurance Analyst

mgpru; Stirling; On-site; GBP 50,000 - 70,000; Full time

Job summary

M&G Insurance Reporting team is hiring to embed regulatory liquidity reporting, with a focus on embedding processes, controls and governance within BAU. The role will evolve to include all aspects of insurance analysis, including IFRS and UK GAAP reporting bases.

The successful candidate will work with actuaries and accountants, support data governance, and contribute to other finance change projects while collaborating with colleagues across M&G Finance.

Qualifications

• Highly analytical with the ability to solve problems.
• Strong system skills and the ability to analyze complex data.
• Experience in analysing Insurance financial results on UK GAAP and IFRS.
• Proficient in MS Excel, Word, PowerPoint.
• Knowledge of Finance systems and data.
• Experience with Oracle, Power BI and Tagetik is advantageous.

Responsibilities

• Support monitoring of data provision, transformation and governance for regulatory Liquidity reporting on time.
• Support embedding regulatory Liquidity reporting within BAU processes.
• Help develop and agree key controls and governance for monthly regulatory liquidity sign-off.
• Assist transitioning liquidity reporting to BAU teams when embedded.
• Analyse statutory results on UK GAAP and IFRS, produce commentary for board reports.
• Analyse IFRS contributions to Group reports with commentary.
• Assist in producing UK GAAP results and IFRS contributions to Group.
• Collaborate with actuaries and accountants within the Insurance Analysis team.
• Support new reporting standards and other finance change projects.
• Support audits of regulated insurance entity results and accounts.
• Collaborate with colleagues across M&G Finance.
• Maintain strong working relationships with other teams across M&G Finance.
• Participate in ad hoc projects to support continuous improvement.

Skills

Analytical skills

Data analysis

Data mapping

Stakeholder comms

Attention to detail

Teamwork

Automation interest

Deadline driven

Education

IFoA actuarial qualification

CA/ACA/ACCA qualification

Tools

Oracle

Power BI

Tagetik

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 to join 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. Longer term the role will evolve to include all aspects of insurance analysis including IFRS and UKGAAP reporting bases.

Accountabilities / Responsibilities

• Support the monitoring of data provision, transformation, and governance for regulatory Liquidity reporting in required timescales.
• Support embedding the regulatory Liquidity reporting within the BAU processes.
• Support developing and agreeing the key controls and governance process required for senior management to sign off regulatory liquidity reporting on a monthly basis.
• Support transitioning the liquidity reporting work to the relevant BAU teams once it is embedded.
• Analysis and challenge of the regulated insurance entities Statutory results on a UK GAAP basis ensuring completeness, accuracy and compliance with reporting requirements and produce commentary on the results for the statutory board reports.
• Analysis and challenge of the regulated insurance entities contribution to Group on an IFRS basis ensuring completeness, accuracy and compliance with reporting requirements and produce commentary on the results for Group board reports.
• Support the Insurance Reporting Production team to produce and finalise the UK GAAP results and the insurance entities contribution to Group on an IFRS.
• Collaborate with actuaries and accountants within the Insurance Analysis team.
• Support implementation of new reporting standards and delivery of other finance change projects.
• Support audits of the regulated insurance entity results and accounts.
• Support and deliver other finance change projects.
• Collaborate effectively with colleagues and maintain effective working relationships with other teams across M&G Finance.
• Ad hoc tasks and participation in ad hoc projects to support continuous improvement and process enhancement

Knowledge & Skills

• Highly analytical and ability to use intuitive reasoning to solve problems.
• Strong system skills and ability to analyse complex data.
• Ability to understand data transformation and mapping solutions and support their maintenance.
• Ability to communicate complex topics with other stakeholders.
• Excellent attention to detail.
• Maintain own professional competence.
• Ability to build strong reliable relationships of trust with internal and external stakeholders.
• Ability to work to tight deadlines.
• Should be comfortable working as part of a team and capable of managing tasks independently.
• Strong interest in automation and process improvements.
• Ability to quickly adapt to new and evolving situations.

Experience

• Knowledge of Finance systems and data.
• Knowledge and experience in analysing and interpreting Insurance financial results both on a UK GAAP and IFRS basis.
• Proficient in the use of MS Excel, Word, PowerPoint.
• Working knowledge of Oracle, Power BI and Tagetik an advantage.

Educational Qualification

Newly or part qualified actuarial (IFoA) or accounting qualification (e.g. CA, ACA, ACCA) preferred.

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.
• 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.
• Ou