VP - Finance Consolidation

Prudential Distribution Ltd; Mumbai; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

M&G India in Mumbai is seeking an experienced Finance professional for consolidation and reporting within the investment management group. You will apply UK GAAP/IFRS, manage a team, and collaborate with auditors and fund teams to ensure accurate group reporting.

The role requires CA with 14+ years of consolidation experience in the investment industry, strong communication, and ability to lead cross-functional initiatives, while maintaining internal controls and SOX awareness.

Qualifications

• CA with 14+ years consolidation experience in the investment industry.
• Strong knowledge of IFRS and UK GAAP.
• Experience in consolidations with funds/investments.
• Excellent communication and stakeholder engagement.

Responsibilities

• Provide expert accounting advice and interpret standards for consolidation and business requirements.
• People management, resource planning, issue and stakeholder management.
• Plan and conduct high-level reviews; support UK counterparts; present technical papers.
• Liaise with auditors, fund teams, third-party accountants, and other divisions; participate in cross-functional teams.
• Own process and control improvements and ensure best practices are in the team.
• Review and sign off Consolidated funds reporting under IFRS; ADS reporting; sign-off with Group Head Office.
• Ensure compliance with IFRS and support new accounting standards; contribute to finance change projects.

Skills

Communication

Leadership

Technical accounting

IFRS/UKGAAP

SOX control

Problem solving

Time management

Interpersonal skills

Stakeholder liaison

Education

CA with 14+ years consolidation experience

Job description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About 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.

Primary Key Responsibilities (Top 3-5 KRA)

- Assume responsibility for providing expert advice and services by applying judgements, utilising specialist knowledge and subject matter expertise for the interpretation and implementation of accounting standards and business requirements.
- People management, resource planning, issue management and stakeholder management.
- Engage in planning and conducting high-level reviews of deliverables, support UK counterparts, present technical papers in forums, and take ownership of the overall team and process.
- Foster strong relationships and liaise effectively with auditors, fund teams, third-party accountants, and other divisions within the M&G business, while actively participating in working groups and cross-functional teams (CFTs).
- Own process and control enhancements while ensuring best practices are implemented in the team

Additional Responsibilities :

- Maintain a good relationship and liaise with the Auditors, fund teams, third party accountants and other parts of the M&G business, participation in working groups and CFTs
- Review and sign off of the Consolidated funds reporting under IFRS and associated workbooks, for submission to M&G Group Head Office and ensuring any other consolidation requirements are met.
- Review and sign off of ADS reporting for submission to M&G Group Head Office.
- Review and present analytical reviews for the sign off with Head of finance/Group Reporting Director
- Review and present technical papers for IFRS 10 assessments on investment made by certain funds and ensuring that the correct investments are valued.
- Liaise with the external auditors, ensuring that timescales are communicated and agreed and the auditors’ requirements are met to ensure timely completion of their work
- Ensure compliance with current IFRS
- Support the implementation of new accounting standards and contribute to the delivery of other finance change projects supporting programmes with detailed accounting requirements and impact analysis
- Review and development of processes and procedures to accommodate business changes.
- Supporting continuous improvement through routine and bespoke analyses
- Plan and schedule work to meet deliverable time lines
- Maintain effective working relationships with other teams across M&G Finance, TPAs ensuring that Group reporting needs are communicated, understood and met
- Ensure that training and development needs of team members are identified and any best practices and trainings are picked up and co-ordinated with L&D
- Design and implement early warning system to prevent/control attrition
- Demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise

Key Stakeholder Management

Internal

Group Reporting team

Finance Teams within the M&G Business

Project Support Teams

External

Third party administrators/data providers

Auditors

Local entity finance teams

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills (Must Have) :

- Confidence & excellent communication
- Ability to communicate at all levels within the organisation & externally.
- Good technical accounting and taxation knowledge, including UKGAAP/ IFRS.
- Good understanding of the business and the external financial environment in which it operates.
- Good understanding of monitoring a SOX control environment
- Problem Solving and Decision Making Skills
- Time Management and Workload Planning Skills
- Good interpersonal skills.

Experience & Educational Qualification:

Qualified and experience CA with 14+ years of experience in consolidation with investment industry background

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.