At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.
We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles.
What you can expect from us: We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best
How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.
The Role: M&G Plc is creating a unified Finance function to help manage the merger of the two businesses and the de-merger from the Prudential Group; creating a dynamic and well controlled Finance function for the future.
M&G Plc is required to produce consolidated IFRS financial statements and Group Solvency 2 reporting. The Senior Technical Accountant is responsible for contributing to the Group accounting policies and provision of advice to the business on IFRS accounting and S2 reporting treatment for initiatives such as new products and transactions. It is an exciting opportunity for an accountant who enjoys complex problem solving to be involved in establishing the basis for financial reporting for a new listed group.
We are currently recruiting for a permanent Senior Technical Accountant and the location for this role is flexible.
Key Work Level Accountabilities:
Manager or Expert:
For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
Manages conflicts that may impact delivery
Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
Identifies and anticipates need for changes to continuously improve quality and efficiency of output
Manages resources and risks using expert judgment, know-how and experience
Key Responsibilities for this role:
To provide advice on the treatment under IFRS and Solvency 2 reporting for proposed initiatives including new products and transactions
To analyse the impact of new accounting standards on the Group results and provide technical accounting support to the implementation
Production of IFRS and Solvency 2 reporting technical analyses as directed by the Group Technical Accounting Manager
Support the preparation of the Group IFRS financial statements, including ownership of a number of notes to the accounts, produced to auditable standards
Ensure sections of the Group Accounting Manual and associated Group accounting policies allocated to the role holder are maintained and communicated across M&G Plc's finance effectively
To support the delivery of initiatives required as part of the demerger project to ensure Group reporting processes meet all reporting and control requirements of a newly listed plc
To liaise with the external auditors on IFRS and Solvency 2 reporting technical matters ensuring a timely resolution is reached
To maintain effective working relationships with other teams in M&G Plc Finance ensuring that Group technical accounting needs are communicated, understood and met
Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customer outcomes and a reduction in M&G Prudential's operational risk
Key Knowledge, Skills & Experience:
You will need:
To be a Qualified Accountant with some post qualification experience
Detailed knowledge of IFRS and Solvency 2 reporting requirements
Detailed knowledge of financial reporting regulatory requirements and legislatory frameworks
Experience of dealing with complex transactions and associated accounting
Strong knowledge of industry trends, best practice and developments, good networks / links with external bodies and individuals in the same field
Significant experience of working in a technical accounting team
Experience of insurance accounting, including requirements of UKGAAP and IFRS
The ability to distil complex ideas, problems or requirements into simple, effective plans and solutions
To be comfortable managing tensions and conflicts to achieve outcomes that work for all parties.
Recruiter Name: Emma Pryde Work Level: Manager or Expert Closing Date: 14th April 2021
We live by four behaviours at M&G and we ask all our employees to:
Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things