Description
We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.
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.
M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G's ambition to be the best loved and most successful savings and investments company in the world.
Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of 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.
Accountabilities/Responsibilities - Lead the production of statutory financial statements under UK GAAP and associated workbooks.
- Review and maintain the statutory ledgers and sub ledgers for the assigned entities, including month end processes and related management accounts. Includes investment accounting, derivative accounting, pension schemes, intercompany and cost recharges, lease accounting, subordinated debt accounting, dividends and share activities
- Maintenance of central companies control environment, including documentation and relevant controls operation of the local ledgers
- Production and review of reporting packs for inclusion in Group IFRS and SII reporting
- Support governance activities, including the preparation of Board packs and other papers required for Company Boards, Treasury ExCo and Valuations and Technical Accounting forum for
- Day-to-day ownership of relationship with External Auditors and Group Reporting and other Finance teams
- Monitor forecasts for M&G Central companies liquidity and cash flow requirements;
- Conduct accounting research and lead the resolution of technical accounting issues.
- Liaise with the relevant counterparts on the business side, and tax teams including the support of the preparation of the corporate tax and VAT returns.
- Prepare management information and ad-hoc reports to senior management.
- Support and contribute to, delivery of Finance Change projects, including the implementation of new accounting standards
- Supporting continuous improvement through routine and bespoke analyses and ad hoc projects including technology, process improvement, and new business integration.
- Work collaboratively with team to plan and schedule work to meet deliverable timelines
- Maintain effective working relationships with other teams across M&G Finance and other parts of the business, ensuring that stakeholder needs are communicated, understood and met
Key Stakeholder Management Internal - Treasury Operations
- Group Reporting teams
- Peers across Mumbai Finance
- Change team
External - External auditors
- Relevant regulators
Knowledge, Skills, Experience & Educational Qualification Knowledge & Skills: - Excellent planning and organisational skills with ability to work to tight deadlines.
- Excellent analytical skills and attention to detail.
- Strong written and verbal communication skills.
- Ability to build strong and reliable relationships of trust with internal and external stakeholders.
- Able to use intuitive reasoning to solve problems.
- Maintain own professional competence.
- Have strong technical ability.
- 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, expertise and experience of the production and delivery of internal and external financial reporting in a Financial Services organisation
- Excellent knowledge of UK Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and local regulatory reporting standards
- Experience of complex accounting including for financial instruments, cost-recharges, leases and investments.
- Proficient in the use of MS Excel, Word, PowerPoint.
- Working knowledge of SUN, Tagetik, Oracle ERP and Power BI an advantage.
Educational Qualification: - Qualified accountant, with 8-10 years of relevant post-qualification experience
M&G Behaviours relevant to all roles: Tell it like it is : Respectfully speaking up to create better ways forward- both direct and empathetic
Own it now: Putting your name on things with confidence to drive progress and result quickly
Move it Forward Together: Forming cross- functional teams to seize the right opportunities and solve real problems
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.
