Head of Accounting Projects - 12 month Fixed Term Contract Head of Accounting Projects - 12 month Fixed Term  …

M&G plc.
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
M&G plc.
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
Head of Accounting Projects - 12 month Fixed Term Contract
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:

The PAC Finance Reporting team within Finance is accountable for delivering on time and accurate financial results (statutory and regulatory) and disclosures across all reporting metrics for PAC and other insurance subsidiaries, which provide real business insights, quality assurance and technical advice. The team is also responsible for ensuring that our reporting evolves in line with regulatory and industry requirements.

The Head of Accounting is the custodian of the General Ledger. This team will perform all reporting accounting processes for the insurance subsidiaries as well as maintenance of the relevant accounting systems and supporting tools.

The Head of Accounting is responsible for leading the consolidation of the IFRS balance sheet and reporting and the Solvency II balance sheet for the insurance subsidiaries, the completion of the PAC and PPL report and accounts, and the production of the associated Solvency II reporting. This role will be responsible for ensuring all results and reporting is accurate, well controlled and compliant with the relevant regulations, standards and policies.

This is a 12 month Fixed Term Contract opportunity.

Key Work Level Accountabilities:
Integration Leader:
  • Critical role in translating strategy into implementation plans, influences and contributes to the strategy
  • Ensures successful implementation of defined strategy
  • Typically leaders of teams, or technical roles will lead the provision of advice across an area of expertise
  • Balances competing requirements to deliver a balanced set of results, resolving significant or priority conflicts
  • Addresses problems with broad reaching ramifications, with a need to manage different parts of complex systems and link to the broader picture
  • Responsible for driving continuous improvement
  • Drives incremental and transformational change in response to experience of market and customer needs, typically leads the delivery of major programmes of work
  • Allocates resources optimally to deliver on strategy, prioritising conflicting resource demands, agendas and activities

Key Responsibilities for this role:
  • 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, customers outcomes and a reduction in M&G's operational risk
  • Owner of the General Ledger, including implementation and management of a service arrangement with Finance Operations who will operate the GL on a day-to-day basis
  • Production and sign-off of the quarterly HFM reporting packs to required standards (including TB, disclosure data and other required information)
  • Provide commentary on non-linked assets and movement to support the P&L process in the actuarial valuation and financial reporting teams
  • Provide commentary on the overall IFRS Balance Sheet and Income Statement (e.g. other non-financial assets movements, other non-policyholder liabilities movements, expenses etc.)
  • Consolidate IFRS, Solvency II (and other metrics as applicable) balance sheets and IFRS results for PAC and its subsidiaries
  • Produce PAC and PPL Report and Accounts. Coordinate accounting aspects of QRT and other regulatory reporting for PAC and PPL
  • Drive continuous improvement by encouraging others to innovate, seeking out and acting on the opportunities
  • Lead and support the company's transformation ambitions with respect to PAC accounting
  • Responsible for managing the costs and forecast run rate of this team in light of the cost challenges of the business.

Key Knowledge, Skills & Experience:
  • A Qualified Accountant with significant experience of leading accounting production and reporting teams
  • Detailed understanding of the regulatory environment and the associated reporting
  • Detailed level knowledge of life and pensions products, markets and competitors.
  • Detailed knowledge, expertise and experience in reporting - UK GAAP, IFRS and Solvency II
  • Ability to lead through change
  • Significant experience of making decisions based on the financial information provided and seeking additional information where required
  • Significant experience of using knowledge of the external environment to shape thinking internally
  • Significant experience of reviewing and editing financial reports to ensure compliance with auditing and accounting standards
  • A visible leader with a strong focus on execution and role models behaviours

Work Level: Integration Leader
Recruiter Name: Emma Pryde
Closing Date: 28th January 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
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