• Competitive
  • Edinburgh, Scotland, United Kingdom
  • Permanent, Full time
  • M&G Prudential
  • 2019-04-18

Head of Investment Accounting

  • Full time
  • Edinburgh, Scotland, United Kingdom
  • 18 Apr 19

Head of Investment Accounting

Working with M&G Prudential as a Head of Investment Accounting means becoming part of a brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.

The forthcoming planned de-merger of M&G Prudential from the Prudential Group PLC provides a terrific opportunity to create a truly international and integrated savings and investments firm. A firm built on a rich and long history and with a commitment to an innovative future centred on the needs of customers and clients. There is a genuine opportunity to drive competitive advantage with value creation through the formation of this new organisation.

If you're inspired to join us, and have the necessary qualities, then this could be the opportunity you've been looking for.

The Head of Investment Accounting will lead a new Investment Accounting Centre of Excellence, managing three separate areas responsible for Unit Linked, Unit Trust and OEIC Book Management, Asset Data Reporting and Investment Reporting and Control.

The Investment Accounting (IA) function is ultimately responsible for all major asset class investment accounting data used in the production of Finance, Actuarial and Regulatory Reporting for the M&G Prudential Business, accounting for over £200bn of investment assets.

The teams within IA will interact with a wide range of stakeholders and data suppliers both within M&G Prudential and externally, including Third Party Administrators, Fund Managers, Custodians. The role requires excellent people management and influencing skills, wide ranging knowledge of Investment Accounting processes and regulatory requirements including Solvency II and IFRS. Candidates will have experience of managing third parties and influencing at a senior level.

Key responsibilities of this role:
  • Lead and inspire the Investment Accounting team to deliver outstanding results
  • Develop and implement a strong operational risk and control environment
  • Report accurate Investment Accounting numbers in line with the working day timetable
  • Lead a programme of continuous improvement and efficiency
  • Ensure Third Parties are delivering in accordance with defined service level agreements and evolving with our business
  • Work with stakeholders to ensure their current and future requirements are being met.

  • Professional Accounting or Actuarial Qualification and 10+ years related experience
  • Comprehensive knowledge of life and pensions products, markets and competitors
  • Detailed knowledge of financial services regulatory and legislative frameworks
  • Significant experience of Financial Services industry, exceptional service delivery and able to demonstrate the execution of treating customers fairly (TCF) principles
  • Significant experience of financial accounting and unit linked fund reporting /controls and oversight
  • Extensive experience of establishing optimal standardisation of technology and processes
  • Proven track record of delivering business transformation and process efficiencies
  • Significant experience of developing creative solutions, facilitating knowledge management and agreements among stakeholders
  • Experience of recommending management control structure improvements and guiding the development of operating model and process updates
  • A reputation for promoting and evolving risk management techniques with a strategic outlook to survey beyond the identified risks to the wider implications of recommendations
  • Superior leadership and influencing skills with demonstrable ability to effect senior management decision making
  • Ability to effectively and proactively manage third party relationships
  • Outstanding communication skills with a flair for articulating a vision to gain support, motivate others, and build a sense of shared purpose
  • Experience of managing teams across multiple locations and/or virtual teams and responsibility for managing operational/transformational budgets
  • Ability to balance technical excellence and commerciality when exercising judgement.
  • A talent for delivering high quality, accurate and controlled outputs to strict deadlines
  • Be a solutions oriented individual with analytical skills suited to problem resolution
People who work at M&G Prudential agree that ours is a great place to work with a brilliant team spirit. It's also an innovative, high-performing, commercial environment that's totally focused on customers. As an M&G Prudential colleague you'll get all the support you'd expect, including full training and professional development. You'll receive a competitive salary and reward package. And in a fast-changing world, you'll join an organisation that's leading the way in helping customers achieve their long-term financial goals.

M&G Prudential is committed to a diverse and inclusive workplace. Our role as an employer is very simple - to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.

We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.

Recruiter: Hannah Macmillan
Location: Edinburgh/London/Stirling