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M&G

Assistant Vice President - Finance Consolidation

Reposted 3 Days Ago
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In-Office
Mumbai, Maharashtra, IND
Senior level
In-Office
Mumbai, Maharashtra, IND
Senior level
The role involves overseeing financial consolidation, providing expert advice on accounting standards, managing teams, and ensuring compliance with IFRS standards. Responsibilities include stakeholder management, reviewing deliverables, and improving processes within the finance team.
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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.

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

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.

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