M&G India
M&G India | VP - Finance Consolidation
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Job Highlights
Responsibilities
- Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
- 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.
- Established in 2003, we have offices in Mumbai and Pune.
- 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
Requirements
- Ability to communicate at all levels within the organisation & externally.
- Good technical accounting and taxation knowledge, including UKGAAP/ IFRS.
- Good understanding of the business and the external financial environment in which it operates.
- Good understanding of monitoring a SOX control environment.
About the company
M&G plc
M&G traces its origins to 1931, when it launched one of the first unit trusts in the United Kingdom. It became a separate listed company in October 2019, when Prudential plc completed the demerger of M&G plc and its shares were admitted to the main market of the London Stock Exchange. The group is based in the UK and manages savings and investments for retail and institutional clients. In India it operates through M&G Global Services Private Limited, set up in 2003, with offices in Powai in Mumbai and Viman Nagar in Pune. The India unit works with colleagues worldwide on business transformation, digital capability and operations. M&G plc itself does not offer financial services in India.
Finance hiring is mainly in Mumbai, with one treasury-systems role in Pune. Postings cover fund accounting oversight for private and public assets, balance sheet accounting, bond reporting, finance consolidation, treasury support on Kyriba, investment compliance, leveraged finance research and private markets research. Seniority runs from manager to vice president and head of function. The consolidation roles ask for a qualified CA with investment-industry experience (six years for one role and fourteen for the senior one), while others prefer CFA, CA, MBA Finance or FRM.
