Head of Insurance Analysis

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. Through 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. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

Responsibilities

• Overall management and oversight of the entire Reporting Analysis team covering IFRS, UK GAAP, Capital generation and Solvency II results analysis for regulated insurance entities, providing leadership and direction.
• Overall responsibility for oversight, review and challenge of the analysis of profit/ analysis of change for all insurance regulated entities and the commentary to the Board.
• Overall responsibility for the high quality analysis and review of the insurance regulated entities contribution to IFRS Group results ensuring all reporting and disclosure requirements are met.
• Ensure compliance of results produced with latest applicable accounting and actuarial standards and regulations and M&G's application of this in its methodology.
• Responsible for analysis of any financial reporting results and associated MI to support regulated insurance entity reporting including liaison with Investor Relations.
• Management and oversight of the Insurance Reporting Analysis team, ensuring that Reporting Analysis team members have appropriate skills, technology, training and experience to enable the team to fulfil their roles and to continue to develop and grow along with the business.
• Responsible for ensuring internal controls are effective, compliant, and timely with applicable standards and regulations including quarterly attestation of the RCSA and Internal Controls Framework ensuring effectiveness, timeliness and completeness.
• Manage and support external audit process for areas of responsibility, addressing specific audit queries raised, supporting the development of statutory audit committee reports and demonstrating influence in these interactions.
• Support regulated insurance entity board and audit committee financial reporting production.
• Keep up to date with the latest accounting and regulatory developments.
• Provide support to business growth or developmental initiatives.

Knowledge & Skills

• An ability to interpret financial information to identify key issues based on this information and to put in place appropriate controls and measures to respond to business and regulatory requirements.
• An ability to identify, assess, monitor, control and mitigate financial risks to the insurance business unit and the Group.
• Experience of managing a team of a large, complex financial services/insurance business and manage performance effectively.
• An ability to assess the effectiveness of the arrangements to deliver effective governance, oversight, risk management and a robust control environment across the finance function and the wider business.
• An awareness and understanding of the evolving regulatory framework in which M&G plc operates.
• Possess both a strong attention to detail and a bigger picture mind set.
• Ability to build strong relationships at all levels across the business, flex interpersonal style accordingly and influence others effectively.
• Inspirational manager capable of maintaining a high performing team.
• Openness to innovation and to encourage creativity in the team.
• Ability to quickly adapt to new and evolving situations.

Experience

• Highly experienced in Life Insurance financial analysis under IFRS, Solvency II including capital generation and UK GAAP.
• Strong understanding of with profits product complexities.
• Excellent technical knowledge, with strong attention to detail.
• Ensures successful implementation of defined strategy and owns end to end analysis processes.
• Balances competing requirements to deliver a balanced set of results, resolving significant or priority conflicts.
• Drives incremental and transformational change in response to experience of business needs and manage continuous improvements in processes and outputs.
• Proficient in the use of MS Excel, Word, PowerPoint.

Educational Qualification

• An accounting qualification (e.g. CA, ACA, ACCA) necessary.

What we offer

As a savings and investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to give you real confidence to put your money to work. Enjoy 38 days annual leave including.