At a Glance
- Tasks: Lead the Reporting Analysis team and oversee financial reporting for insurance entities.
- Company: Join M&G plc, a leader in savings and investments with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and comprehensive health cover.
- Other info: M&G values diversity and offers flexible working arrangements to support all employees.
- Why this job: Make a real impact in a dynamic environment while developing your leadership skills.
- Qualifications: Must have an accounting qualification and experience in Life Insurance financial analysis.
The predicted salary is between 80000 - 100000 £ per year.
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.
- 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.
- 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.
- An accounting qualification (e.g. CA, ACA, ACCA) necessary.
At M&G, we're committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
- 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
- Market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. 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. M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com
Head of Insurance Analysis - M&G plc. in Stirling employer: M&G plc
M&G plc is an exceptional employer that prioritises employee wellbeing and professional growth, offering a generous benefits package including an 18% pension scheme, 38 days of annual leave, and comprehensive family support policies. Our inclusive work culture fosters innovation and collaboration, ensuring that every team member has the resources and opportunities to thrive in their role while contributing to our mission of providing confidence in financial solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance Analysis - M&G plc. in Stirling
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at M&G.
✨Tip Number 2
Prepare for interviews by researching M&G’s values and recent developments. Tailor your responses to show how your experience aligns with their mission of providing confidence in savings and investments. We want to see that you’re genuinely interested in what we do!
✨Tip Number 3
Practice your interview skills with a friend or mentor. Focus on articulating your experience in financial analysis and team management clearly. The more comfortable you are discussing your background, the better you’ll come across during the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and serious about joining our team at M&G.
We think you need these skills to ace Head of Insurance Analysis - M&G plc. in Stirling
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Head of Insurance Analysis role. Highlight your experience in financial analysis, especially under IFRS and Solvency II, and show how your skills align with M&G's mission.
Showcase Your Leadership Skills:Since this role involves managing a team, don’t forget to emphasise your leadership experience. Share examples of how you've inspired teams and driven performance in complex financial environments.
Be Detail-Oriented:Attention to detail is key in this position. When writing your application, ensure there are no typos or errors. This reflects your ability to maintain high standards in financial reporting and analysis.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at M&G plc
✨Know Your Numbers
As the Head of Insurance Analysis, you'll need to demonstrate a strong grasp of financial metrics. Brush up on IFRS, UK GAAP, and Solvency II standards. Be ready to discuss how you've used these frameworks in past roles to drive results.
✨Showcase Your Leadership Skills
This role requires managing a team effectively. Prepare examples of how you've led teams in complex financial environments. Highlight your ability to inspire and develop talent, as well as how you’ve navigated challenges in team dynamics.
✨Understand the Regulatory Landscape
M&G operates within a constantly evolving regulatory framework. Familiarise yourself with recent changes in regulations affecting the insurance sector. Be prepared to discuss how you would ensure compliance and manage risks in your analysis.
✨Build Relationships
Strong interpersonal skills are key for this position. Think about how you've built relationships across different levels of an organisation. Be ready to share strategies for influencing stakeholders and collaborating with various teams to achieve common goals.