Head of Group Consolidation

Job Description

At M&G our vision is: to become the best loved and most successful savings and investment business and were looking for people who are excited about joining us on our journey. Were digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers.To help us achieve our vision were looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality,disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectivelydeliver in your role. What you can expect from us:We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualifiedprofessionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support. The Role: An exciting opportunity has arisen for the role of Head of Group Consolidation at M&G plc. This is a senior position with responsibility for the production of all Group-level IFRS and Solvency II consolidations and ensuring the Group meets its external reportingrequirements. The Group consolidation team comprises a number of qualified accountants and analysts, with 2 direct reports. This role will suit someone who has extensive consolidation and reporting experience, ideally within a listed company. Key Responsibilities:

• To lead the Group consolidation for the production of consolidated IFRS financial statements
• To lead the Group consolidation for the production of Group Solvency 2 quarterly and annual QRTs
• Ownership of the Group consolidation system and change processes (currently HFM but transitioning to Tagetik in 2023)
• Ensure changes arising from regulatory or accounting standard changes are implemented in the consolidation and reporting solutions in a well-controlled manner
• Work closely with the Head of Group Reporting in ensuring overall delivery of the Group Annual Report and Accounts, Preliminary announcement and Interim Report
• To lead or support the delivery of finance change projects that impact on the consolidation process
• Support the on-boarding of newly acquired businesses
• To lead the M&G Group level response to requests from regulatory bodies and analysts
• Own the Group Auditor Independence Policy and its application across the Group
• To lead or support the delivery of finance change projects that impact on the Group reporting process
• To liaise with the external auditors, recently transitioned to PwC, ensuring that timescales are communicated and agreed and the auditors requirements are met to ensure timely completion of their work
• To maintain effective working relationships with other teams in M&G plc finance ensuring that Group consolidation needs are communicated, understood and met
• To lead the Group consolidation team ensuring a culture of effective performance management is embedded
• Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customer outcomes and a reduction in M&G plcs operational risk

You will have:

• Experience of financial leadership within complex, global financial services businesses, some specific life and pensions and/or asset management knowledge is essential
• Detailed knowledge of financial reporting regulatory requirements and legislatory frameworks
• Knowledge of M&G plcs products, systems and distribution methods
• Good knowledge of industry trends, best practice and developments, good networks / links with external bodies and individuals in the same field

Experience Required:

• Significant experience of leading the production and delivery of complex consolidation processes, ideally in a life and pensions organisation
• Experience of delivering listed-entity reporting
• Experience of leading teams and of providing leadership to technical specialists
• Significant experience of insurance accounting, including requirements of UKGAAP and IFRS
• IFRS17 knowledge would be beneficial

Qualifications:

• Qualified accountant with significant post qualification experience

Recruiter: Matt Campbell Work Level: Integration Leader Close Date: Tues 27th September We live by four behaviours at M&G and we ask all our employees to:

Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed

Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas

Deliver Results - Focus on outcomes, set high standards and deliver with energy and determinationKeep it Simple - Cut through complexity and bureaucracy, be