Group Technical Accountant

Recruiter
M&G plc.
Location
Edinburgh, United Kingdom
Salary
Competitive
Posted
23 Jun 2022
Closes
23 Jul 2022
Ref
15549566
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're 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 we're 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 effectively deliver 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 qualified professionals 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.

Role Context:

M&G plc Group Finance are a well controlled Finance function which support the external reporting for the listed Group
M&G plc is required to produce consolidated IFRS financial statements and Group Solvency 2 reporting. This role is responsible for contributing to the Group accounting policies and supporting the Head of Technical Reporting in the provision of advice to the business on IFRS accounting and S2 reporting treatment for initiatives such as new products and transactions. It is an exciting opportunity for an accountant who enjoys complex problem solving to be involved in establishing the basis for financial reporting for a diversified financial services Group.

Work Level Accountabilities:

Experienced Colleague

  • Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
  • For team leaders, accountable for ensuring the team the role supports is delivering a quality service or product
  • Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
  • Delivers outputs that are clearly defined, using discretion over how to achieve them
  • Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations

Role Responsibilities:

  • Support in technical analysis on the treatment under IFRS and Solvency 2 reporting for proposed initiatives including new products and transactions
  • To analyse the impact of new accounting standards on the Group results and provide technical accounting support to the implementation
  • Supporting IFRS technical analyses as directed by the Senior Group Technical Accountant and Head of Technical Reporting
  • Support the preparation of the Group IFRS financial statements, including ownership of a number of notes to the accounts, produced to auditable standards
  • Ensure sections of the Group Accounting Manual and associated Group accounting policies allocated to the role holder are maintained and communicated across M&G finance effectively
  • To liaise with the external auditors on IFRS and Solvency 2 reporting technical matters ensuring a timely resolution is reached
  • To maintain effective working relationships with other teams in M&G Finance ensuring that Group technical accounting needs are communicated, understood and met
  • Support with technical accounting analysis for new transactions and group reorganisations.
Key Knowledge, Skills and Experience:

  • Interest in and knowledge of IFRS and Solvency 2 reporting requirements
  • Knowledge of financial reporting regulatory requirements and legislatory frameworks
  • Knowledge of M&G Prudential products, systems and distribution methods
  • Interest in dealing with complex transactions and associated accounting
  • Experience of insurance accounting, including requirements of UKGAAP and IFRS
  • Qualified accountant or attempted final accounting exams

Work Level: Experienced Colleague
Recruiter: Matt Campbell
Close Date: 6th July 2022

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 determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

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