Head of PAC Management Reporting Head of PAC Management Reporting …

M&G plc.
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
M&G plc.
in Edinburgh, Scotland, United Kingdom
Permanent, Full time
Be the first to apply
Head of PAC Management Reporting
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.

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.

The Role:
The PAC Finance Reporting team within Finance is accountable for delivering on time and accurate financial results (statutory and regulatory) and disclosures across all reporting metrics for PAC and other insurance subsidiaries, which provide real business insights, quality assurance and technical advice. The team is also responsible for ensuring that our reporting evolves in line with regulatory and industry requirements.

The Head of PAC Management Reporting is responsible for all non-regulatory financial reporting with respect to PAC and its subsidaries, including information and analysis to support business decisions. They are responsible for leading the financial reporting contribution to the company's strategic initiatives, new product devleopments and capital management. In addition, they are responsible for the actuarial judgements required in respect of financial reporting, including the valuation methodology and assumptions.

Key Work Level Accountabilities:
Integration Leader:
  • Critical role in translating strategy into implementation plans, influences and contributes to the strategy
  • Ensures successful implementation of defined strategy
  • Typically leaders of teams, or technical roles will lead the provision of advice across an area of expertise
  • Balances competing requirements to deliver a balanced set of results, resolving significant or priority conflicts
  • Addresses problems with broad reaching ramifications, with a need to manage different parts of complex systems and link to the broader picture
  • Responsible for driving continuous improvement
  • Drives incremental and transformational change in response to experience of market and customer needs, typically leads the delivery of major programmes of work
  • Allocates resources optimally to deliver on strategy, prioritising conflicting resource demands, agendas and activities

Key Responsibilities for this role:
  • 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, customers outcomes and a reduction in M&G's operational risk.
  • Provision of informative, accurate and timely financial information to the business to support balance sheet management and business decisions
  • Lead the financial reporting contribution to the company's strategic initiatives, new product devleopments and capital management
  • Provide SME Finance Reporting support to the wider business
  • Develop analysis and reporting that supports the business ambitions
  • Own the production of PAC and PPL's SFCR and RSR
  • Lead and support the company's transformation ambitions with respect to financial reporting and more widely
  • Developing and leading a strong, high performing team who operate as trusted partners to the rest of the business
  • Managing the costs and forecast run rate of this team in line with agreed budgets
  • Applying the Control Framework for the team

Key Knowledge, Skills & Experience:
  • A Qualified Actuary with significant post qualification experience
  • Detailed knowledge, expertise and experience in financial reporting
  • Detailed understanding of the regulatory environment and the associated reporting
  • Strong knowledge of life and pensions products, markets and competitors
  • Detailed knowledge, expertise and experience in reporting - UK GAAP, IFRS and Solvency II.
  • Significant experience of leading technical and reporting teams to deliver under pressure and/or tight timescales
  • Adept at disseminating complex information to internal and external stakeholders.
  • Proven experience of reviewing and editing financial reports to ensure compliance with auditing and actuarial standards
  • Significant experience of using actuarial principles and tools, and leveraging them to monitor adherence plus highlight areas for improvements
  • A visible leader with a strong focus on execution and role models behaviours.

Work Level: Intergration Leader
Recruiter Name: Emma Pryde
Closing Date: 28th January 2021

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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