Insurance Analyst
At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.
Role Summary:
The Insurance Reporting team at M&G includes the Insurance Analysis team, which is responsible for the analysis of Financial Statements for M&G Insurance Reporting. The reporting team has responsibility for the financial, statutory and regulatory reporting.
A vacancy has arisen to join the Insurance Analysis team. The role covers a broad range of responsibilities but in the short term will focus on embedding the process for statutory liquidity reporting including formalising the process, controls and governance within BAU. Longer term the role will evolve to include all aspects of insurance analysis including IFRS and UKGAAP reporting bases.
Accountabilities / Responsibilities:
Knowledge & Skills:
Experience:
Educational Qualification:
What we offer:
We're dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life , and financially plan for the future. Our UK benefits include:
To explore more about life at M&G and our full benefits offering, visit Life at M&G
At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds - across gender, ethnicity, age, disability, sexual orientation and more - including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com
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 offer workplace adjustments to ensure you have the support you need to succeed in your role.
Role Summary:
The Insurance Reporting team at M&G includes the Insurance Analysis team, which is responsible for the analysis of Financial Statements for M&G Insurance Reporting. The reporting team has responsibility for the financial, statutory and regulatory reporting.
A vacancy has arisen to join the Insurance Analysis team. The role covers a broad range of responsibilities but in the short term will focus on embedding the process for statutory liquidity reporting including formalising the process, controls and governance within BAU. Longer term the role will evolve to include all aspects of insurance analysis including IFRS and UKGAAP reporting bases.
Accountabilities / Responsibilities:
- Support the monitoring of data provision, transformation, and governance for regulatory Liquidity reporting in required timescales.
- Support embedding the regulatory Liquidity reporting within the BAU processes.
- Support developing and agreeing the key controls and governance process required for senior management to sign off regulatory liquidity reporting on a monthly basis.
- Support transitioning the liquidity reporting work to the relevant BAU teams once it is embedded.
- Analysis and challenge of the regulated insurance entities Statutory results on a UK GAAP basis ensuring completeness, accuracy and compliance with reporting requirements and produce commentary on the results for the statutory board reports.
- Analysis and challenge of the regulated insurance entities contribution to Group on an IFRS basis ensuring completeness, accuracy and compliance with reporting requirements and produce commentary on the results for Group board reports.
- Support the Insurance Reporting Production team to produce and finalise the UK GAAP results and the insurance entities contribution to Group on an IFRS.
- Collaborate with actuaries and accountants within the Insurance Analysis team.
- Support implementation of new reporting standards and delivery of other finance change projects
- Support audits of the regulated insurance entity results and accounts.
- Support and deliver other finance change projects.
- Collaborate effectively with colleagues and maintain effective working relationships with other teams across M&G Finance.
- Ad hoc tasks and participation in ad hoc projects to support continuous improvement and process enhancement
Knowledge & Skills:
- Highly analytical and ability to use intuitive reasoning to solve problems.
- Strong system skills and ability to analyse complex data.
- Ability to understand data transformation and mapping solutions and support their maintenance.
- Ability to communicate complex topics with other stakeholders.
- Excellent attention to detail.
- Maintain own professional competence.
- Ability to build strong reliable relationships of trust with internal and external stakeholders.
- Ability to work to tight deadlines.
- Should be comfortable working as part of a team and capable of managing tasks independently.
- Strong interest in automation and process improvements.
- Ability to quickly adapt to new and evolving situations.
Experience:
- Knowledge of Finance systems and data.
- Knowledge and experience in analysing and interpreting Insurance financial results both on a UK GAAP and IFRS basis.
- Proficient in the use of MS Excel, Word, PowerPoint.
- Working knowledge of Oracle, Power BI and Tagetik an advantage.
Educational Qualification:
- Newly or part qualified actuarial (IFoA) or accounting qualification (e.g. CA, ACA, ACCA) preferred.
What we offer:
We're dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life , and financially plan for the future. Our UK benefits include:
- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
- Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
- Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
- Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.
To explore more about life at M&G and our full benefits offering, visit Life at M&G
At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds - across gender, ethnicity, age, disability, sexual orientation and more - including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com
Job ID R19945
M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutio...
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