Job Description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About 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.

• Responsible for the accurate financial reporting of the balance sheet/ income statement (both on a Group and local statutory basis) to ensure compliance with accounting standards (UK GAAP, IFRS) and local regulatory requirements (Solvency II) and maintain the balance sheet/ income statement accounts in the statutory ledgers for the assigned M&G Insurance entities
• Perform the quarterly GL close and reconciliations of assets and liabilities/ movements of revenue and expenses to ensure accuracy and completeness of Balance Sheet / Income statement
• Prepare all workings for input into Tagetik for disclosures purposes ensuring compliance with reporting requirements
• Conduct detailed analysis of charges and expenses for the Unit -Linked business at product level
• Prepare all Solvency II workings for input into Tagetik and ensuring compliance with Solvency II reporting requirements (i.e. quarterly and annual quantitative reporting templates (QRTs) for Solvency II Balance sheet, Assets and Own Funds and Premiums, claims and expenses)
• Support the resolution of validation errors into the consolidation tool
• Facilitate late adjustment process and work with Finance Operations to meet tight deadlines
• Ensure compliance with current accounting standards and Insurance procedures to maintain a robust financial control regime
• Support the implementation of new accounting standards and delivery of other finance change projects including ad hoc projects to support continuous improvements and process enhancements
• Internal and external audit support for areas of responsibility
• Collaborate effectively with colleagues & maintain effective working relationships with other teams across M&G Finance, ensuring that insurance reporting needs are communicated, understood and met

We have a diverse workforce and an inclusive culture at M&G Global Services, 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.