Senior Manager - Ledger Close Production Accountant

We are MG Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the MG plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At MG our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

MG Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in MG plc s ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI Insights), Business Transformation, Management Consulting Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of 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.

• Conduct the ledger close process in accordance with UK GAAP principles ensuring accurate and timely recording of transactions related to premiums, claims, expenses, bank and accounts payables
• Collate data from various sources and perform reconciliations to validate the completeness and accuracy of the data in the statutory ledger and investigate and resolve any differences
• Produce any balance sheet reconciliations/calculations to support manual journals and prepare and post journal entries into the statutory ledgers
• Conduct thorough account reconciliations to ensure consistency and correctness of financial data
• Generate premium, claims and commissions reports for use by other teams across MG
• Calculate monthly accruals and make quarterly payments
• Perform analysis of monthly movements and analyse significant movements
• Adhere with current accounting standards and Insurance procedures to maintain a robust financial control regime
• Provide support to external audit process for areas of responsibility

Key Stakeholder Management

Internal

• Balance Sheet production team
• Finance Operation, Core actuarial team, etc.
• Change/Development team
• Internal audit team
• Finance Technology team

External

• External auditors
• External data suppliers
• Third party system administrators

Knowledge, Skills, Experience Educational Qualification

Knowledge Skills:

• Working understanding of UK GAAP and IFRS accounting principles.
• Knowledge of Solvency is advantageous
• Ability to meticulously review financial data and identify discrepancies to ensure accuracy in reporting
• Proficiency in analysing financial data and performing reconciliations
• Ability to manage multiple responsibilities effectively and ensure tight deadlines are met
• Ability to communicate issues and discrepancies to senior stakeholders
• Ability to identity issues and develop solutions efficiently
• Adept at collaborating with team members and contribute to a team-oriented environment

Experience:

• Previous experience in a Finance Operations function for a Life Insurer.
• Competence in using Oracle, financial reporting tools and advanced Excel skills for data analysis and reporting.

Educational Qualification:

• Chartered accountant qualification (CA) or the equivalent.

MG Behaviours relevant to all roles:

Tell it like it is: Respectfully speaking up to create better ways forward - both direct and empathetic

Own it now: Putting on things with confidence to drive progress and results quickly

Move it Forward Together: Forming cross-functional teams to seize the right opportunities and solve real problems.

We have a diverse workforce and an inclusive culture at MG 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.