Senior Manager, Annuity Reporting Accountant

Posted 3 Days Ago
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Mumbai, Maharashtra, IND
In-Office
Senior level
Fintech • Financial Services
The Role
Own end-to-end accounting and reporting for an annuity product, including journals, reconciliations, disclosures, management information, controls, and balance sheet substantiation. Translate product and actuarial changes into accounting requirements, support testing and implementation, resolve data breaks, maintain documentation, and partner with business and technology teams to improve sustainable processes and escalate risks.
Summary Generated by Built In

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.


·         Own the end-to-end accounting and reporting requirements for the allocated product, from source data through journals, reconciliations, disclosures and management information.

·         Translate product design, actuarial outputs and operating model changes into clear accounting requirements, process maps, controls and delivery plans.

·         Prepare and review reporting outputs, balance sheet substantiation and supporting analysis in line with the agreed reporting timetable.

·         Design and operate reconciliations between administration, investment, actuarial and general ledger data, investigating and resolving breaks promptly.

·         Support testing, dress rehearsals, implementation and post-launch stabilisation, with clear defect, issue and decision tracking.

·         Maintain robust documentation, including accounting papers, procedures, control evidence, data lineage and handover materials.

·         Partner with business and technology teams to reduce manual intervention and embed sustainable business-as-usual processes.

Escalate material risks, control weaknesses, data quality issues and delivery dependencies through the agreed governance routes


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.

M&G Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&G and has not been reviewed or approved by M&G.

  • Retirement Support — Pension support in the UK is presented as notably generous versus typical market norms and is positioned as a core part of total reward. Formal materials also highlight share plans and financial‑wellbeing tools alongside pension value.
  • Leave & Time Off Breadth — Annual leave in the UK is described as substantially above statutory norms with the option to purchase additional days. Additional flexibility is referenced through policies such as “Time Off When You Need It.”
  • Parental & Family Support — Parental policies (e.g., “Inspiring Families”) are characterized as extensive, including long fully paid leave and phased return‑to‑work support. External recognition is cited as reinforcing family support as a distinctive element of the package.

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The Company
HQ: London
2,729 Employees

What We Do

M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.

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