business manager Edinburgh, Scotland
M&G plc
Full Time
Edinburgh, Scotland
68155 - 51970 GBP ANNUAL Today
Job description
At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities. To help us achieve our vision we’re looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Context:
M&G have created a business segment, with responsibility for managing the Heritage business of the group. This relates to the closed back book of life insurance products, with AUM of c.100bn and c.5m policies. The Heritage Finance team partners with the leadership team of the Heritage business, and help achieve commercial objectives.
A key objective of the team will be to ensure all necessary reporting is identified and produced, that the Heritage leadership team understand the financial plans and actions expected of them to deliver this, and subsequently to support and challenge in the delivery of these plans. This will include the establishment of a Life Insurance operating model that delivers on the Heritage unit cost targets by 2026.
This role will business partner the Customer Operations, Planning and Performance and Change teams within the Heritage structure, reporting into the Heritage CFO.
Purpose:
- This role will mainly liaise with Senior Leaders that are at Excom-2 level across the Heritage business.
- Reporting and providing insight on financial performance of the Customer Operations, Planning and Performance and Change teams
- Forecasting current period outturns and developing multi-year budgets and underpinning plans and initiatives to deliver those
- Developing business cases for change initiatives of c£10-100m within the relevant business area
- Providing commercial analysis in support of the business aims, and to inform management decisions
- Attending the leadership meetings of the Customer Ops, Planning and Performance and Change teams
- Take personal accountability to maintain and enhance controls to support improvement of the overall control environment, customer outcomes and a reduction in M&G plcs operational risk
Business partners are not responsible for the operational expense accounting and accrual processes but will liaise closely with these teams to understand what has been accounted for and to provide advice on material items which should be provided for.
Knowledge / Experience:
- Experience of building effective relationships as “trusted advisor” to the business
- Commercial mind-set and demonstrated track record of challenging and driving improved performance
- Experience of supporting a substantial function through transformational change
- Track record of expense management within a complex financial services business
- Knowledge of the Heritage / life insurance business is desirable
Personal attributes/skills:
- Operating with a philosophy of “high challenge and high support” to highlight areas for improvement
- Ability to communicate effectively and influence effectively
- Robust personal presence and resilience to challenge
- A driven self-starter with passion to make a difference
- Establish productive, successful relationships with demanding stakeholders
- Ability to assimilate large quantities of data to identify material issues and attributes
- Inherently curious, analytical and skilled problem solver
Qualifications: Relevant professional qualification (Accountant within financial services) with post qualification experience
Work Level: Manager / Expert
Close Date: 4th August 2023
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality or disability 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.
