Assistant Income Manager (Asset Management)
MG Investments is Prudential plc's UK based fund management business and is one of Europe's leading active asset managers with more than £238.4 billion* of funds under management across fixed income, equity, property and multi-asset strategies.
-*as at 31 March 2013
Opportunity
An opportunity exists for the appointment of an Assistant Income Finance Manager within the MG Central Finance team, reporting to the Income Manager This role will be responsible for a team of accountants.
In addition to the accounting of actual income data, the team is responsible for producing plans, forecasts and associated statutory and management information for income across all MG business units and entities.
The team will interact with all Finance teams and the Business -in conjunction with the BU finance teams.
Key responsibilities
* Control of all trading income across Retail, PPL and the Internal business
* All income financial accounting and record keeping across the Retail, PPL and Internal business covering-
o Monthly income PL reporting processes (in SUN GL and Hyperion)
o Income accounting for actuals - journals for m/end accruals /deferrals etc
o Income - forecast and budgets- co-ordination of Plan/Forecast production
o Income allocation -journals between internal companies / channels / franchises.
o Income overlays - include PPL FUM
o Processing of income invoices and receipts to GL and to sales ledgers
o Sales ledger maintenance
* Review of FUM and new business for the consolidated MG Group.
* Seek to develop and improve processes through a period of initial change and in response to the needs and challenges of the business. In the short term this will include specific Finance Operating Review responsibilities and project work as the income processes and systems are developed.
* Help drive through the Retail Income changes already identified working closing with the Chelmsford office.
* Team management - responsibility for the management and development of direct reports.
* Acting as Deputy to Income Manager.
* Management of overall deadlines within the team in the context of broader Finance income accounting processes.
* Build and maintain effective relationships and communication channels with the Retail business units and other finance teams.
* Meet with BU Finance teams to gain information on income strategy and to coordinate the planning/forecast process.
* Coordinate income strategy across BUs to ensure a consistent approach to Planning and Forecasting.
* Maintain an awareness of changes to income related developments and legislation in so far as it is relevant to income accounting.
* Keep abreast of developments in income generating products ; provide input and analysis for consideration by the business finance analysts
This role will be responsible for a team of qualified and part-qualified accountants.
This role is ideally suited to someone who can demonstrate:
* An ability to manage tightly controlled processes.
* Excellent planning and organisation skills with the ability to work accurately under pressure.
* Strong team management skills- self-motivated with the ability and experience to lead, develop and motivate others.
* Strong analytical skills with an ability to analyse and present results.
* Strong interpersonal and communication skills.
* Understand fully the requirements and implications of their role/team including regulatory/statutory impact and provide challenge where appropriate
* A strong initiative to improve processes and implement changes to existing ones.
* An ability to identify problems and delegate their resolution effectively.
MG is an equal opportunities employer and welcomes applications from a diverse background.
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