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.
The role will be to lead and manage the operations under the Finance Operations Banking BAU. The team is responsible for the processing of payments in accordance of standards and control governance, corporate liquidity management, reconciliation preparation, banking administration, oversight of outsource partners, banking relationship management, bank account opening, payment processing and controls. The scope of the teams activities covers both UK and international operations. The diverse range of the teams tasks and responsibilities provides the team with interaction and exposure to multiple Business Areas within M&G.
Accountabilities/Responsibilities
- Completion of daily and monthly bank reconciliations
- Maintenance of accurate accounting records
- Review of Cash balance monitoring, management of foreign currency balances, monitoring regulatory own funds cash requirements. and weekly reporting in accordance with internal policies
- Manage settlement of intercompany balances
- Collation and input of electronic bank transfers through the relevant banking systems
- Adherence to CASS rules through monitoring and reconciliation of Client Money accounts (if required)
- Administration of new bank account set-ups
- Maintain signatories and mandates of existing bank accounts
- Accountable for delivering a quality service and product to customers and stakeholders
- Support delivery of projects – business requirements, testing and implementation
- Focuses on quality of delivery to achieve clear outputs within guidelines and precedent
- Runs the organisation's processes and systems following pre-defined procedures
- Adapts to change, responds with initiative and make suggestions for improvements to own work and processes
- To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.
Key Stakeholder Management
Internal
Regular contact with reconciliation break owners to ensure timely resolution action taken.
Entity Accountants of various M&G entities
Treasury Team
Various Internal Finance Teams
Accounts Payable Team, Oracle Team, Product and Ledge Control Teams.
External
May be required to contact external vendors
Banking Partners
Various Banking Services Partners
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills:
- Project Management
- Confidence & excellent communication
- Understanding of basic accounting rules
- Knowledge of Excel (including advanced excel functions)
- Good analytical skills and determination to complete a task
- Good communication and interpersonal skills
- Excellent attention to details
- Problem solving skills
- Experience in a financial background including reconciliations
- Ability to work under one's own initiative and within a team environment
- Build good relationships internally and externally
- Maintain own professional competence
- Understanding of Treasury and Banking function
- Knowledge of Excel, Word and PowerPoint
Experience:
- Working in a Banking or Treasury role
- Good understanding of banking, payment and forex functions
Educational Qualification:
- Graduate / Post-Graduate in any discipline with 6 to 8 years of relevant experience
- Experience of Kyriba tool would be an advantage
M&G Behaviours relevant to all roles:
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.
