Manager - Cost Management

Posted 3 Days Ago
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Mumbai, Maharashtra
Mid level
Fintech • Financial Services
The Role
The Manager - Cost Management will oversee financial reporting tasks, manage budget variances, support month-end closures, and ensure data integrity. Responsibilities include expense reporting, forecasting, compliance checks, and automating processes. The role involves liaising with various departments to provide insights on financial performance and support management reviews.
Summary Generated by Built In

We are M&G 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 M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At M&G 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.

 

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G 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.

MI Reporting

  • Deliver scheduled reporting tasks, preparation of analytical reports related to business performance or plan, serve a liaison / interface with various internal departments
  • Support business operations including but not limited to general ledger accounting, creating month end accruals/provisions, posting cost recharges, resource management(need basis), financial reporting, balance sheet reconciliations
  • Provide updates to management regarding budget to actual, informing them of deviations and opportunities. Drive implementation of new processes and procedures
  • Expense reporting against plan/ forecast, variance analysis, expense analysis at cost centre level.
  • Preparing detailed expense MI
  • Support on quarterly forecast and annual budgeting exercise and other ad-hoc reporting/ analysis
  • Provide support for management reviews and value added analytics.
  • Identify positive and negative trends and anomalies associated with performance and communicate to business stakeholders.
  • Develop, implement and maintain support documentation regarding operations, functionality, framework, policies and procedures
  • Automate manual operations tasks and optimize business processes to reduce workload and create proficiencies wherever applicable

Forecast 

  • Production & reporting for forecast on periodic basis.
  • Analysing the forecasts and giving value added insights on variances.

Accounting

  • Reviewing of  the month end financials at cost centre and account code level (trial balance) to ensure that all transactions posted are valid.
  • Ensuring compliance of relevant accounting checks, controls and taking ownership of accounting journals posted. Be able to substantiate to auditor the basis and validity of the entries being posted.
  • Fixed asset accounting

Data integrity management

  • Validating the financial data received from key systems with appropriate check and balances
  • Understanding the implications on business performance and relate this in accounting terms
  • Reconciliation and validation of  data at regular intervals
  • Deal with queries on data from Finance team and stakeholders independently

Ad Hoc

  • Working on ad hoc request received from internal and external stakeholders
  • Explanation the key movements and trends of MI figures to stakeholders

MI Reporting

  • Deliver scheduled reporting tasks, preparation of analytical reports related to business performance or plan, serve a liaison / interface with various internal departments
  • Support business operations including but not limited to general ledger accounting, creating month end accruals/provisions, posting cost recharges, resource management(need basis), financial reporting, balance sheet reconciliations
  • Provide updates to management regarding budget to actual, informing them of deviations and opportunities. Drive implementation of new processes and procedures
  • Expense reporting against plan/ forecast, variance analysis, expense analysis at cost centre level.
  • Preparing detailed expense MI
  • Support on quarterly forecast and annual budgeting exercise and other ad-hoc reporting/ analysis
  • Provide support for management reviews and value added analytics.
  • Identify positive and negative trends and anomalies associated with performance and communicate to business stakeholders.
  • Develop, implement and maintain support documentation regarding operations, functionality, framework, policies and procedures
  • Automate manual operations tasks and optimize business processes to reduce workload and create proficiencies wherever applicable

Forecast 

  • Production & reporting for forecast on periodic basis.
  • Analysing the forecasts and giving value added insights on variances.

Accounting

  • Reviewing of  the month end financials at cost centre and account code level (trial balance) to ensure that all transactions posted are valid.
  • Ensuring compliance of relevant accounting checks, controls and taking ownership of accounting journals posted. Be able to substantiate to auditor the basis and validity of the entries being posted.

Data integrity management

  • Validating the financial data received from key systems with appropriate check and balances
  • Understanding the implications on business performance and relate this in accounting terms
  • Reconciliation and validation of  data at regular intervals
  • Deal with queries on data from Finance team and stakeholders independently

Ad Hoc

  • Working on ad hoc request received from internal and external stakeholders
  • Explanation the key movements and trends of MI figures to stakeholders

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.

The Company
HQ: London
2,729 Employees
On-site Workplace

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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