Finance Manager - Real Estate - FTC

• Supplier management

At 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.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Property Fund Finance team is responsible for the financial operations of over £30 billion of property funds managed by M&G Real Estate.

Reporting into the Associate Director – Property Fund Finance, the applicant will be responsible for providing financial control and oversight services to the M&G UK Residential Property Fund, a UK institutional fund structured as a Luxembourg FCP owning an English Limited Partnership, the liquidation of M&G UK Property Fund and its underlying English Limited Partnership and supporting any new fund launches.

The role also involves line management of a Senior Associate.

• Pricing and NAV review:
• Second review of monthly/quarterly reporting packs received from the English Limited Partnership (ELP) accountants and feedback any comments or queries to finalise these packs. Work with the ELP accountants to ensure correct accounting, particularly with respect to new transactions.
• Review of accounting trackers prepared by the Senior Associate in respect of Development Assets to be sent to the ELP accountants to assist with the account’s preparation.
• Second review of monthly/quarterly NAV packs received from the administrator including reviewing the investment value, subscription and redemption prices, distribution calculation, and accruals.
• Review and sign off NAV checklist and control workbook in a timely manner
• Review and sign off of performance data and QIR data produced by internal system and presentation of the results at the monthly liquidity meetings.
• Second review of the INREV fee metrics prepared by the administrator.
• Review of additional supporting documentation and information prepared by the TPA including: AIFMD reporting inputs and INREV SDDS reporting.
• Budgeting, Forecasting & Cash Monitoring:
• Monitoring fund cash requirements and reviewing the monthly cashflow forecast prepared by the Senior Associate.
• Monitor forward funding development cashflows and liaise with the fund team to ensure accurate and timely drawdowns.
• Running bi-weekly meetings with the fund management team to keep up to date with current and impending activity and providing accounting advice where required.
• Support redemption and liquidity management
• Technical Accounting
• Preparing accounting memos for complex transactions and working to get these signed off with the auditors before exchange.
• Coordination and review of financial due diligence in relation to asset acquisitions and disposals.
• Review of drafting of legal agreements in relation to complex transactions, to ensure commercial terms support desired accounting treatment.
• Financial Statements
• Review ELP financial statements prepared by the Senior Associate under IFRS.
• Review the FCP financial statements prepared by the administrator under IFRS and work closely with internal teams to ensure the annual report is delivered on time.
• Manage the production of the IFRS financial statements for the FCP.
• Work with the Senior Associate…