Senior Associate - Property Fund Finance - 12 Month FTC

Location: Greater London

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 Role:

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

This role involves providing financial control and oversight services of UK Property Funds managed by M&G Real Estate.

Reporting into the Manager, Property Fund Finance:
The Senior Associate will be responsible for providing financial control and oversight services to the following:

M&G Affordable Living Fund (an open-ended fund investing in Affordable Living, regulated by the Regulatory of Social Housing requiring quarterly unit pricing and reporting).Prudential Real Estate Limited Partnership (PRELP, an open-ended partnership investing in UK properties requiring monthly unit pricing and reporting).The Senior Associate will work closely with Third Party Administrators (“TPA”) in performing the role. The role will also involve ensuring building a strong working relationship with the M&G Mumbai team.

Key Responsibilities:

Oversee financial, regulatory and investor reporting across a portfolio of real estate funds, ensuring accuracy, quality and timely delivery by third-party service providers.

Review fund performance, NAV calculations, cashflow forecasts, budgets and management information, providing challenge and insight to support decision-making.

Manage relationships with external administrators, auditors, tax advisers and other service providers, ensuring delivery against agreed standards and timelines.

Support board governance activities, including investor reporting, financial oversight papers, distribution recommendations and board meeting materials.

Review annual reports, statutory accounts and financial statements, coordinating audit activities and resolving financial reporting queries.

Support regulatory reporting and compliance requirements, including Annex IV and other fund-related submissions.

Assist with acquisitions, financing activities and structural changes, including preparation of accounting and governance documentation.

Maintain a robust control environment through effective oversight, documented procedures, control reviews and continuous process improvement.

Collaborate with colleagues across Fund Management, Real Estate and Finance teams to deliver high-quality financial control and oversight services.

Contribute to strategic projects, operational improvements and broader team objectives while providing support and cover where required.

Key Knowledge,

Skills & Experience:

ACA, ACCA or CIMA qualified accountant (or equivalent professional qualification).Experience in fund finance, financial reporting, fund accounting or financial control, ideally within real estate, asset management or investment management environments.

Strong understanding of financial reporting, budgeting, cashflow forecasting, statutory accounts and audit processes.

Knowledge of real estate fund structures and accounting principles, with real estate accounting experience preferred.

Experience overseeing and reviewing the work of third-party administrators, service providers or outsourced finance functions.

Proficient in Microsoft Office applications, particularly Excel, Word, PowerPoint and Outlook.

Strong analytical and problem-solving skills, with excellent attention to detail and the ability to identify risks, trends and inconsistencies within financial information.

Confident communicator with the ability to build…