Analyst, Discretionary Middle Office Accounting

Posted 3 Days Ago
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London, Greater London, England, GBR
In-Office
Junior
Financial Services
The Role
Perform daily cash reconciliations, investigate exceptions, review quarterly NAVs, analyze real estate valuations, support investor reporting, process invoices, and manage financial statement reviews and year-end audits. Collaborate with fund administrators, valuation agents, auditors, and investment teams while improving controls, workflows, reporting tools, and automation initiatives.
Summary Generated by Built In

About Man Group

Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.

Headquartered in London, we manage $253.6 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com

At Man Group, we respect your privacy and we are committed to protecting and safeguarding your Personal Data. We have developed policies and processes which are designed to provide for the security and integrity of your Personal Data. We are committed to Processing your Personal Data fairly and lawfully, and being open and transparent about such Processing. For further information on how we process your data, please see the privacy notice for applicants here.

* As at 30 June 2026

About the role

The Discretionary Middle Office is responsible for ensuring the operational control environment for our Discretionary business runs efficiently, accurately, and in a highly controlled manner.

As an Analyst, you will run key operational processes independently while continuing to develop broader technical and operational expertise in real estate operations. Managing daily cash reconciliations, performing rigorous oversight of quarterly NAVs produced by Fund Administrators, and analysing property-level valuations alongside the front office will be core to the role.

Contributing to the evolution of the team's core processes and identifying solutions to ongoing operational requirements will also be key to your individual growth.

Responsibilities

  • Perform daily reconciliation of cash breaks, investigating and resolving exceptions promptly to ensure the accuracy of fund records.
  • Review and constructively challenge quarterly Net Asset Values (NAVs), liaising directly with the fund administrator on NAV preparation as well as recurring investor reporting.
  • Collaborate closely with external valuation agents to assist in producing quarterly real estate valuations and conducting detailed analysis of these valuations.
  • Partner with the front office investment team to deliver property-level reporting and granular valuation analytics.
  • Respond to detailed investor queries, demonstrating the ability to articulate and explain complex valuation movements clearly and confidently.
  • Invoice payment processing for property and fund costs, ensuring strict adherence to all internal controls and anti-fraud policies.
  • Review of UK GAAP and IFRS financial statements and overall management of the year-end audit cycle.

Technical Development 

  • Contribute to the team's continuous improvement of systems, controls, and workflows to mitigate operational risk.
  • Learn and utilize reporting and data tools to enhance team processes, property-level analytics, and automation initiatives.

Stakeholder Engagement

Collaborate with team members, front office investment professionals, and external partners (fund administrators, valuation agents, auditors) in both daily activities and long-term projects.

Communicate findings, reporting data, and recommendations clearly to various internal and external stakeholders, acting as a reliable representative of the Middle Office.

Technical Competencies

  • 0 to 3 years of professional experience, with a strong motivation to build a career in investment operations.
  • Strong analytical mindset with the ability to solve complex problems and analyse valuation metrics.
  • Keen attention to detail and strong organisational skills.
  • Ability to work both independently and as a highly collaborative part of a team.
  • Excellent communication skills and the confidence to raise questions, challenge data, and explain complex concepts.
  • Demonstrated ability to learn new concepts quickly.
  • Strong academic background in an analytical or finance-oriented field (Finance, Accounting, Real Estate, Economics, Mathematics, or similar disciplines).

Advantageous (but not required)

  • Previous exposure to the financial services industry, particularly developing a working knowledge of real estate operations, property valuation, or fund accounting.
  • Professional qualifications (accountancy qualifications, CFA, CAIA) or actively studying towards them.
  • Basic programming knowledge (e.g., Python, SQL, advanced Excel) with an enthusiasm to develop technical skills.

Inclusion, Work-Life Balance and Benefits at Man Group
You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity.
You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering.

Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.

Equal Employment Opportunity Policy

Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact [email protected].


Skills Required

  • 0 to 3 years of professional experience
  • Strong analytical and problem-solving skills, including valuation metric analysis
  • Strong attention to detail and organizational skills
  • Ability to work independently and collaboratively
  • Excellent communication skills and ability to explain complex concepts
  • Ability to learn new concepts quickly
  • Strong academic background in finance, accounting, real estate, economics, mathematics, or a similar analytical field
  • Financial services experience, including real estate operations, property valuation, or fund accounting
  • Professional qualifications such as accountancy qualifications, CFA, or CAIA, or active study toward them
  • Basic programming knowledge in Python or SQL and advanced Excel skills
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The Company
HQ: London
2,471 Employees
Year Founded: 1783

What We Do

Man Group is a global active investment management firm, which runs $127 billion* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM. These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm’s single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group’s investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the efficient exposure to markets and effective collaboration across the organisation.

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