Fund Accounting Oversight Specialist

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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role:

The team is responsible for Fund Accounting oversight of third party administrators providing fund accounting services; providing technical and accounting advise; and supporting projects from a technical aspect.

Oversight of the third-party administrators in relation to NAV calculations on a daily, monthly and quarterly basis in accordance with the designated NAV Oversight framework, fund accounting, financial reporting, management of the auditor relationship, oversight of expense budgets and ongoing charges and project support.​

The role is to support the Fund Accounting oversight team. This covers NAV oversight and fund financial reporting oversight.

The role will also provide technical and accounting advise internally and to support projects including fund launches, BAU integration and fund mergers / in-species from a fund accounting aspect. 

This role is a 12 month Fixed Term contract.

The role would suit a technical expert and with knowledge of the following:

• NAV and Pricing knowledge
• Product knowledge of fund structures - section 110, LP/GP, FCP, RAIF, ICAV, QIF, ELTIF, LTAFs
• Accounting knowledge – IFRS, UK GAAP, Lux GAAP
• Expertise in private debt, alternative credit, leveraged finance, restructuring, real estate, private assets fund structures, money market funds
• Fund accounting and regulations (Ireland, Luxembourg, UK, Channel Islands)
• Instrument knowledge – Private equity / Private Debt / Derivatives / Fixed income
• Fund costs and charges

Key responsibilities for this role:

• Financial accounting oversight including liaison with administrators, internal teams, and reporting to fund boards
• Taking a lead role in the analytical review of Financial Statements prepared by administrators
• Providing technical fund accounting advice to internally and to projects
• Fund accounting oversight including performance fees, income monitoring and costs and charges
• Excellent attention to detail and determination to see initiatives through to completion
• Proactive and delivery focused with excellent communication skills - both written and verbal
• Ability to present to senior stakeholders clearly and succinctly at varying levels of detail
• A self-starter with experience of working on projects
• Ability to develop, strong working relationships internally and externally
• Capability to chair meetings and workshops with stakeholders
• Good problem solving and analytical skills
• Good organisational skills with the ability to manage multiple priorities and deliverables to deliver work efficiently and effectively
• Reacting positively under pressure to meet tight deadlines.
• Have a genuine interest in learning and expanding their expertise and understanding of the challenges and developments impacting the Asset Management industry.

Key Knowledge, Skills & Experience:

• Qualified Accountant or equivalent professional/academic qualification
• Highly experienced individual from an Investment Accounting, Fund Management or Audit background.
• Strong people management skills with experience of supervising a team
• Ability and experience of communicating complex topics clearly and concisely
• Stakeholder (external and internal) management skills
• Experience of presenting to Committees and/or Boards
• Ability to demonstrate M&G’s values    

Location: Edinburgh or London

Recruiter: Sarah Hawkins

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. 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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]