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Associate - Property Fund Finance Financial Control & Oversight

Posted 2 February by M&G Featured Ended

M&G Real Estate

We are not your average Real Estate investment business and our unique culture is just one aspect that makes us stand out from the crowd. We offer a supportive environment that encourages innovation and creativity whilst maintaining a healthy lifestyle balance. You will be joining one of Europe's leading Investment Management firms where you can expect real responsibility and recognition from day one. We are large enough to offer a wide variety of career opportunities, whilst small enough to treat you as an individual and tailor training and development to your specific needs. 


The Property Fund Finance team is responsible for the financial operations of over £20bn of property funds managed by M&G Real Estate.  This role involves providing financial control and oversight services to one Luxembourg-domiciled real estate fund, and assisting with additional funds supported by the team.

Key responsibilities:

Reporting into the Team Leader: Luxembourg Institutional Funds, the applicant will be responsible for providing financial control and oversight services to the following Luxembourg-domiciled institutional real estate fund:

M&G European Secured Property Income Fund (NAV €173m; committed capital €224m)

This will include:-
• First review of monthly reporting packs, final NAV, subscription and redemption prices, distributions and associated documents including TER and REER calculations
• Preparation of performance files
• First analytical review of fund annual financial statements prepared under IFRS
• First review of subsidiary financial statements prepared under local GAAPs
• Production of audit information; liaison with auditors to resolve queries
• Review of corporation tax and VAT calculations: sense-check and vouch to accounting data
• Preparation of intercompany loan / PPL control schedules
• Preparation of inputs to investor reports and board reporting
• Assistance with responding to investor queries
• Preparation of AIFMD reporting
• Preparation of INREV SDDS reporting
• Preparation of INREV fee metrics
• Coordination of preparation of annual subsidiary budgets; first review of budgets
• Preparation of consolidated fund budget
• Preparation of fund cash flow forecasts and monitor cash transfers
• Monitoring forward funding development cash flows
• Liaison with external accounting suppliers to ensure instructions are appropriate, clear and followed
• Assisting in preparation of accounting memos for complex transactions
• Attendance at relationship meetings with service providers
• Assist in preparation of information required by the tax team to ensure fund tax compliance
• Oversight of fiscal and loan compliance across the Fund
• Provision of information to support consolidation reporting to Prudential Group
• Attendance at weekly/monthly fund meetings

• Provision of cover to Fund Controller and other team members
• Assistance with ad-hoc projects covering various elements of the work of the Property Fund Finance team

Key skills

• ACA/ACCA/CIMA part-qualified accountant (or equivalent), or AAT qualified
• Property financial accounting experience
• Self-motivated with a diligent and detailed approach to completing tasks
• Strong analytical skills. Able to understand, question and challenge a range of financial data
• Confidence to communicate effectively with a range of internal and external parties
• Strong organisational and prioritisation skills
• Flexible and proactive approach
• Excel (to advanced level is desirable)
• Knowledge of Yardi Voyager system is beneficial
• This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.

M&G is committed to a diverse and inclusive workplace. Our role as an employer is very simple – to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.

We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.

Reference: 34080813

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