Working with M&G Real Estate as an Associate in the Property Fund Finance team means becoming part of the M&GPrudential brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.
M&G Real Estate is the property investment arm of M&G. We are one of the world's largest property investors with £33.13bn* of assets under management across all the major sectors in the UK, Europe, Asia and North America. Drawing on 150 years of investment experience, we actively manage our properties to maximise returns and generate a strong income stream for institutional investors.
If you're inspired to join us, and have the necessary qualities, then this could be the opportunity you've been looking for.
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 two Luxembourg-domiciled real estate funds.
Reporting into the Manager: Financial Oversight and Control, the Associate will be responsible for providing financial control and oversight services to the following Luxembourg-domiciled institutional real estate fund.
M&G European Property Fund (NAV €2,623m; committed capital €278m)
This will include:-
Oversight and Control:
First review of monthly reporting packs, estimated and final NAV, subscription and redemption prices, distributions and associated documents including INREV fee metrics calculations received from the administrator.
Preparation and/or initial review of additional submissions from the administrator, including:
INREV SDDS reporting
Annual subsidiary budgets
Consolidated fund budget
Review of corporation tax and VAT calculations: sense-check and vouch to accounting data
Preparation of fund cash flow forecasts and monitor cash transfers
Preparation of intercompany loan / profit participating loan control schedules and oversight of interest payments
Ensuring team process notes are up to date and that spreadsheets have been designed in compliance with the internal UDA policy
Internal and External Stakeholder Reporting:
Preparation of monthly performance calculations
Assist in preparation of analytical review to submit to the Board on a quarterly basis
Preparation of inputs to investor reports
Assistance with responding to investor queries
Assist in preparation of information required by the tax team to ensure fund tax compliance
Provision of information to support consolidation reporting to Prudential Group
Relationship management with external service providers
Liaison with external accounting suppliers to ensure instructions are appropriate, clear and followed.
Annual financial statement preparation and audit:
First review of subsidiary financial statements prepared under local GAAPs
Assist in the review of fund annual financial statements prepared under IFRS
Provision of audit information on a quarterly and annual basis; liaison with auditors to resolve queries
Assist in preparation of submissions to the annual SPV board meetings to approve the accounts and budgets.
M&G European Secured Property Income Fund (NAV €372m; committed capital €232m)
Support the provision of financial control and oversight services for this fund
Participate in cross-training to allow cover for periods of absence and flexibility in the management of peak workloads.
Provision of cover to Senior Associate and other team members
Assist with ad-hoc projects covering various elements of the work of the Property Fund Finance team
You will have:
Property financial accounting experience and be an ACA/ACCA/CIMA part-qualified accountant (or equivalent). The ideal candidate will be self-motivated with strong analytical skills and a diligent and detailed approach to completing tasks. You will be able to not only understand but question and challenge a range of financial data. You will need to be comfortable and confident in communicating effectively with a range of internal and external parties. As this role is highly visible, you will need to be approachable and focused with first class communication skills. You will also have strong organisational and prioritisation skills with a flexible and proactive approach to problem solving and work well with the larger team.
Experience in Excel to an advanced level is beneficial as well as knowledge of Yardi Voyager System. You will be degree or AAT qualified - either commenced or about to commence.
People who work at M&G Prudential agree that ours is a great place to work with a brilliant team spirit. It's also an innovative, high-performing, commercial environment that's totally focused on customers. As an M&G Prudential colleague you'll get all the support you'd expect, including full training and professional development. You'll receive a competitive salary and reward package. And in a fast-changing world, you'll join an organisation that's leading the way in helping customers achieve their long-term financial goals.
M&G Prudential 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.
Internal Number: 5585154
About M&G Group
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