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Fund Accounting Oversight Specialist

M&G plc.
Edinburgh, United Kingdom
Closing date
Aug 4, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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.

The role is for a team leader to support the Fund Accounting oversight. This covers NAV oversight and fund accounting oversight.

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

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
  • 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
  • Accounting policies / GAAPs (IFRS,
  • Fund costs and charges

Key responsibilities for this role & experience:
  • Team leader with responsibility for day to day management of a small team including training and appraisals
  • Financial accounting oversight including liaison with administrators, internal teams, and reporting to fund boards
  • Providing technical fund accounting advice to fund boards and 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 Boards and senior stakeholder 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

Work Level: Manager/Expert

We have a diverse workforce and an inclusive culture at M&G plc, 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.

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