Associate - Property Fund Finance

The Opportunity

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 a growing range of funds and mandates investing in UK real estate.

Your Key responsibilities will be -

Reporting into the Manager: Financial Oversight and Control, you will be responsible for providing financial control and oversight services to the following:

- M&G UK Property Fund (Luxembourg-domiciled open ended fund with monthly pricing; NAV £765m)
- M&G UK Enhanced Value Fund (closed ended fund launched in April 2018 targeting £250m of total investor commitments requiring quarterly reporting)
- Embankment Unit Trust (club deal investing in a £100m building requiring quarterly reporting)
- Selly Oak Shopping Park LP (club deal investing in a £95m building requiring monthly and quarterly reporting)
- £400m segregated mandate to invest in UK property.

This will include -

* First review of monthly/quarterly reporting packs, NAV calculations, subscription and redemption prices, distributions and associated documents and underlying input data.
* Preparation of performance files calculating the monthly/quarterly returns
* Preparation of supporting documentation and/or review of information prepared by the administrator for additional reporting, including: AIFMD reporting, INREV SDDS reporting and INREV fee metrics.
* First review of the annual financial statements prepared under IFRS
* Production of audit information and liaison with auditors to resolve queries
* Preparation of inputs to investor reports and board reporting
* Assistance with responding to investor queries
* Preparation of cash flow forecasts and monitoring cash requirements
* Organise and instruct cash transfers, e.g. distributions, development funding, invoice settlement
* Liaison with external accounting suppliers to ensure instructions are appropriate, clear and followed
* Assist in preparation of accounting memos for complex transactions
* Assist in preparation of budgets and financial projections
* Oversight of fiscal and loan compliance across the funds utilising external debt
* Attendance at relationship meetings with service providers
* Preparation of information required by tax team to ensure the tax compliance of the funds
* Preparation of quarterly consolidation reporting to Prudential Group
* Attendance at monthly meetings for each of the Funds.
* Communication and relationship management with a wide range of stakeholders
* Provision of cover for the Manager and other team members
* Assistance with ad-hoc projects covering various elements of the work of the Property Fund Finance team

What we are looking for

We are looking for you to be ACA/ACCA/ACMA part-qualified accountant (or equivalent) with property financial accounting experience. Knowledge of Yardi Voyager system is beneficial along with having advanced excel skills.

You will be self-motivated with a diligent and detailed approach to completing tasks and strong analytical skills. You will need to be able to understand, question and challenge a range of financial data.

You will demonstrate confidence to communicate effectively with a range of internal and external parties and have strong organisational and prioritisation skills along with having a flexible and proactive approach.

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.

London, England, United Kingdom London England GB