Income Specialist - FTC

The Opportunity

Event Processing are part of the Fund Accounting Administration team within Fund Services and the team are responsible for the processing investment income and tax. This role comprises event validation, the accrual and receipt of security income and WHT across all funds maintained on our internal accounting systems, Quasar and FODB. It includes liaising with other teams within Fund Services, Investment Administration, Custodians and Third-Party Administrators to ensure we have accurate and timely dividend & tax data on internal systems.

You will be responsible for:

* Responsibility for ensuring accurate income accruals on M&G's range of funds, including OEICS, Life & Pension funds, Segregated pension mandates, SIF's, SICAV's for UK & foreign, equities, bonds, Collectives, private assets, loans and mortgages. For quoted assets, the role involves validating the XD data against a secondary source, Bloomberg. For Collectives, we manually source the rates from TPA & Fund Managers.
* Upon receipt, the team reconcile the accrual to the receipt and resolve any exceptions.
* Monitoring & processing of tax reclaims for Withholding Tax (WHT) and reconciliations against custodian's tax accrual records with investigation of any discrepancies.
* Liaison with custodian banks and overseas offices to resolve income and tax differences.
* Monthly reconciliation of Income Accounts
* Provision of daily information to Pru Cap for Eastspring funds.
* Monitor Custodian performance against SLA's, advising of any issues outside of these agreements.

What we are looking for:

We are looking for you to have a good level of dividend experience across various asset types including Bonds, Equities and Collectives. You will have a high level of accuracy and attention to detail as well as having open and effective organisational skills whilst being an operative team worker. You will also be a highly-motivated, hard -working and eager to learn individual. It is essential for you to have knowledge of tax documentation and experience of data vendors such as FTID, Bloomberg & Markit.

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