• Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • M&G Prudential
  • 2019-04-19

Fund Accounting Specialist

  • Full time
  • London, England, United Kingdom
  • 19 Apr 19

Fund Accounting Specialist

Fund Accounting Specialist

Working with M&G Prudential as a Fund Accounting Specialist means becoming part of a brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.

The forthcoming planned de-merger of M&G Prudential from the Prudential Group PLC provides a terrific opportunity to create a truly international and integrated savings and investments firm. A firm built on a rich and long history and with a commitment to an innovative future centred on the needs of customers and clients. There is a genuine opportunity to drive competitive advantage with value creation through the formation of this new organisation.

If you're inspired to join us, and have the necessary qualities, then this could be the opportunity you've been looking for.

The Role:

The purpose of the role is to provide accounting advise and oversight services for M&G Prudential's fund range. The range includes UCITs and institutional funds and covers many jurisdictions of domiciliation and accounting GAAPs including UK GAAP, IFRS and Lux GAAP.

The services include oversight of the year end audit and liaison with external auditors; review of financial statements and other regular financial information; and provision of additional financial support in relation to fund launches and complex transactions.

Key Responsibilities:
  • Take a lead role in the analytical review of Financial Statements including OEIC, Unit Trust, SICAV, ICAV, Investment Trust, QIF, section 110, LP/GP.
  • Ensure financial statements are compliant with appropriate accounting standards (e.g. IFRS, UK GAAP, Luxembourg GAAP) and regulatory requirements (e.g. COLL, relevant SORPs, AIFMD, Irish Central Bank, CSSF)
  • Liaison with auditors to ensure that the annual audit is properly planned, and carried out efficiently and effectively
  • Oversight of controls and procedures at Fund Administrators to ensure accurate financial information is provided on a timely basis and remediation taken where necessary. Analytical review of other financial information provided by administrators including charges and distributions.
  • Preparation and presentation of memos to fund Boards confirming the review of financial statements, providing analysis, and discussing any issues that have arisen during the process
  • Take a lead role in the review of quarterly management accounts, and the preparation and presentation of memos to the Boards on the results, including distribution recommendations and cash flow forecasts
  • Review of change in regulations and accounting standards and impact on financial statements, and preparation of Board papers discussing these changes where appropriate
  • Provision of ad-hoc support to the investment and product teams in relation to significant transactions and projects
  • Close liaison with the investment and product teams to remain informed on the funds' business and operations
  • Preparation of accounting papers for complex transactions or new asset classes to ensure correct accounting treatment

You will have:
  • ACA/ACCA qualified accountant (or equivalent)
  • Strong technical knowledge of IFRS, UK GAAP, IA SORP
  • Knowledge of Luxembourg GAAP and AIC SORP
  • Good experience of financial statutory accounting
  • Good debt securities and derivatives knowledge
  • Exposure to institutional and retail fund structures
  • 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
  • Flexible and proactive approach
  • Excel (to advanced level is desirable)
  • This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.

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.