Manager - Property Fund Finance

M&G Real Estate

We are not your average Real Estate investment business and our unique culture is just one aspect that makes us stand out from the crowd. We offer a supportive environment that encourages innovation and creativity whilst maintaining a healthy lifestyle balance. You will be joining one of Europe's leading Investment Management firms where you can expect real responsibility and recognition from day one. We are large enough to offer a wide variety of career opportunities, whilst small enough to treat you as an individual and tailor training and development to your specific needs.

The Opportunity

An opportunity has arisen within the Internal Funds team in Property Fund Finance and involves providing accounting, financial reporting and oversight services in relation to the directly-held UK real estate assets which M&G manages on behalf of Prudential plc.

You will be responsible for:

Reporting

  • Review of quarterly financial reporting and disclosures under IFRS and FRS102 for approximately £7 billion of UK property assets in the Prudential Life Fund for submission to the Prudential UK&E Finance team using the HFM system.
  • Review of monthly trial balance reporting and quarterly additional disclosure information under IFRS and FRS102 for approximately £2 billion of UK property assets in the Annuity Funds (covering 7 funds and 3 limited companies) for submission to the Prudential UK&E Retirement Income Finance team.
  • Liaison with internal and external auditors.

Accounting and Oversight

  • Review of monthly financial controls performed by Senior Associates and review of quarterly financial data, including challenging numbers and detailed analytical review.
  • Ensuring compliance of the financial reporting processes with the Sarbanes Oxley (SOX) legislation, and evidencing of completion of SOX controls; and with Senior Accounting Officer (SAO) legislation.
  • Ensuring team process notes are fully up to date and that spreadsheets have been designed in compliance with the User Developed Applications policy.
  • Liaison with outsourced property managers to ensure accuracy of property level data for use in accounting returns.
  • Liaison with Prudential Group/UK&E Finance teams.
  • Review of statutory accounts prepared by external parties.

Team Management

  • Line management responsibility for a team of two Senior Associates

Other

  • Ensuring adequate cross-training is in place within the team, and across the wider team, to allow cover for periods of absence and flexibility in the management of peak workloads.
  • Provision of cover to Managers responsible for the financial reporting for other parts of the Prudential's property portfolio.


What we are looking for:

  • ACA/ACCA qualified accountant (or equivalent)
  • Strong technical knowledge of UKGAAP and IFRS
  • Statutory financial and real estate accounting experience
  • Experience of supervising staff
  • Excellent organisational and prioritisation skills
  • Strong analytical skills with ability to understand, question and challenge a range of financial data
  • Excel skills (to advanced level is desirable)
  • Working knowledge of Yardi Voyager and HFM reporting system is an advantage
  • 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.