Senior Manager - Property Fund Finance

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through 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.

Key Responsibilities for this role:

Financial Reporting

• Reviewing accounting reporting packs prepared by service provider supported by Manager as required.
• Liaise directly with service providers to query and challenge the information under review and ensure appropriate level of accuracy and quality.
• Review of quarterly analytical review from Third Party Administrators (TPA) for Group reporting.
• Perform and evidence appropriate and robust review using control checklists.

Annual Financial Statements

• Review of annual statutory accounts for subsidiaries under local GAAP and IFRS.
• Liaise directly with auditors (external and internal) and oversee service providers in provision of supporting information for financial statements and annual report audit purposes.
• Perform and evidence appropriate and robust review using control checklists.

Board Governance and Investor Reporting

• Attendance at, and preparation for M&G internal update meetings and presenting at board meetings as required. Providing financial reporting and suggested advice where appropriate.

• Preparing/reviewing distribution recommendations for board meetings where applicable.

Fund Control Cash management

• Oversee drawdowns from investors, instructing onward payments and working with TPA on monthly/quarterly cashbook reconciliations.
• Review of annual budgets and budget vs actual analysis.
• Provision of cash analysis to the Fund Management and Tax teams.

Relationship Management

• Maintain and nurture relationships with external accounting suppliers to ensure instructions are appropriate, clear, followed and that agreed deliverables are met

• Liaison with other parties involved in the end-to-end operating model (external accountants and property managers, M&G Real Estate) to ensure business processes are designed, implemented and operated to support the requirements of the financial reporting processes.
• Liaison with M&G Group / Prudential UK finance teams.
• Attend relationship meetings with service providers as and when required to report on any updates or issues.
• Contribute to the development of the operating model and agreed change, efficiency and process improvement initiatives.

Business Partnering

• Participating in meetings with the fund management team to keep up to date with current and impending activity and providing accounting advice and constructive challenge where required.
• Transaction Support Liaising with Fund, Property Managers and Asset Managers to understand underlying transactions and ensure appropriate financial operation of the funds/investments.
• Preparation of accounting memos for Manager’s review based on understanding of key terms of deals for discussion with senior stakeholders and auditors where required

Transactions & corporate finance

• Review of financial due diligence and legal agreement, in relation to share/asset acquisitions and disposals, to ensure commercial terms support desired accounting treatment.
• Support with the on-boarding of new acquisitions, including agreement of service provider scope, ensuring service providers are adequately informed and instructed, preparation of detailed accounting memos and agreement of accounting treatment with auditors.
• Supporting the arrangement of internal financing, e.g. review of funding diagrams and management of funding lines, and movement of cash through the fund structure in conjunction with the administrator.
• Preparation of accounting memos for Managers review based on understanding of key terms of deals

Additional Responsibilities

• Work collaboratively with colleagues and take personal accountability to maintain and enhance the controls for which the role is responsible, supporting improvement of the overall control environment and a reduction in operational risk.
• Provide cover to the AVP and other team members and participate in ad hoc projects as required.

Compliance

• Maintain management information reporting and risk registers, ensuring relevant issues and actions are appropriately recorded and escalated.

Key Stakeholder Management

Internal

• Property Fund Finance Team
• Fund Managers / Investment Managers
• Transaction Managers
• Auditors
• M&G Group
• Tax Team
• Risk Team

External

• Third party administrators
• Property Managers

Knowledge, Skills, Experience & Educational Qualification

• Degree or AAT qualified
• ACA/ACCA/ACMA qualified accountant (or equivalent)
• Strong technical knowledge of UK GAAP and IFRS
• Strong experience of financial statutory accounting including audit and financial control
• Property financial accounting experience (preferably including exposure to institutional property funds)
• 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 with effective problem-solving skills
• Strong team work skills to work collaboratively with other Managers and team members to deliver together
• This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.
• Excel (to advanced level is desirable)
• Knowledge of Yardi Voyager system is beneficial.

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