Manager Property Fund Finance Paternity Cover May November 2021

Job Description

At M&G our vision is: to become the best loved and most successful savings and investment business and were looking for people who are excited about joining us on our journey. Were digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision were looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles. What you can expect from us:We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work

Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed

Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make

Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support. Key Responsibilities/Accountabilities:Reporting into the Director, Financial Control and Oversight team, the role is responsible and accountable for providing financial control and oversight services to the following Luxembourg-domiciled institutional real estate funds: M&G European Secured Property Income Fund (NAV €552m; committed capital €187m) M&G Groupama Europe IMMO (OPCI), target launch April 2021 Asia Life Fund Targeted Strategy, launched June 2020 Capital Solutions Europe - separate account mandate The role is the key point of contact for all stakeholders and has primary responsibility for the delivery of financial control services for the above mandates. The role will include line management of a qualified Associate. This will include:- Pricing and NAV review:Second review of monthly SPV reporting packs, Fund NAVs, prices, distribution calculations and other financial information prepared by outsourced service providers to the Fund Review of performance files prepared by the Associate Review of additional supporting documentation and information prepared by the Associate and provided to the administrator to prepare additional reporting including: AIFMD reporting, INREV SDDS reporting, and INREV fee metrics Oversight and the review of complex transactions within the reporting, as well as liaising with our JV partner and M&G Real Estate Asia Budgets & Cash ManagementSecond review of annual subsidiary budgets Review of consolidated Fund budget, and presentation to board Monitoring Fund cash requirements and reviewing the weekly cashflow forecast prepared by the Associate. Providing updates on Fund liquidity at weekly operations meetings Arrangement of internal financing to include: preparation of funding diagrams, management of PPL funding lines (including review of internal loan schedules) and movement of cash through the Fund structures Liaison with tax advisors to maximise cash repatriation to the Fund whilst minimising tax leakage Transaction Support & Technical AccountingSupporting complex asset acquisitions and disposals by the Fund, including:- For corporate acquisitions, managing financial due diligence, SPA review and closing accounts review carried out by advisors Preparing / reviewing funding diagrams based on tax advice On-boarding of new acquisitions, including agreement of service provider scope, ensuring service providers are adequately informed and instructed Preparing accounting memos for complex transactions and working to get these signed off with the auditors in advance of inclusion in the first NAV Financial StatementsReview of Fund annual financial statements prepared under IFRS and management of production of annual report Review of subsidiary financial statements prepared under local GAAPs Management of annual audit process External Service ProvidersEnsuring service providers are adequately instructed, responding to accounting queries, monitoring and reviewing outputs and ensuring that the fund is receiving the appropriate level of service; attendance at relationship meetings to report on any updates or issues Additional TasksCompliance monitoring reporting, covering statutory and fiscal compliance obligations of the Fund and its subsidiaries Review of rent arrears with asset managers Review quarterly investor report and inputs prepared by the Associate Responding to queries from investors and prospective investors relating to performance, NAV and other financial matters pertaining to the Fund Input to Prudential Group reporting requirements Preparation of board reports (Fund and subsidiary), and Financial Oversight Memos Attendance at board meetings (Fund and subsidiary) Ensuring that accounting procedures are fully documented and kept up to date Attendance at weekly fund meeting ComplianceOversight of fiscal and loan compliance processes across the mandates. Maintenance of management information reporting and risk registers Ensuring that procedures are fully documented and kept up to date Ensuring appropriate issues escalation and resolution. GeneralLine management of one direct report, including setting objectives and carrying out annual appraisal Assistance with ad-hoc projects covering various work streams of the Property Fund