Fund Financial Reporting Specialist (9 month FTC)

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

This team is responsible for the ownership and coordination of the end-to-end process for financial report and accounts for M&Gs public, private and T&IO fund ranges. Oversight of the third-party administrators in relation to financial reporting, management of the auditor relationship, oversight of expense budgets and ongoing charges and project support.​

The role activities include oversight of third party administrators providing financial statements and other regular financial information; liaison with external auditors; analytical review of financial statements and other regular financial information; and provision of additional financial support in relation to complex transactions and projects including fund launches, mergers and closures.

This is a 9 month Fixed Term Contract.

Key Responsibilities

This will include:

• Taking a lead role in the analytical review of Financial Statements prepared by third party administrators including OEIC, Unit Trust, SICAV, FCP and Investment Trust.
• Ensure financial statements are compliant with appropriate accounting standards (e.g. UK GAAP, IFRS, Luxembourg GAAP) and regulatory requirements (e.g. COLL, relevant SORPs, 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 third party 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.
• 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.

Job & Personal Skills (please consider soft skills as well as management and regulatory skills):

• ACA/ACCA qualified accountant (or equivalent)

• Previous experience of working on financial reporting / statements
• Strong technical knowledge of UK GAAP, AIC SORP, IA SORP
• Beneficial to have knowledge of Luxembourg GAAP, IFRS, 
• Good experience of financial statutory accounting
• Good debt securities and derivatives knowledge
• Exposure to institutional and wholesale 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.

Experience Level: Experienced Colleague

Recruiter: Sarah Hawkins

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. 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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.  Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]