Head of Fund Control in London

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.

The Head of Fund Control is accountable for the leadership, oversight and performance of the Fund Control Team. The role holder will be responsible for Private Markets asset lifecycle management, valuations as well as responsibility for fund accounting and financial reporting oversight for public market, private market and non-linked life funds. Private market asset classes include private equity, private credit, structured finance and infrastructure. The Head of Fund Control will report to the Director of Asset Management Operations, with responsibility for effective governance, control, and delivery of change initiatives across both simple and complex fund structures.

The role has ownership and oversight across the following functions:

• Private Markets Asset Lifecycle Management – including loan closing, investment system record keeping, cash flow management & communication/reconciliation of investment transactions to key 3rd party administrators
• Asset Valuation – covering public asset, private assets & derivatives
• Accounting Technical Advisory & Transaction Cost Oversight
• Investment Accounting Oversight
• Financial Reporting Oversight

Key Responsibilities

• Provide leadership, direction and management across Fund Control, supporting day-to-day activities whilst driving forward strategic objectives.
• Build a cohesive Fund Control function, bringing together specialist skills and expertise across public and private markets.
• Ensure an appropriate people development and talent management framework is in place.
• Ensure transparent, well understood processes underpin Fund Control activities and support effective oversight and delivery.
• Ensure robust risk and control frameworks exist across Fund Control activities.
• Engage fully in strategic initiatives and change programmes across the business.
• Work collaboratively with Group Finance, Actuarial, Investment teams, Operations peers and other internal teams.
• Manage the lifecycle of loan closing, investment system record keeping, cash flow management & communication/reconciliation of investment transactions.
• Deliver asset valuation activities ensuring methodologies are appropriate, robust, consistent and aligned with policy.
• Provide required technical accounting input into product design, forums and other relevant committees.
• Provide oversight of investment accounting activities that are outsourced to various 3rd party providers.
• Provide oversight of financial reporting activities that are outsourced to various 3rd party providers.

Qualifications

• Strong technical understanding of fund accounting, asset valuation methodologies, and financial reporting principles.
• Significant experience within asset management with a track record of exceptional service delivery.
• Strong understanding of the risk & control environment.
• Demonstrates strategic foresight to shape long-term priorities.
• Ability to balance technical excellence and commerciality when exercising judgement.
• Experience of effectively and proactively managing third party relationships.
• Proven capability in leading multidisciplinary teams across multiple locations.
• Excellent communication skills at all levels of the business.

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• A valuable pension scheme of 18%, with 13% made up of employer contributions and 5% employee contributions.
• 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days.
• Comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Health & Protection cover including private healthcare, critical illness cover and life assurance.

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.