At a Glance
- Tasks: Oversee fund accounting processes and ensure accuracy in financial reporting.
- Company: Join M&G, a leading international savings and investments business with a rich heritage.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and flexible working options.
- Other info: Be part of a diverse and inclusive culture that values your unique background.
- Why this job: Make a real impact in finance while developing your expertise in fund accounting.
- Qualifications: Strong knowledge of fund regulations and accounting standards is essential.
The predicted salary is between 56700 - 69300 £ per year.
At 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.
We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.
The
Role: This role contributes to the oversight of NAV processes and fund financial reporting across M&G’s fund ranges.
It supports the delivery of a centralised fund accounting oversight model by helping ensure the accuracy and integrity of outputs produced by third party administrators (TPAs).
The role provides technical and accounting expertise, strengthens governance across the fund lifecycle and supports regulatory and structural change.
It also builds effective partnerships with TPAs and internal teams to uphold M&G’s risk and control framework across fund accounting, reporting, expense oversight and ongoing charges.
- Main Responsibilities
- Deliver NAV oversight and fund financial reporting oversight activities.
- Work closely with onshore and offshore partners, including India based colleagues.
- Carry out BAU oversight across complex technical areas within financial reporting, fund accounting and NAV oversight.
- Act as a subject matter expert for fund accounting oversight, including Fund, Financial Reporting and Costs & Charges.
- Perform error and risk validation, analyse control failures, support remediation activity and contribute to Risk & Compliance investigations.
- Provide technical fund accounting insights for fund launches, BAU integrations, mergers and inspecie events.
- Assess fund structures and TPAs, design and implement NAV checks and review fund related agreements and reconciliations.
- Offer technical inputs into product viability assessments, regulatory reporting and proof of concept exercises.
- Drive continuous improvement across processes, controls and oversight.
- Conduct technical investigations and provide expert input within technical forums.
- Manage complex internal and external stakeholder queries.
- Build and maintain strong relationships with TPAs and internal partners.
- Support the shape and maintenance of the control governance framework.
- Provide SME insights on fund structures and components across business areas and suppliers.
Key Knowledge, Skills and Experience
- Strong technical knowledge of fund regulations, risk and control frameworks, and accounting standards across jurisdictions.
- Expertise in NAV components, fund pricing and the workings of investment funds.
- Deep product knowledge across a wide range of fund structures including Section 110, LP/GP, FCP, RAIF, ICAV, QIF, ELTIF and LTAFs.
- Technical knowledge across UCITS (UK and Luxembourg), private debt, alternative credit, leveraged finance, restructuring, real estate, private assets and money market funds.
- Understanding of fund accounting regulations in Ireland, Luxembourg and the UK.
- Expertise in complex assets and valuation methodologies (private equity, private debt, derivatives, fixed income).
- Strong controls and governance mindset with the ability to distil complex issues and make clear decisions.
- Ability to communicate complex topics clearly to boards, auditors, clients and internal stakeholders.
- Accounting qualification or equivalent technical background.
Essential Skills
- Ability to operate autonomously and with trusted judgement.
- Strong analytical capability to investigate issues and support practical resolution.
- Confidence in making informed and accountable decisions.
- Clear and concise communication across technical and non‑technical audiences.
- Ability to build strong relationships and influence stakeholders effectively.
- Focus on continuous improvement and strengthening of controls.
- Ability to simplify complexity and identify key issues quickly.
- Demonstrates accountability for defined areas of expertise or delivery.
- Applies deep technical knowledge to solve complex issues.
- Operates with autonomy and consistent, trusted judgement.
- Provides guidance and expertise while influencing broader decision making.
What we offer
We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond.
Our benefits are designed to help you balance your professional and personal life, and financially plan for the future.
Our UK benefits include
- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
- Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
- Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
- Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
- Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.
To explore more about life at M&G and our full benefits offering, visit Life at M&G.
M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent.
We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions.
If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
We are committed to providing an inclusive recruitment process.
All candidates have the opportunity to request reasonable adjustments when applying.
If you need any additional support at any stage, please contact us at: careers@mandg. com
M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide.
As at 31 December 2024, we had £345.9 billion of assets under management and administration.
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.
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Fund Accounting Oversight Specialist – Private Markets employer: M&gprudential
M&GPrudential is an excellent employer, offering a dynamic work environment where you can lead a dedicated team and make a significant impact on financial reporting. With a strong commitment to employee well-being, the company provides generous benefits including a pension scheme, extensive annual leave, and comprehensive health coverage, all within a diverse and inclusive culture that fosters professional growth and development.
StudySmarter Expert Advice🤫
We think this is how you could land Fund Accounting Oversight Specialist – Private Markets
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We think you need these skills to ace Fund Accounting Oversight Specialist – Private Markets
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to M&gprudential.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on M&gprudential's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at M&gprudential
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with M&gprudential.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at M&gprudential will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former M&gprudential employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
