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Senior Fund Accounting Technical Specialist

Senior Fund Accounting Technical Specialist

M&GEdinburgh
30+ days ago
Salary
£25,000.00–£27,500.00 yearly
Job type
  • Full-time
Job description

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.

The Role :

The role is in the Accounting Technical Advisory team, within Investment Accounting Services. The Investment Accounting Services team are responsible for the oversight and management of third party suppliers in relation to fund accounting, covering net asset values, financial reporting and costs and charges regulatory reporting for M&G’s UK, Luxembourg and Irish UCITs and AIFs. These funds are sold globally and are invested globally in public and private asset classes including debt, equity, derivatives and other funds.

The roes is to provide technical and accounting advise for M&G’s full range of funds and jurisdictions supporting all fund related change activities and acting as an SME in fund accounting.

Specifically, to assist with the increased demand, particularly within private markets, of fund launches, closures and mergers and complex fund transactions within M&G’s fund ranges in the UK, Ireland and Luxembourg.

Key Responsibilities Include :

  • Providing fund accounting technical expertise to support projects with a focus on private and alternative assets.
  • Preparation of accounting papers for complex transactions or new asset classes to ensure correct accounting treatment.
  • Providing technical advice in relation to BAU activities such as NAV oversight, financial reporting and costs and charges.
  • Review and assess the impact of changes in regulations and accounting standards on NAV production, financial reporting and other regulatory disclosures including costs and charges.

In particular supporting change initiatives covering :

  • Fund and share class launches,
  • Fund mergers and closures,
  • In-species,
  • New instruments and new markets,
  • Regulatory change including accounting standards and other fund disclosures such as costs and charges

    • The role would suit an experienced fund accountant with technical and accounting knowledge and experience including the following :

  • Fund accounting including NAV production, pricing, share class hedging and financial reporting
  • Regulatory knowledge including UK, Luxembourg, Ireland, Channel Islands, Europe and Asia
  • Product knowledge – UCITs and AIFs including ICVC, AUT, ACS, UCI Part 1, UCI Part II, SIF, RAIF, SPV, SV, QUAIF, ICAV, Section 110, LP / GP, etc.
  • Accounting policies and GAAPs including UK, Lux and IFRS
  • Instrument knowledge – equity, debt and derivatives for both private and public assets
  • Fund costs and charges and regulatory templates
  • Fund set-ups and project work

    • Key Skills and Experience Required Include :

  • Fund accounting experience including net asset values, financial reporting with a specialism in private and alternative assets a requirement.
  • experience in the accounting aspects of fund set ups and project
  • Exposure to different fund structures especially covering private and alternative assets.
  • Experience in fund accounting / financial reporting for private and alternative assets.
  • Technical knowledge of Lux GAAP, IFRS, UK FRS102
  • Self-motivated with a diligent and detailed approach to completing tasks
  • Confidence to communicate effectively with a range of internal and external parties
  • Flexible and proactive approach
  • This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.
  • Previous experience of working on net asset value calculations
  • Strong analytical skills. Able to understand, question and challenge a range of financial data
  • Excel (to advanced level is desirable)

    • 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 or disability 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.

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    Senior Fund Accounting Technical Specialist • Edinburgh