Description

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.

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.

M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G's ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. 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.

Accountabilities/Responsibilities

I nternational Property Investments:
The Internal Funds team is responsible for international property investments held in North America, Canada, Europe and Australia, with total funds under management (on 31 December 2024) of £4.7bn
Key Responsibilities for this role:
Financial Reporting

• Support Manager in reviewing accounting reporting packs prepared by service provider.
• Liaise directly with service providers to query and challenge the information under review and ensure appropriate level of accuracy and quality.
• Review of quarterly analytical review from Third Party Administrators (TPA) for Group reporting.
• First review of quarterly investor returns (trial balances) to M&G Group.
• Perform and evidence appropriate and robust review using control checklists.

Annual Financial Statements

• First review of annual statutory accounts for subsidiaries under local GAAP.
• Liaise directly with auditors (external and internal) and oversee service providers in provision of supporting information for financial statements and annual report audit purposes.
• Perform and evidence appropriate and robust review using control checklists.

Board Governance and Investor Reporting

• Attendance at, and preparation for M&G internal update meetings and board meetings as required.

• Preparing/reviewing distribution recommendations for board meetings where applicable.

Fund Control Cash management

• Organising drawdowns from investors, instructing onward payments and working with TPA on monthly/quarterly cashbook reconciliations.
• Review of annual budgets and budget vs actual analysis.
• Provision of cash analysis to the Fund Management and Tax teams.

Relationship Management

• Maintain and nurture relationships with external accounting suppliers to ensure instructions are appropriate, clear and followed.

• Liaison with other parties involved in the end-to-end operating model (external accountants and property managers, M&G Real Estate) to ensure business processes are designed, implemented and operated to support the requirements of the financial reporting processes.
• Liaison with M&G Group / Prudential UK finance teams.
• Attend relationship meetings with service providers as and when required to report on any updates or issues.

Business Partnering

• Participating in meetings with the fund management team to keep up to date with current and impending activity and providing accounting advice where required.
• Transaction Support Liaising with Fund, Property Managers and Asset Managers to understand underlying transactions and ensure appropriate financial operation of the funds/investments.
• Preparation of accounting memos for Manager's review based on understanding of key terms of deals.

UK Property Joint Ventures:
The Internal Funds team is responsible for 3 UK property joint venture investments with total funds under management (on 31 December 2024) of £0.2bn. Key Responsibilities for this role: Financial Reporting Review of quarterly controls over management accounts and board packs prepared by joint venture partners.
Financial Reporting
Key Responsibilities for this role:

• Support Manager in reviewing accounting reporting packs prepared by service provider.

• Review of quarterly analytical review from Third Party Administrators (TPA) for Group reporting.
• Review of quarterly controls over management accounts and board packs prepared by joint venture partners.
• Perform and evidence appropriate and robust review using control checklists.

Annual Financial Statements

• First review of statutory accounts prepared by joint venture partners under relevant accounting framework. Liaise directly with preparer(s) of these documents to raise queries and process amendments required.
• Perform and evidence appropriate and robust review using control checklists.

Board Governance and Investor Reporting

• First review of distribution recommendations and capital calls as applicable. Relationship management
• Attendance at finance update meetings with joint venture partners.

Business Partnering

• Attendance at update meetings with M&G Real Estate to understand activity and performance of each of the joint ventures.

Transactions & corporate finance

• Review of financial due diligence and legal agreement, in relation to share/asset acquisitions and disposals, to ensure commercial terms support desired accounting treatment.
• Support with the on-boarding of new acquisitions, including agreement of service provider scope, ensuring service providers are adequately informed and instructed, preparation of detailed accounting memos and agreement of accounting treatment with auditors.
• Supporting the arrangement of internal financing, e.g. review of funding diagrams and management of funding lines, and movement of cash through the fund structure in conjunction with the administrator.

Compliance

• 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.

Key Stakeholder Management
Internal

• Property Fund Finance Team
• Fund Managers / Investment Managers
• Transaction Managers
• Auditors
• M&G Group
• Tax Team
• Risk Team

External

• Third party administrators
• Property Managers

Knowledge, Skills, Experience & Educational Qualification

• Degree or AAT qualified
• ACA/ACCA/ACMA qualified accountant (or equivalent)
• Strong technical knowledge of UK GAAP and IFRS
• Good experience of financial statutory accounting
• Property financial accounting experience (preferably including exposure to institutional property funds)
• 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
• Strong team work skills to work collaboratively with other Managers and team members to deliver together
• This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.
• Excel (to advanced level is desirable)
• Knowledge of Yardi Voyager system is beneficial.

We have a diverse workforce and an inclusive culture at M&G Global Services, 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.