Manager - Property Fund Finance

We are MG 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 MG plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. At MG 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.

MG Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in MG plc 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.

Financial Reporting

• Support Manager in reviewing corporate accounting reporting packs prepared by service providers (including, but not limited to, fund dashboards, NAV calculations, pricing calculations).
• Liaise directly with service providers to query and challenge the information under review and ensure appropriate level of accuracy and quality.
• Review of SDDS reporting.
• Review of performance files.
• Review of corporation tax and VAT calculations: sense-check and vouch to accounting data.
• Perform and evidence appropriate and robust review using control checklists.

Annual Report and Financial Statements

• Review of fund annual financial statements prepared by TPA under relevant accounting framework. Liaise directly with preparer(s) of these documents to raise queries and process amendments required.
• Review of SPV statutory accounts and financial statements prepared by TPA or joint venture partners under relevant accounting framework. Liaise directly with preparer(s) of these documents to raise queries and process amendments required.
• 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

• Delivering financial reporting and advice to Boards and Investors.
• Review of Investor Returns and investor reports.
• Review of quantitative aspects of financial oversight memos and distribution recommendations prepared by TPA, preparation of accounting papers to be presented at quarterly board meetings. Qualitative aspects to be prepared by Fund Finance Manager (or a Senior Associate) in London.

Review of responses to non-standard investor queries.

Relationship Management

• Maintain and nurture relationships with external accounting suppliers to ensure instructions are appropriate, clear and followed.
• Attend relationship meetings with service providers as and when required to report on any updates or issues.
• Co-ordinate deliverables from the service providers and working to streamline the working relationship and identify efficiencies and process improvements.
• Liaise directly with service providers to query and challenge the information under review and ensure appropriate level of accuracy and quality before sending to Fund Finance Manager in London.

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.

Fund Control

• Preparation of fund cashflow forecasts and monitor cash transfers.
• Attend weekly fund meetings and presentation of latest cashflow forecast.
• Oversight of fiscal and loan compliance across the funds.
• Review of annual budgets and budget vs actual analysis.
• Oversight of submissions prepared by the third-party administrator, including
  • Annual subsidiary budgets.
  • Consolidated fund budgets.

Transaction Support

• Liaising with Fund, Property Managers and Asset Managers to understand underlying transactions and ensure appropriate financial operation of the funds/investments.

Control Environment

• Perform and evidence appropriate and robust review using control checklists.
• Creation and maintenance of procedure documents and checklists relevant for oversight of funds/mandates and ensuring any spreadsheets owned by Fund Finance Manager have been designed in compliance with the company policy.

Additional Responsibilities

• To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in MG s operational risk.
• Provision of cover to Manager and other team members.

Ad hoc tasks and participation in ad hoc projects.

We have a diverse workforce and an inclusive culture at MG 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.