About M&G; India We are M&G; India, the strategic innovation and digital hub for M&G.; Established in 2003, we have offices in Mumbai and Pune. Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth.

By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues. Grounded in a vibrant culture with strong foundations, we are central to how M&G; is transforming as a business.

About 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.

Job title: Senior Manager

Department team: Property Fund Finance

Job Location: Mumbai, Maharashtra

Overall Job Purpose The Property Fund Finance team is responsible for the financial operations of over £20bn of property funds managed by M&G; Real Estate. This role involves providing financial control and oversight services to a range of funds and mandates investing in UK real estate.

Reporting into the Manager: PFF (UK Capital Solutions and UKEV), based in 10FA London, the applicant will be responsible for providing financial control and oversight services to the following:

M&G; UK Enhanced Value Fund (closed ended fund investing in UK properties requiring quarterly reporting).

Embankment Unit Trust (joint venture investing in a c.£100m building requiring quarterly reporting).

Selly Oak Shopping Park LP (joint venture investing in a c.£95m retail park, requiring monthly and quarterly reporting).

c.£500m segregated mandate to invest in UK property, with monthly and quarterly reporting.

This role is based in Mumbai. The role is responsible for supporting the UK Capital Solutions business and the M&G; UK Enhanced Value Fund, working alongside a Senior Associate colleague based in London, and reporting into the Property Fund Finance Manager.

The primary focus of this role will be on the Embankment Unit Trust, Selly Oak Shopping Park LP and any similar mandates which may be acquired in future; however it will also support the 10FA team in servicing the UK Enhanced Value Fund and segregated account mandate.

Primary Key Responsibilities 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.

Perform and evidence appropriate and robust review using control checklists.

Detailed review of outputs for segregated direct mandate including:

Ensure all agreed deadlines for data hand-offs and submissions are met.

Escalate issues and delays promptly to Property Fund Finance Manager.

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.

Group Reporting

Review of quarterly group reporting analytical review, prepared by TPA’s.

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 Property 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

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

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 PFF 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 setting, customers outcomes and a reduction in M&G;’s operational risk.

Provision of cover to Manager and other team members.

Ad hoc tasks and participation in ad hoc projects.

Key Stakeholder Management Internal

Property Fund Finance Team

Fund Managers / Investment Managers

Transaction Managers

Auditors

M&G; Group

Tax Team

Risk Team

Investor Relations

External

Third party administrators

Property Managers

Knowledge, Skills, Experience & Educational Qualification

Knowledge & Skills (Must Have) :

Ability to lead and drive change forward

Good planning and organisational skills

Excellent attention to detail and analytical mindset

Excellent communication skills A flexible and adaptable approach

Build good relationships internally and externally

Ability to work within a team environment

Client and delivery focussed

Effective problem solving skills

Proficient with Microsoft Office applications (Word, Excel, PowerPoint, Outlook)

Real estate accounting experience

Experience & Educational Qualification:

Qualified Accountant

M&G; Behaviours relevant to all roles:

Tell it like it is: Respectfully speaking up to create better ways forward – both direct and empathetic Own it now: Putting your name on things with confidence to drive progress and results quickly

Move it Forward Together: Forming cross-functional teams to seize the right opportunities and solve real problems. 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.

📌 Senior Manager - Property Fund Finance (Mumbai)
🏢 Mu0026G
📍 Mumbai