Senior Manager – Fund Accounting Oversight Specialist – Private Assets
M&G · Mumbai, India · 26d ago
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 – Fund Accounting Oversight Specialist – Private Assets
Team: Investment Accounting Services
Job Location: Mumbai
Shift: UK hours
Overall Job Purpose
At M&G 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.
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.
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.
This role is responsible for end-to-end oversight of NAV production, fund accounting, and financial reporting across M&G’s private markets platform, covering a diverse range of structures and jurisdictions.
The role plays a critical part in ensuring the accuracy, timeliness, and integrity of fund reporting, safeguarding investor outcomes, and strengthening M&G’s risk and control environment within an outsourced operating model.
The position also contributes to the ongoing evolution of the fund accounting oversight framework, driving standardization, efficiency, and enhanced governance. It also builds relationships with TPAs and internal teams to uphold M&G’s risk and control framework across fund accounting, reporting and expense oversight..
Key Responsibilities/ Accountabilities:
Deliver robust NAV and financial reporting oversight across assigned funds, ensuring adherence to SLA timelines, accuracy thresholds, and regulatory requirements.
Work closely with onshore and offshore partners, including India based colleagues.
Carry out BAU oversight across 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.
Drive continuous improvement across processes, controls and oversight.
Manage complex internal and external stakeholder queries.
Build and maintain relationships with TPAs and internal partners.
Knowledge, Skills, Experience & Educational Qualification
Strong technical expertise in fund accounting, NAV oversight, and financial reporting, with knowledge of regulations across key jurisdictions (UK, Ireland, Luxembourg).
Solid understanding of private markets structures and asset classes (e.g., LP/GP, ICAV, RAIF; private debt, real estate, alternative credit) and associated valuation methodologies.
Experience working within an outsourced operating model, with the ability to effectively oversee and challenge third-party administrators (TPAs) and financial outputs.
Strong analytical and problem-solving capability, with the ability to assess NAV errors, control issues, and drive timely resolution.
Proven ability to operate with independence, sound judgement, and accountability in a governance-driven environment.
Effective stakeholder management and communication skills, with the ability to influence TPAs, auditors, and internal teams.
Focus on risk, controls, and continuous improvement, with the ability to identify gaps and strengthen oversight frameworks.
Relevant accounting or finance qualification, with the ability to apply technical knowledge to support decision-making.
Experience:
8-10 years of experience in financial services. Min 5 years of experience in Fund accounting oversight or fund financial reporting oversight with at least 2–3 years in a supervisory or managerial role.
Educational Qualification:
Graduate/Postgraduate in Commerce, Accounting, or Finance. Professional certifications (e.g., CFA, CA, MBA Finance) are a plus.
Relevant IOC or Investment Management qualification / Certification would be desirable.
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.