Portfolio Manager - Real Estate Finance

At 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.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role

M&G’s Real Estate Finance team (“REF”) was established in 2009 and is part of M&G’s global Real Estate business. REF is one of Europe’s largest and most established non-bank commercial real estate debt providers, with on-the-ground expertise in both the UK and Europe, and has invested more than €16bn of capital since inception.

REF has personnel dedicated to the origination and execution of investments (“Investment team”), with others focused on loan servicing, asset management, investment support and internal and client reporting (“Portfolio Management team”).

Key duties of the team include available capital management, cost tracking, FX hedging, investor and internal reporting, overseeing capital calls, IPDs, loan repayments, distributions, investor and internal reporting, facility agent oversight, ongoing investment surveillance/portfolio management and tracking against investment objectives, reviewing borrower and covenant reporting, credit rating monitoring, assessing property and tenant related requests, and sponsor relationship management alongside the Investment team.

The successful candidate will report to, and work closely with, the team’s Portfolio Management & Investment Support Director, gaining exposure to all aspects of portfolio management, with responsibility for fund administration and reporting deliverables for key client accounts, as well as loan servicing and asset management matters in relation to investments within their allocation.

Key Responsibilities

Key Client Account Reporting and Deliverables

• Ensuring timely and accurate reporting in respect of key client accounts, including preparation and oversight (as applicable) of monthly and quarterly fund reporting packages involving review of NAVs, capital statements, quarterly distribution calculations and management fee calculations.
• Responsible for preparing and actioning ad hoc reporting requests received in respect of key client accounts.
• Placing FX trades in respect of key client accounts and associated monitoring of variation margin and interest margin requirements.
• Overseeing drawdowns and distributions in respect of key client accounts.
• Providing support on annual audits and investor due diligence exercises undertaken in relation to key client account vehicles.
  
  

Asset Management Matters

• Working across all aspects of loan servicing and the ongoing monitoring and portfolio management of existing investments, involving day-to-day oversight of facility agents, credit rating monitoring, reviewing covenant and borrower reporting, assessing and responding to borrower and tenant requests received during the life of the loan, and tracking investment performance against objectives, working closely with the Portfolio Management Director and relevant Investment team lead where applicable.
• Preparing loan and investment-level reporting data and materials needed for investor reporting packages or to fulfill internal reporting or committee requirements.
• Supporting with the work-out of impaired loans, working closely with the Investment team lead, M&G’s dedicated Restructuring function, and internal committees as needed.
• Overseeing and coordinating the prompt termination and liquidation of enforcement structures.
• Working alongside the Asset Management team on investment data management.
  
  

Investment and Product Support Matters

• Acting as a key REF team contact alongside the team’s Portfolio Management & Investment Support Director for internal finance and operational functions as needed, including liaising with various internal teams including Real Estate Operations, Tax, Finance, and Audit.
• Coordinating the successful funding of new investments and repayment of existing loans.
• Leading on the termination and liquidation of fund/SMA vehicles managed by REF as needed in collaboration with central functions at M&G.
• Maintaining REF’s available capital tracker for use by the Investment team.
• Preparing and overseeing monthly and ad hoc internal reporting processes including Finance and Management reports.
• Cost tracking and recording for funds/SMA vehicles within scope.
• Maintaining track record for loan investments.
• Supporting with the team’s Director with the on-desk operational aspects of setting up new funds and SMAs, including putting in place processes and procedures for new products.
• Supporting the team’s Director with the on-desk aspects of sourcing and on-going utilisation and monitoring of back leverage and subscription facilities.
• Liaising with internal controls monitoring teams as needed, and ensuring fund/SMAs remain in compliance and on-desk processes are adhered to.
  
  

Key Knowledge, Skills And Experience

• Qualified accountant with extensive prior experience (15+ years) in fund accountancy, administration and institutional investor reporting for real estate debt structures.
• Demonstrable experience in the real estate credit sector involving the operation and maintenance of complex, multi-layered products, their loan investments, and bespoke institutional investor reporting requirements.
• Prior experience of the set-up, maintenance and monitoring of fund financing facilities.
• Client focused, with a high level of attention to detail and strong analytical skills.
• Self-motivating and highly organized, with the ability to manage concurrent and competing priorities whilst ensuring deadlines are met.
• Able to operate, and maintain, a positive attitude within a fast paced environment under pressure.
• Strong interpersonal skills and effective at communicating and collaborating both internally and externally.
  
  

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.
  
  

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com