Middle Office Analyst
Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via Systematic, Discretionary, and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies span public and private markets across all major asset classes, with a significant focus on alternatives. Headquartered in London, Man Group manages $253.6 billion and operates globally.
About the role
The Middle Office & Accounting Analyst supports the Man Discretionary & External Alpha Managed Accounts businesses across hedge fund and private credit products. This role supports Portfolio and Asset Management activities, including NAV oversight, cash management, client reporting, and Profit & Loss (PnL) analysis. The Analyst will handle day-to-day operations support and manage relationships with operations counterparts at clients and external counterparties.
Responsibilities
- Assist in the direction and administration of operations and processes for our funds.
- Check and process all cash management and payment processing activities, including margin calls, loan closings, drawdowns, paydowns, and interest payments.
- Ensure the quality and effectiveness of pricing governance and controls by identifying and mitigating pricing risks and documenting enhancements to the framework.
- Ensure relevant information is incorporated in the valuation of investments and that valuations reflect fair value.
- Calculate Net Asset Value (NAV) of funds on a daily, weekly, and monthly basis, including checking accrued income and expenses.
- Provide intra-NAV estimates to Asset Managers/Clients when requested.
- Liaise with fund administrators to reconcile final fund NAVs and monitor deliverables against service levels.
- Develop and deliver client reporting, respond to client queries, and assist the wider business where necessary.
- Oversee changes to incentive/performance fees, management fees, and other fee structures in scope.
- Responsible for account setup and daily reconciliation of transactions to ensure accuracy.
- Manage service provider relationships, including fund administration, loan administration, banking, auditors, and valuation agents.
- Assist in the preparation of annual financial statements and monthly investor reports.
- Actively monitor risk by identifying trends and potential issues with operational controls to improve the control environment and drive efficiencies.
- Take a proactive and innovative approach to enhancing processes and maintaining internal policies and procedures manuals.
Requirements
- 0-3 years of experience in accounting or audit, e.g., Real Estate Debt, Hedge Funds, Fund of Funds.
- Excellent Microsoft skills (PowerPoint, Excel, and Word).
- Strong communication skills, business knowledge, and ability to multitask.
- High levels of proactivity, organization, and self-motivation.
- A team player with the ability to work collaboratively and take individual ownership.
Pay
US Pay Range: $75,000 USD - $85,000 USD (base salary). Compensation packages also include benefits and a discretionary bonus.
Benefits
- Two annual 'Mankind' days of paid leave for community volunteering.
- Competitive holiday entitlements.
- Pension/401k, life, and long-term disability coverage.
- Group sick pay.
- Enhanced parental leave and long-service leave.
- Location-dependent benefits, such as private medical coverage, discounted gym memberships, and pet insurance.
- Flexible working arrangements.
- Professional development opportunities.