Fund Allocations Manager

The Manager, Fund Allocations manages the administration of fund related expenses including global Market Data and Research spend of $70m, with responsibility for the appropriate allocation of spend between Man and its funds, oversight of the Bloomberg estate, invoice allocations and timely payment.

You will be responsible for the day-to-day management of two direct reports, budgeting, forecasting, reporting and analysis of all research and data spend and ensuring the integrity of the Market Data inventory with appropriate controls over the month end processes.

 

Your Responsibilities:

• Oversee annual budget and reforecasting processes for all Market Data and Research (D&R) spend across firm, fund recharge and soft dollar spend, delivering accurate submissions and providing robust challenge to D&R spend
• Maintain and enhance a complex operational model for each Investment Manager to allocate D&R and non-D&R spend to funds, with monthly notional allocation changes by partnering with business managers
• Influence Allocation policy and support continuous refinement
• Manage Market Data Management (MDM) tool with responsibility for data structure and integrity, all inputs and reporting
• Responsible for month end processes and integrity of the ledger, including calculation and/or review of accruals and reconciliation
• Presenting and monitoring spend throughout the year and providing commentary to senior stakeholders
• Responsible for the US Soft Dollar payments process and maintaining internal controls
• Responsible for the correct allocation of D&R invoices across fund types and Man spend, ensuring invoices are split and processed via the correct payment method, with appropriate controls and governance
• Manage Bloomberg terminals firm wide, including all orders and changes
• Ensure appropriate treatment of VAT on fund spend for D&R
• Participate in and create materials for regular internal oversight committees
• Manage two direct reports, providing communication, support, coaching and mentoring to them and to the wider team

 

Your Background:

• Educated to degree level or equivalent 
• Minimum of 5 years’ experience in financial analysis
• Financial services experience required, with Investment Management preferred
• Proficiency in MDM preferred
• Highly numerate, and confident in manipulation of large data sets
• Experience of people leadership
• Market data experience, with a familiarity with data landscape and data vendors, preferred
• Power BI and Workday experience preferred
• Ability to develop partnership relationships with Business and Finance stakeholders at all levels

Our Culture, Values and Benefits at Man

Man Group is proud to provide the best working environment possible for all of its employees, and we are committed to equal opportunities. At Man Group we believe that a diverse workforce is a critical factor in the success of our business and this is embedded in our culture and values. There are a number of external and internal initiatives, partnerships and programmes that help us to attract and develop talent from diverse backgrounds and that encourage inclusion and diversity across our firm and the industry. Man Group is a Signatory of the Women in Finance Charter and the Race at Work Charter.

Man Group supports many charities, and global initiatives. We support professional training and development, and requests for flexible or part-time working. Employees are also offered two 'Mankind' days of paid leave per year as part of the Man Charitable Trust's community volunteering programme.

We offer comprehensive, firm-wide employee benefits including competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave.  Additional benefits are tailored to local markets and may include private medical coverage, discounted gym membership and wellbeing programmes.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact Peopleoperations@man.com.

 

 

Man Group is a global, technology-empowered active investment management firm focused on delivering alpha and portfolio solutions for clients. Headquartered in London, we manage $174.9 billion* and operate across multiple offices globally.

We invest across a diverse range of strategies and asset classes, with a mix of long only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets. Our investment teams work within Man Group’s single operating platform, enabling them to invest with a high degree of empowerment while benefiting from the collaboration, strength and resources of the entire firm. Our platform is underpinned by advanced technology, supporting our investment teams at every stage of their process, including alpha generation, portfolio management, trade execution and risk management.

Our clients and the millions of retirees and savers they represent are at the heart of everything we do. We form deep and long-lasting relationships and create tailored solutions to help meet their unique needs.

We are committed to creating a diverse and inclusive workplace where difference is celebrated and everyone has an equal opportunity to thrive, as well as giving back and contributing positively to our communities. For more information about Man Group’s global charitable efforts, and our diversity and inclusion initiatives, please visit: https://www.man.com/corporate-responsibility

Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com

* As at 30 September 2024. All investment management and advisory services are offered through the investment engines of Man AHL, Man Numeric, Man Discretionary, Man FRM, Man Varagon, Man Global Private Markets and Man Solutions.