Senior Fund Controller, UK Real Estate

Key Responsibilities

Financial and Regulatory Accounting & Reporting

• IFRS Financial & Regulatory Reporting - open-ended / closed-ended fund structures or segregated mandate structures
• Review and approval of IFRS / Local (statutory) GAAP financials within the fund structure
• Preparation of management accounts, including actuals v budget variance analysis
• Management and oversight of the fund administrators/ SPV external accounting service providers
• Calculation of fund and investor performance returns, Trading NAV, INREV NAV & TER, unit/share prices and management fees
• Distribution calculations - forecast and actual
• Management of the annual audit process for relevant funds and entities
• Financial loan covenant calculation and reporting
• Preparation of financial information for internal and external Board and Committees

Tax Compliance / Structuring (in conjunction with tax advisors)

• Monitoring and management of tax filings / tax compliance for income/corporate tax, withholding tax, capital gains tax, value add tax and FATCA/CRS
• Understanding of the fund tax structure
• Analysis of tax law change impacts on the fund structure together with the fund tax advisor
• Assurance of sufficient transfer pricing documentation and fulfilment of substance requirements
• Deal/Fund tax structuring support for Portfolio Management teams

Cash & Liquidity Management

• Cash management across the entire fund structure including regular capitalisation and liquidity forecasts in compliance with the fund specific cash management strategy defined by Portfolio Management
• Processing capital calls, distributions, redemptions
• Review and approve payment instructions based on the relevant Delegation of Authority matrix
• Maintenance of bank accounts and online banking solutions and keeping an actual bank account inventory

Investment Process Support & Risk Management

• Active management of the SPV/Fund liquidation process
• Financial due diligence of new target investments including financial appraisal
• Business partnering; providing financial expertise, review and structuring advice
• Preparation and /or review and interrogation of financial models
• Risk & Investment restrictions monitoring and reporting
• Financial Support for large development programs
• Preparation and / or review and validation of client financial reporting

Experience, Skills and Qualifications Required

• Indepth asset management industry experience, working within Real Estate and/or other real asset classes.
• In depth understanding of:
  • Current accounting standards (UK GAAP, IFRS and Lux GAAP)
  • Accounting for real assets activities and complex transactions
  • Common fund structures and tax issues
• Knowledge of local corporate taxation requirements / understanding of income/corporate tax/VAT
• Knowledge of UK and Luxembourg based fund structures
• Good Excel skills and competence with other Microsoft Office applications
• Organised with a structured approach to working across multiple activities
• Managing a variety of funds/entities simultaneously
• Oversight and management of third-party fund administrators, accountants, tax advisors etc.
• Proactive hands on mentality / can-do attitude
• Excellent communication skills
• Willingness to travel
• ACA / ACCA qualified or equivalent
• Yardi experience preferred