Job Title Assistant Fund Controller
Assistant fund controller for £1.6bn + open ended, monthly priced, FCA regulated UK property fund with associated feeder UT and offshore asset owning SPV vehicles.
The chosen candidate will be expected to closely support the fund controller in their role including all aspects of day to day finance control and operations within the fund plus reporting to both internal and external stakeholders. They will be expected to work with internal and external resources to implement and operate suitable processes and controls to allow for timely and accurate fund reporting and be able to step in as fund controller as and when required.
Preparation of monthly fund accounts reporting to include NAV, total distribution calculations and back up papers for the main fund, its feeder unit trust and offshore SPVs.
Oversight of property manager accounting teams to include establishing consistency of service, and ensuring quality, accuracy and timeliness of their outputs.
Assist in preparation of interim accounting report and year-end report and accounts for audit. Take lead in preparation and provision of working papers for year-end audit and preparation of SPV accounts.
Preparation and submission of quarterly VAT reporting for the fund and its SPV vehicles. To include partial exemption calculations, review and oversight of property manager accounting teams and liaison with external tax advisors.
Preparation of information for external tax advisors for tax returns.
Preparation and submission of monthly CIS reporting for the fund and its SPV vehicles (where applicable).
Be a recognised expert in the Yardi Voyager accounting and property management system which is utilised by the property managers and for fund accounting. Full training provided.
Liaise with/oversee registrar/administration service provided by external organisation. To include regular oversight meetings and ensuring quality of service.
Liaise with/oversee service provided by administrators in respect of offshore SPVs in the structure.
Handle requirements for depositary reporting, be key day to day point of contact for depositary and lead quarterly meetings. Provide input into regulatory reporting.
Support the property investment team in understanding property-specific accounting and tax issues.
Assist the property investment team with preparation of IPD information and other property specific performance reporting on both a quarterly and annual basis.
Assist the property investment team and fund controller if required by calculating performance metrics, modelling fund return scenarios and preparing budgets including cash flow forecasts.
Qualified ACA or ACCA. Audit background desirable.
Real estate experience
Knowledge and understanding of both UK GAAP and IFRS and their application to the real estate sector. Able to prepare fund statutory accounts for audit.
Good interpersonal skills, confident and assertive where required, and pro-active
Ability to prioritise and co-ordinate tasks efficiently ensuring all deadlines are met
Maintains a positive attitude towards routine tasks
Accurate and exceptional attention to detail, analytical approach
Sociable and outgoing
Flexible approach to work
Understands and appreciates the importance of using discretion
Team player who deals effectively with colleagues, clients and outsourced service provider