European Real Estate Fund Accountant (AVP/Senior AVP) - Global Alternative Investment Manager - £70,000 - £90,000 + Bonus + Benefits - Central London European Real Estate Fund Accountant (AVP/Senior  …

LH Partners
in London, United Kingdom
Permanent, Full time
Last application, 17 Sep 20
£70,000 - £90,000 + Bonus + Benefits
LH Partners
in London, United Kingdom
Permanent, Full time
Last application, 17 Sep 20
£70,000 - £90,000 + Bonus + Benefits
My client is a highly successful global alternative investment manager with a large global presence. With a strong track record of delivering consistent/strong returns for its clients, the company is a recognised market leader, offering a professional and positive working environment. Their London operations are now looking to hire an experienced Real Estate Fund Accountant (at AVP/senior AVP level) for their European Real Estate Finance team due to growth and increased activity. The VP, who this role would report into, would be an ideal mentor with this role looking for an ambitious real estate finance professional looking for career development

Search criteria:

  1. Fully-qualified (ACA/ACCA/CIMA) with 4 - 7 years of post-qualification experience and currently working for a real estate fund (instead of a fund administration firm or a large institutional investor).
  2. Must possess a strong understanding of Real Estate and the mechanics and fundamentals of Real Estate private equity (i.e. what is a capital call, a distribution, the fundamentals of cash management).
  3. A strong foundation of industry experience to be able to come in and hit the ground running, with the confidence to make decisions and suggest changes/improvement, providing guidance and oversight on day-to-day production and reporting activities. An individual who can drive things forward from a process, reporting and relationship building perspective
  4. Commercial acumen with the ability to build effective relationships with stakeholders in the front office (fund managers), senior management and service providers


Financial Reporting and Management

  • Instruct and oversee fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels
  • Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
  • Oversee calculation of property performance, AUM, NAV, management fees, performance fees
  • Support preparation of financial statements, investor reports, capital statements, presentations, questionnaires and head office management reports
  • Provide deal support, including financial analysis and execution of deal cashflows
  • Monitor cash and manage cash distribution process
  • Allocate and review costs and expense recharges
  • Manage audit and tax reporting processes
  • Maintain fund dashboard and Manager track record
  • Review capital call and distribution notices and cash allocation schedules
  • Prepare and review due diligence questionnaires, and presentations for fundraising

Deal Execution and Asset Management 

  • Review of tax structure paper in advance of acquisition
  • Review acquisition / sale completion accounts
  • Ensure acquisition accounting is accurately reflected in SPV / Propco accounts
  • Engage service providers including local auditors
  • Oversee property level and investment structure SPV level audits
  • Review financial statements for several investment structure SPVs, and oversee ongoing accounting
  • Review property level reporting from property managers, asset managers, and JV partners
  • Review budgets prepared by joint venture partners and agree fundings / distributions
  • Liaise with deal team to ensure agreement of fundings / distributions
  • Review capital activity documentation including drawdown and repayment notices on financing instruments, dividend declarations, and board meeting minutes and shareholder resolutions

Portfolio Management

  • Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee materials
  • Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs
  • Support budgeting and forecasting process with calculation of management fees and carried interest, and projected fund performance
  • Support risk management processes with qualitative and quantitative fund data


  • Cash management, including oversight of fund reserves and cash requirements
  • Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)
  • Manage FX risk (implement credit lines, scenario analysis, trade instruction and monitoring)

The role will have a broad remit to oversee specific areas of responsibility for certain functions, depending on their level of skills and experience, as the Real Estate Group is looking to implement more technology to assist automation (data and processes) in order to capture and analyse property and financial data. 

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