Senior Fund Controller, UK Real Estate Senior Fund Controller, UK Real Estate …

Fidelity International
in London, United Kingdom
Permanent, Full time
Last application, 26 Oct 20
Negotiable
Fidelity International
in London, United Kingdom
Permanent, Full time
Last application, 26 Oct 20
Negotiable
This role will manage the financial accounting and reporting across a range of real assets funds and segregated mandates. The Fund controller be responsible for developing and maintaining robust controls and process; and will ensure that fund pricing and financial reporting, including management accounts and financial statements, are produced consistently, on time and to a high standard across all entities.

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
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