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Financial Controller - JN 73518

  • Location:

    London, England

  • Sector:

    Accounting & Finance, Qualified/Senior Accountancy

  • Job type:

    Permanent

  • Salary:

    £60000.00 - £80000.00 per annum + Benefits & Bonus

  • Contact:

    Cobalt Recruitment

  • Contact email:

    corporateaccounting@cobaltrecruitment.com

  • Job ref:

    JN -052021-73518_1622554480

  • Published:

    01 June 2021

  • Expiry date:

    31 July 2021

  • Start date:

    ASAP

Cobalt are working with a growing real estate investor, currently seeking their first finance hire within the UK.

Reporting into the US Parent company and tasked with liaising directly with key stakeholders, this role will take full ownership of the accounting processes, but also work very closely with the UK based Partners and Senior Stakeholders. You will also be a key voice in continued business growth and further investment strategies.

Key duties include (but not limited to)L

  • Coordinate quarterly financial statements and owner capital statements for the JV and related ownership entities, as well as investor specific reporting

  • Coordination of management reporting package including financial statements and analysis of performance against budget

  • IFRS financial and regulatory reporting

  • Work with the third-party administrators and deal teams to prepare capital calls and distribution notices to investors

  • Oversee and manage process and procedures involving cash management of complicated structures, ensuring proper segregation of duties and no commingling of funds

  • Maintenance of bank accounts and online banking solutions and keeping an actual bank account inventory

  • Support the deal team on all transactions - acquisitions, disposals, refinancing, restructurings etc

  • Oversee the construction draw process and accounting, including preparation of draw requests (of equity or debt)

  • Establish a close working relationship with regional tax advisors and local legal counsel to ensure we meet all local statutory, regulatory and tax requirements.

  • Preparation of information for investor reporting, including NAV calculations and other ad hoc requests

  • Responsible for updating the joint venture waterfalls quarterly

  • Work with third-party operator and accounting service provider on monitoring and reporting of financial covenants per the LPA and any outstanding debt arrangements

  • Monitoring and management of tax filings / tax compliance for income/corporate tax, withholding tax, capital gains tax, value add tax and FATCA/CRS

Skills required

  • ACA/ACCA/CIMA Qualified (or equivalent)

  • Currently working within a real estate or private equity company in a similar capacity

  • Knowledge of local corporate taxation requirements / understanding of income/corporate tax/VAT

  • Understanding of local corporate taxation requirements / understanding of income/corporate tax/VAT

  • Knowledge of regulatory reporting and local corporation tax

  • Strong excel skills

  • Yardi software experience

If you work well within a team, would like to be apart of a growing real estate business and have strong communication skills, please apply with an up to date CV.