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Interim Property & Real Estate Fund Accountant

Ref: JN -102018-63228
GBP280 - GBP300 per day
UK, London
Accounting, Fund Accounting
5th October 2018
Job Type

Pricing and NAV review:

- Second review of monthly SPV reporting packs, Fund NAV's, prices, distribution calculations and other financial information prepared by outsourced service providers to the Fund

- Review of performance files prepared by the Associate

-Review of additional supporting documentation and information prepared by the Associate and provided to the administrator to prepare additional reporting including: AIFMD reporting, INREV SDDS reporting, and INREV fee metric

Budgets & Cash Management

- Second review of annual subsidiary budgets

- Review of consolidated Fund budget, and presentation to board

- Monitoring Fund cash requirements and reviewing the weekly cash-flow forecast prepared by the Associate. Providing updates on Fund liquidity at weekly operations meetings.

- Arrangement of internal financing to include: preparation of funding diagrams, management of PPL funding lines (including review of internal loan schedules) and movement of cash through the Fund structures

-Liaison with tax advisers to maximise cash repatriation to the Fund whilst minimising tax leakage

Transaction Support & Technical Accounting

- Supporting complex asset acquisitions and disposals by the Fund, including:

- For corporate acquisitions, managing financial due diligence, SPA review and closing accounts review carried out by advisers

- Preparing / reviewing funding diagrams based on tax advice

- On-boarding of new acquisitions, including agreement of service provider scope, ensuring service providers are adequately informed and instructed

- Preparing accounting memos for complex transactions and working to get these signed off with the auditors in advance of inclusion in the first NAV

Financial Statements

- Review of Fund annual financial statements prepared under IFRS and management of production of annual report

- Review of subsidiary financial statements prepared under local GAAPs

- Management of annual audit process

External Service Providers

- Ensuring service providers are adequately instructed, responding to accounting queries, monitoring and reviewing outputs and ensuring that the fund is receiving the appropriate level of service; attendance at relationship meetings to report on any updates or issue.

Additional Tasks

- Compliance monitoring reporting, covering statutory and fiscal compliance obligations of the Fund and its subsidiaries

- Review of rent arrears with asset managers

- Review quarterly investor report and inputs prepared by the Associate

- Responding to queries from investors and prospective investors relating to performance, NAV and other financial matters pertaining to the Fund

- Preparation of board reports (Fund and subsidiary), and Financial Oversight Memos

- Attendance at board meetings (Fund and subsidiary)

- Ensuring that accounting procedures are fully documented and kept up to date

- Attendance at weekly fund meetings


- Support the provision of financial control & oversight services (similar to above) for the Property Fund

- Line management of one direct report, including setting objectives and carrying out annual appraisal

- Assistance with ad-hoc projects covering various work streams of the Property Fund Finance team


ACA/ACCA qualified accountant (or equivalent)

Strong technical knowledge of IFRS

Good experience of financial statutory accounting

Property financial accounting experience (preferably including exposure to institutional property funds)

Experience of supervising staff preferable

Self-motivated with a diligent and detailed approach to completing tasks

Strong analytical skills. Able to understand, question and challenge a range of financial data

Confidence to communicate effectively with a range of internal and external parties

Flexible and proactive approach

This will be a highly visible role so requires someone with an approachable personality, strong focus and first class communication skills.

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