Fund Financial Controller

- Real Estate Investor/Developer

- London

- Hybrid working

- Permanent

Altum Consulting are excited to be supporting an established Real Estate investment fund with c.£3bn AUM and a strong presence in the UK and Europe investing across multiple asset classes including residential, data centres, logistics, office and retail.

The Fund Controller will play a key role in creating a robust controls and reporting environment across their active funds and co-investment vehicles, managing a finance team of 5 and overseeing the output of external fund administrators. Working closely with the partners, asset managers and c-suite.

Responsibilities,

• Oversee the financial reporting and administration of real estate funds, ensuring accurate and timely delivery of reports to investors
• Manage relationships with outsourced fund administrators, providing oversight to improve and enhance the quality of fund administration and financial statement production;
• Reviewing and signing off capital account (NAV) statements and quarterly financial statements for all funds ahead of issuance to investors;
• Working with administrators to manage the fund structures; ensuring the structure is appropriate for each scheme and managing the administrators to deliver on set-up and monitoring of these structures;
• Assist with the delivery and integration of a new accounting system, ensuring operations are operating and efficiently and deliver on greater automation goals;
• Liaise with the investment team to provide key financial insights and reporting;
• Liaise with the investor relations team to answer investor queries and deliver high quality quarterly reporting;
• Management of the fund's FX and interest rate exposures, including reporting to the Risk Committee;
• Managing relationships with banks and FX providers to deliver and negotiate appropriate credit lines;
• Management of the annual fund audit, collaborating with external administrators to ensure time lines are met;
• Monitor adherence to Limited Partnership Agreements (LPAs) and ensure compliance with relevant regulatory frameworks;
• Oversight of fund liquidity, ensuring all funds have appropriate funds at all times;
• Management of capital calls and distributions to investors, and associated co-investment and carry schemes;
• Support the CFO and Head of Finance in strategic financial decision-making

Required Experience,

• Fully qualified accountant (ACA, ACCA, or equivalent)
• Minimum 2 years of post-qualification experience in real estate
• Strong understanding of the real estate sector
• Understanding of fund structures and able to interpret LPAs
• Ability to engage directly with investors on specific requests
• Experience in managing audits and preparing financial statements
• Experience in preparing and managing investor reporting (financial statements, quarterly reporting, capital account, tax returns)
• Organised and able to manage multiple work streams and deadlines
• Strong attention to detail and ability to review work of external administration team
• Desire to take ownership, integrate within the business and manage stakeholders
• Positive attitude and ability to add value to the finance team and the wider business
• Strong verbal and written communicator and able to represent the firm externally desirable
• Experience of managing multiple external administrators across different jurisdictions