Senior Fund Finance Manager (12 month fixed term contract) in City of Westminster

About the Company

Our purpose is to build prosperity by investing in resilient real assets. Our vision is to be a trusted investment manager, respected for our expertise in restorative real estate investment enabling people, communities and eco-systems to thrive. We are a dedicated real estate and real-estate debt specialist managing €25.5bn on behalf of institutional investors globally. Our global platform of 15 locations enables us to combine a truly global perspective with local expertise to offer investors a range of compelling strategies. The firm has over 30 years of experience delivering real estate strategies for investors, with over 380 staff dedicated to positive client outcomes. Our strategies span the office, logistics & industrial, retail, living and debt sectors, and have been designed with the flexibility to meet the needs of a wide range of investors. Responsible investment is integrated into our investment-management process to ensure that responsible investment risks and opportunities are not siloed, but recognised and acted upon throughout our business, as well as communicated to investors.

Savills Investment Management: Resilience. Responsibility. Results.

Job Purpose

The key objectives of the Senior Fund Finance Manager (SFFM) role are to be responsible for all transactions, management and financial accounting and reporting for all entities within their Fund entities and Mandates; to build and manage all key relationships including auditors, service providers (accounting, tax, administration, custody and audit) preparing that reporting; and to provide local Finance support and advice to non-Finance colleagues and investors. This is a 12-month fixed-term role covering two consecutive maternity leaves.

Role Responsibilities

• Transactions: Manage the financial side of transactions alongside the portfolio managers, Head of Tax and Head of Treasury, including tax-efficient structuring, financial due diligence, incorporation of holding companies, drafting transaction approval papers, preparing funds flow, and ensuring debt and investor equity financing is in place.
• Investor reporting and financial accounting: Coordinate the finance elements of monthly pricing, quarterly investor reporting and annual statutory accounts. Manage outsourced accounting service providers, review their outputs, sign off consolidated accounts, review NAV calculations including INREV adjustments, and write financial commentary for investors. Manage the audit process and resolve audit queries within agreed timetables.
• Client services, investors, debt and cash management: Act as the finance representative for the fund / mandate with the client services team and investors. Respond to investor queries, attend investor meetings, input into investor presentations, prepare drawdowns and review distribution calculations. Manage cash flow across the fund / mandate structure, approve payments, review intercompany interest, manage bank reconciliations, prepare cash forecasts, and support the treasury team with debt-raising activity including covenant modelling and bank reporting.

Person Specification

• Qualified Accountant
• Typically around 5+ years work experience post accountancy qualification;
• Knowledge of, and experience of working with, property investments is essential;
• Advanced Excel skills and competence with other Microsoft Office packages;
• Knowledge of IFRS (and local GAAP, if IFRS is not accepted locally);
• Knowledge of real estate tax structuring, including local corporate and VAT taxation requirements.
• Strong interpersonal skills, able to interface with non Finance colleagues, investors, banks and service providers;
• Strong project management and communication;
• Self starter with a proactive attitude and be able to demonstrate this during interview;
• Excellent written and spoken English;
• Staff management experience and a team player.

We are a committed equal opportunities employer and welcome applications from all individuals, regardless of age, disability, gender, sexual orientation, race and religion. We are focused on fostering a culture and environment that allows for inclusion and diversity throughout our business. Savills IM offers several employee led forums which provide support and guidance around Diversity & Inclusion, as well as ensuring our principles are built in to all of our processes, practices and expectations.