Corporate Controller – Real Estate Lending -London

Ref: (Ref: D20D986 )
Salary: £ 85,000 – 95,000 + Bonus
Specialist Area: Fund Controller
Type: Permanent
Start Date: ASAP

OUR CLIENT is an independent and successful non-bank finance business; offering private debt finance for property developers. Their aim is to fill the financing gap left by banks and traditional credit providers that have receded from the European credit markets as a result of increased regulation and the global financial crisis. As they continue to grow, they have solely instructed us to help them appoint a Financial Controller to manage a small finance function in their London office.

THE ROLE will involve directing external fund bookkeepers, liaising with investor clients and their finance departments, calculation and recording of fund level activities and managing external audit processes of both company itself and the funds it advises. The successful candidate will undertake the following tasks, but not be limited to:

Fund vehicles

• Directing and managing the external fund administrators in the ongoing operations of the fund vehicles including investor drawdowns, distributions, board meetings, deal approvals, expense and cost approvals, inter-company cash management, intercompany structuring.
• Recording and calculations in relation to the above.
• Ongoing direction and management of external bookkeepers maintaining the monthly, quarterly, and annual fund accounts.
• Managing external debt facilities including waterfall preparation, covenant tracking, cash flow forecasting.
• Preparing / reviewing monthly / quarterly external investor reports including fund cashflow forecasting with assistance of internal staff.
• Managing external fund auditors / year-end audit process where applicable.
• Setting up any new fund vehicles including legal structure and tax.

Internal finance

Providing supervision / assisting in preparation and review of:

• Annual budgets for internal management entities.
• Monthly management accounts prepared by Management Accountant.
• VAT returns prepared by Management Accountant.
• Statutory accounts for management and related entities prepared by Management Accountant including liaising and managing company’s external bookkeepers.
• Arranging payment of invoices with the assistance of Management Accountant.
• External auditors / year-end audit process for the company.
• Sourcing and introducing new software for internal accounting.

Loan book reporting, administration, management

Preparing with assistance and reviewing:

• Calculation / tracking of interest, fees, principal, draws, repayments of loans to clients and associated financing instruments which fund those loans.
• Monthly client statement preparation.

Regulatory and compliance

• Managing relationship with company’s UK regulatory wrapper provider.
• Managing internal and external regulatory policies e.g. AML, GDPR, CFA 2017 etc. and liaising with compliance consultants and external parties.

THE PERSON: To apply you must have prior experience in finance, specifically in private debt / equity, investment management or investment banking – real estate experience will be seen as strongly advantageous, and you should possess previous exposure to fund vehicles. It is essential that you are ACA / ACCA qualified combined with solid relevant technical skills and ideally exposure to risk, compliance and regulatory controls You should be used to working in an SME / medium sized - corporate and “hands-on” environment with broad exposure (as opposed to large fund finance department / narrow exposure). You must possess excellent knowledge of Excel, Word and PowerPoint. You will be offered to work 2 or 3 days from the office going forward as the company is adopting hybrid working. Our client is looking for someone interested in mid to long term commitment and to help them continue to grow.

Follow us on Twitter and on LinkedIn or like us on Facebook

Please note that due to volume we cannot get back to everyone, however every application is looked at and considered and will be held on Trident International’s database for review. If you have not heard back from us within 5 working days you should assume your initial application has been unsuccessful, however if suitable roles arise in the future we will make every effort to contact you. By applying for this job, you accept the Privacy Policy and Disclaimers which can be found on our website.