Group Income & Reporting Accountant – Real Estate -London

Ref: (Ref: D21D270 )
Salary: £ 50,000 - 55,000
Specialist Area: Property Accountant
Type: Permanent
Start Date: ASAP


OUR CLIENT is an established global real estate investment business with a growing £multi-billion Real Estate portfolio. They have instructed us to help them hire a Group Income and Reporting Accountant who will plan and control the various accounting activities associated with the revenue streams, including ensuring the calculation of income is in accordance with the fee agreements, rebates, distributions fees are calculated on timely basis, that accounts are accurate and relevant analysis supports the business needs. Also, you will be expected to undertake day to day duties with minimal supervision.


THE ROLE: the successful Candidate will focus on below listed duties:

  • Establishing a high level of credibility and managing strong working relationships with stakeholders across the group and within the finance area.
  • Increasing the capability of finance to monitor, record, comment and forecast revenues and related costs across the group, ensuring accruals, reconciliations and financial controls are effective at all times.
  • Monitoring changes in the terms and conditions of fee agreements and structures with clients.
  • Preparing, calculating, presenting, and producing invoices for business entities ensuring completeness, accuracy and presentation are acceptable at all times.
  • Preparing, calculating, presenting, and producing rebate and distribution fee statements for business entities ensuring completeness, accuracy and presentation are acceptable at all times.
  • Maintaining the accounting records, AUM information, new business mandates, external rebates and internal and external commission structures.
  • Providing ad hoc analysis and report for wider business and investment teams.
  • Preparing group AUM and flows report for wider business use including group’s, marketing, compliance and business development.
  • Deputising for and supporting the activities of the Group Income & Reporting Associate Director as required.
  • Contributing to client take on process and reviewing IMAs and distribution agreements.

Calculation of revenue streams for accruals and invoicing purposes:

  • Calculating all fees (management, performance, other) due to group entities.
  • Recording and communicating rebates and distribution charges to investors.
  • Preparing monthly revenue journals for group entities and cost centres (accrued income/sales invoices) for review.
  • Assisting with ad hoc requests such as account analysis.
  • Maintaining and enhancing a rigorous process for recording income and ensuring the SUN nominal and analysis coding is accurate at all times.
  • Using Revport (Revenue and Expense management solution), preparing all management fee invoices, rebate and distribution fee statements on a timely basis ensuring review and sign off are achieved.
  • Ensuring up-to-date knowledge of sales contracts/client agreements/rate cards, etc, maintained.
  • Providing technical accounting input to new revenue arrangements and corporate structures.
  • Providing oversight of externally managed subsidiaries and investments.

Management Reporting:

  • Undertaking active involvement in monthly reporting and forecasting of revenue and related investor costs including full commentary and variance analysis as required by entities and group stakeholder.
  • Preparing sensitivity analysis of management and performance on various factors for example markets, flows and fee rates.
  • Ensure Finance maintains as complete and accurate assets-under-management database as possible, liaising with other functions to improve process and records
  • Forecasting commission’s structure and liaising with business development on agreements and agreed sales information.
  • Contributing to the annual budget process and five-year plan for revenue streams and associated financials.
  • Providing ad hoc analysis and reports to wider business and investment teams.
  • Assisting in the production of the portfolio quarterly report for investors of subsidiary.
  • Authority to assist commercial directors on any park related matters.
  • Liaising with outsourced providers to obtain park valuations.

Systems:

  • Maintaining Revport (Revenue and Expense management solution), highly flexible rule-based fee engine that automates revenue and expense management across the business.
  • Flagging issues on a timely basis to other finance team members as appropriate.
  • Reviewing existing processes and procedures and recommending enhancements and new controls as appropriate.

Other Accountabilities:

  • Supporting wider needs of group finance and regulatory reporting to provide input on balance sheet review and for regulatory large exposure monitoring purposes.
  • Preparing year-end accounting records for revenue-related balance sheet and profit and loss accounts.
  • Preparing group AUM and flows report to support wider business needs and providing ad hoc reports to other areas of business including marketing, business development and compliance.
  • Liaising with legal, business development during client take-on process and reviewing IMAs and distribution agreements.
  • Maintaining and implementing effective accounting procedures and controls.
  • Communicating with the business unit heads to improve relations and add value to their business from a finance perspective.
  • Ensuring the successful and timely delivery of information to auditors including statutory accounts.
  • Maintaining and implementing effective accounting procedures and controls.
  • Maintaining accurate and timely posting of journals (monthly journals and ad hoc journals requested by management).

Regulatory Responsibilities:

  • Adhering to the FCA’s Conduct Rules, understanding that they set basic standards of good personal conduct.


THE PERSON: to apply for this role you must be an experienced, confidential ACCA/CIMA qualified finance professional with an experience of asset management industry with involvement or understanding of fees, commission, and principles of revenue recognition from clients and third parties. You will be able to demonstrate an excellent grasp of general accounting fundamentals, double entry bookkeeping, accounts preparation and financial reporting including understanding of need for effecting financial control environment. You will have previous experience of working in a group/multi-business environment with multiple cost centres and clients and working as an accountant in a regulated environment with a thorough understanding of the principles and operation of financial controls and reconciliations. You will be able to demonstrate systems knowledge (SUN accounts package) and previous knowledge of Revport. This role is suited for a confident finance professional with ability to take the initiative, who is also deadline and results focused with a thorough understanding of the principles of VAT in a multi-jurisdictional environment. You will be able to assimilate new information and requirements or changed circumstances quickly and respond accordingly and be able to identify problems and implement solutions effectively.

Hybrid



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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.