Fund Operating Officer

Fund Operating Officer | London | £55000 - £65000 per annum | Property / Housing 

This role is responsible for providing day to day financial management and operational support to the Fund Manager of the businesses three active real estate funds. As such the incumbent will be involved in a broad range of financial commercial activities and interacting internally and externally with a variety of different professional disciplines.

These would include financing and taxation, asset management and software development.

As part of the funds' executive committee, the incumbent will be able to play a proactive role in the day to day decision making and oversight activities of the Funds.

If you have experience within REIT's and are looking for a new challenge this could be the right role for you.

The main responsibilities for the position include:

Investor reporting and liaison

• Managing the funds' quarterly investor reporting process, taking responsibility for the presentation and development of quarterly performance reports to the Investment Committee and quarterly investor reports
• Working with the Fund Manager on ad-hoc investor communications, presentations and any other additional matters relating to the Manager's obligations under the funds' LPAs and side letters, including presenting the funds' financial performance
• Review and sign-off of ad hoc investor financial reports
• Ensuring funds' and Manager's compliance with obligations and undertakings in the funds' LPAs and side letters

Financial Operations

• Participating alongside the Fund Manager as an active member of the funds' executive committee, managing the day to day financial operating matters and investment performance of the funds
• Working with the corporate finance team to ensure that debt facilities and investment structures are compliant with funds' terms and side letters and requirements, and that operationally and tax efficient investment structures are maintained
• Arranging and co-ordinating subsidiary board reviews of investments and responsibility for ensuring that subsidiaries are operated in a manner consistent with meeting the investment structuring objectives of the relevant entities
• Monitoring and reporting on the funds' quarterly real estate valuations and equity investment valuations
• Managing the funds' and investment's regular forecasting process, working with the asset management team to identify and report on variances to business plan performance and where appropriate the implementation of remedial actions

Cash flow and treasury management

• Monitoring and managing the funds' cash flows and working capital, and the fund's performance KPIs responsible for determining draw downs and distributions and the utilisation of the Fund's working capital facilities
• Lead relationship with bridge facility providers
• Setting and implementing the fund's foreign exchange risk management strategies
• Monitoring and managing the cash-flows between the funds and their investments and investment performance KPIs (business plan, actual, interim and forecast IRRs, multiples and cash yields)
• Monitoring the fund's third-party debt facilities and interest rate hedging positions, including compliance with covenants and undertakings and initiating and negotiating facility amendments as and when required; arranging and coordinating regular asset reviews on behalf of lenders

Candidate profile

The successful candidate will demonstrate the following attributes:

* Work experience in:

• private equity investment management principles and industry practice
• limited recourse financing
• European real estate investment structures and taxation
• cash flow management
• financial risk management (principally hedging)

* Financial experience in the real estate private funds sector
* Ability to work autonomously and as part of a team, within a matrix reporting structure
* Strong communication skills in English language, both written and oral
* Confidence and clarity in presenting financial information and concepts
* Detail oriented and thorough
* Ability to multi-task and prioritise effectively and work in a deadline driven environment
* Strong analytical and financial skills
* Degree qualified in accounting, finance or a related field
* Member of ICAEW/ACCA, or an overseas equivalent

About the Business:

The business has been an active real estate investor and manager for 25 years and focuses on assets which suit its value-add management style, targeting well-located, multi-let properties in the shopping centre, industrial and office sectors across Europe. To date the real estate business has successfully completed over USD 8bn transactions.