A Global Custodian is seeking a Finance Associate. They offer a supportive environment that encourages innovation and creativity whilst maintaining a healthy lifestyle balance. You will be joining one of Europe's leading Investment Management firms where you can expect real responsibility and recognition from day one. We are large enough to offer a wide variety of career opportunities, whist small enough to treat you as an individual and tailor training and development to your specific needs.
The role will include but not be limited to:
This role involves responsibility for accounting, financial control and oversight services in relation to Prudential's international property investments and UK property joint ventures.
Reporting into a Manager, the role's principal responsibilities include provision of accounting, financial reporting and oversight services in relation to UK property joint venture investments with total funds under management (at 31 Dec 17) of £0.4bn and international property investments held in North America, Canada, Europe and Australia, with total funds under management (at 31 Dec 17) of £2.4bn. Maintenance of books and records for the UK property holdings, using the Yardi Voyager system, in accordance with team procedures and controls.
Preparation of quarterly financial reporting and disclosures under IFRS and FRS102 for submission to the Prudential Group Finance team using the HFM system. Preparation of monthly trial balance reporting and quarterly additional disclosure information under IFRS for international investments for submission to the Prudential Group Finance team. Preparation and provision of data and financial reporting to Prudential UK and Group finance teams to support compliance with Solvency II. This includes reporting asset data to tight quarterly deadlines. Preparation of consolidation elimination reporting for submission to Prudential Group Preparation of statutory accounts, under local GAAP, for the international subsidiaries. Provision of information and explanations to internal and external auditors. Provision of information and explanations to the Prudential Group Tax team to assist them in meeting tax compliance and other reporting requirements. Operation and documentation of monthly and quarterly balance sheet controls, including challenging numbers and detailed analytical review. Review and improvement of existing reporting processes to enhance the robustness of procedures and controls. Ensuring team process notes are fully up to date, and that spreadsheets have been designed in compliance with the UDA policy. Maintenance of loan schedule and review of interest calculations prepared by external parties. Liaison with outsourced property managers to ensure accuracy of property level data for use in accounting returns. Liaison with other parties involved in the end-to-end operating model (external accountants and property managers, M&G Real Estate) to ensure business processes are designed, implemented and operated to support the requirements of the financial reporting processes. Liaison with Prudential Group/UK finance teams. Participate in cross-training to allow cover for periods of absence and flexibility in the management of peak workloads. Assistance with ad-hoc projects covering various elements of the work of the Property Fund Finance team.
The ideal candidate is likely to have:ACA/ACCA part-qualified accountant (or equivalent) Strong technical knowledge of IFRS and FRS102 accounting for investment property Good experience of financial statutory accounting Property financial accounting experience Excel (to advanced level is desirable) Self-motivated with a diligent and detailed approach to completing tasks. Strong analytical skills. Advantage Resourcing is a service driven recruitment consultancy.
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