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Real Estate Commercial Finance Manager

Employer
Michael Page Finance
Location
UK
Salary
Competitive
Closing date
22 May 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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  • My client is searching for a Real Estate Commercial Finance Manager to be based in London
  • You will be responsible for the administrative and financial management of development projects across the UK, working in collaboration with the Development Manager and Project Manager

Client Details
  • My client is a privately owned real estate development and investment company
  • They are proud to have completed over 400 development projects totalling across the world including the USA
  • They expanded their industrial development operations into Europe and now have offices in London, Paris, Madrid and in Luxembourg, to list a few.

Description
  • You will be the interface between their accounting and tax firm, and all our third-party providers involved in each phase of the development (from pre-construction, construction, until practical completion)
  • In conjunction with the local Deal Makers, Development Managers and Construction Managers, you operate all the contract-to-invoice, invoice-to-book and book-to-report processes and control procedures to build-up an accurate controlling from budget and contracts, to cash management, invoices and payments
  • You will update development budget over the life of the development
  • You will follow the execution of the different payments and are responsible over the payment deadlines
  • You will participate to the preparation of the drawdown notices on each financing
  • You will drive the continuous improvement of their financial processes through digitalization, automation, and scalability
  • You will have responsibility for the measurement of the profitability on each project
  • You will provide necessary support to prepare and send monthly drawdown/utilization request to Lender.

Profile
  • Experience of forecasting and variance analysis
  • Good accounting experience in producing management accounts and reporting
  • A good understanding of all the different financing and capital structures either credit facilities or equity, plus all the drawdown utilization requests across the development project
  • A good understanding of their business model in terms of KPI that they look at: NOI, Cap rate for real estate investments, tenancy vacancy, recharges, property management / development fees
  • A good understanding of cash management/cash pooling management

Job Offer
  • 10% bonus
  • 25 days holiday + bank holidays
  • Ability to work from home up to 2 days a week
  • Monthly travel card (paid for)
  • Perks such as restaurant vouchers
  • Statutory Pension
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