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Real Estate Commercial Finance Manager

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

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