Manager or Assistant Fund Controller

Manager or Assistant Fund Controller

We are looking for an experienced professional to support the Fund Controller for managing full spectrum of accounting, tax, operation, and reporting of Pan-Asia real estate funds.

Responsibilities

The role of Assistant Fund Controller is first and foremost to ensure smooth day to day operations of the Funds in coordination with the fund administrator, accuracy and timely of financial reporting and effective oversight of service providers.

Fund accounting and reporting

Perform review and oversight of monthly accounts of SPVs, quarterly consolidated accounts of the Funds, quarterly investor’s capital account statement and quarterly Fund’s performance calculation that prepared by the service provider to ensure accuracy and timeliness of reporting deliverablesPerform the management fee calculationsResponsible for annual audit process, acting as a point of escalation for complex issues to the Fund Controller in order to ensure accurate and timely delivery of audited financial statements to the investors Responsible for effective oversight of key service providers including monitoring the service provider’s performance, addressing queries raised, stepping in in resolving issues and ensure smooth day to day delivery of work scopeResponsible for any internal reporting requirements such as AUM, debt information and etc

Tax Compliance

Managing and monitoring the tax compliance of SPVsLiaise with tax agent and internal tax department on FATCA/CRS matters, entity classification for U.S. tax purposes, investor’s tax return and etc

Cash management

Managing and monitoring compliance with loan covenants of property holding companies includes preparation of a forecast of financial covenants on rolling four quarters basisResponsible for drawdown and repayment of the Fund’s revolving credit facility and managing the compliance with information undertakings Responsible for distribution and liquidity forecast of SPVs including conducting the solvency test calculation on each dividend declarationSupport fund controller in overseeing capital call and distribution process Managing the invoice approval and payment process in coordination with the service providers to ensure the authorization is in compliance with the relevant Delegation of Authority matrix, timely payment and mitigate payment fraud riskCoordinate with the service provider for opening and closing of bank accounts, change in bank signatories and KYC requirements for banks/FX counterpartiesResponsible for the semi-annually/annual recertification of bank account and bank signatories and maintain the inventory list of bank accountsResponsible for annual budgeting process of the Fund and SPVs to ensure the approved budget is implemented on timely mannerPerform review the quarterly cash flow forecast of SPVs prepared by the service provider, monitoring the liquidity and acting as a point of escalation of liquidity shortfall to the Fund Controller

Fund Administration & Corporate Governance

Work in coordination with the service provider to handle all SPVs corporate secretarial matters as well as opening and closing of bank accounts for SPVsEnsure ongoing compliance with internal compliance policies, all applicable legislative and regulatory requirements. This also includes monitoring of compliance in accordance with the terms set out in fund’s documentsMaintain and update the business information of SPVs in the inhouse system on timely mannerManaging the liquidation process

Other tasks

Participate in projects involving with system implementation, internal control, work processes and efficiencySupport Fund Controller in handling the closing deliverables, establishment of entities and any post-closing matters for acquisition and disposition of Fund’s investmentsSupport Fund Controller with any ad-hoc reports as and when are assigned

Requirements

You are a qualified Accountant or possess relevant recognized qualification such as ACCA, CPA, with minimum 6-10 years of fund operation experience in real estate private equity industry or asset management industry, with at least 3 years in supervising outsourced functions like fund accounting services, transfer agency services, corporate secretarial services, and other relevant services.

Job Description for Assistant Fund Controller

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE:

PRU). With $1.3 trillion in assets under management, and 47 offices spanning 18 countries,

PGIM is among the world’s largest asset managers. Comprised of six self-governing

asset management divisions, each PGIM business offers a distinct workplace culture that aligns

with the firm’s ultimate objective: to provide premier service to our clients while fostering an

inclusive workplace culture that is rooted in trust, respect and equality.

About PGIM Real Estate

As one of the largest real estate managers in the world, PGIM Real Estate strives to deliver exceptional

outcomes for investors and borrowers through a range of real estate equity and debt solutions across the

risk-return spectrum. We engage in practices that ignite positive environmental and social impact, while

pursuing activities that strengthen communities around the world. As a member of our team, your ideas

and collaboration will spark meaningful impact for our investors, borrowers, and your colleagues. We will

welcome your insight and will focus on growing your skills within our world-class organization.

About the role

The Position

We are looking for an experienced professional to support the Fund Controller for managing full spectrum

of accounting, tax, operation and reporting of pan-Asia real estate funds.

Key Responsibilities

The role of Assistant Fund Controller is first and foremost to ensure smooth day to day operations of the

Funds in coordination with the fund administrator, accuracy and timely of financial reporting and

effective oversight of service providers.

Fund accounting and reporting

• Perform review and oversight of monthly accounts of SPVs, quarterly consolidated accounts of

the Funds, quarterly investor’s capital account statement and quarterly Fund’s performance

calculation that prepared by the service provider to ensure accuracy and timeliness of reporting

deliverables

• Perform the management fee calculations

• Responsible for annual audit process, acting as a point of escalation for complex issues to the Fund

Controller in order to ensure accurate and timely delivery of audited financial statements to the

Investors

• Responsible for effective oversight of key service providers including monitoring the service

provider’s performance, addressing queries raised, stepping in in resolving issues and ensure

smooth day to day delivery of work scope

• Responsible for any internal reporting requirements such as AUM, debt information and etc

Tax compliance

• Managing and monitoring the tax compliance of SPVs

• Liaise with tax agent and internal tax department on FATCA/CRS matters, entity classification for

U.S. tax purposes, investor’s tax return and etc

Cash management

• Managing and monitoring compliance with loan covenants of property holding companies includes

preparation of a forecast of financial covenants on rolling four quarters basis

• Responsible for drawdown and repayment of the Fund’s revolving credit facility and managing

the compliance with information undertakings

• Responsible for distribution and liquidity forecast of SPVs including conducting the solvency test

calculation on each dividend declaration

• Support fund controller in overseeing capital call and distribution process

• Managing the invoice approval and payment process in coordination with the service providers to

ensure the authorization is in compliance with the relevant Delegation of Authority matrix, timely

payment and mitigate payment fraud risk

• Coordinate with the service provider for opening and closing of bank accounts, change in bank

signatories and KYC requirements for banks/FX counterparties

• Responsible for the semi-annually/annual recertification of bank account and bank signatories and

maintain the inventory list of bank accounts

• Responsible for annual budgeting process of the Fund and SPVs to ensure the approved budget is

implemented on timely manner

• Perform review the quarterly cash flow forecast of SPVs prepared by the service provider,

monitoring the liquidity and acting as a point of escalation of liquidity shortfall to the Fund

Controller

Fund Administration & Corporate Governance

• Work in coordination with the service provider to handle all SPVs corporate secretarial matters as

well as opening and closing of bank accounts for SPVs

• Ensure ongoing compliance with internal compliance policies, all applicable legislative and

regulatory requirements. This also includes monitoring of compliance in accordance with the

terms set out in fund’s documents

• Maintain and update the business information of SPVs in the inhouse system on timely manner

• Managing the liquidation process

Others

• Participate in projects involving with system implementation, internal control, work processes and

efficiency

• Support Fund Controller in handling the closing deliverables, establishment of entities and any

post-closing matters for acquisition and disposition of Fund’s investments

• Support Fund Controller with any ad-hoc reports as and when are assigned

Skills and Qualifications

• Qualified Accountant or relevant recognized qualification (ACCA, CPA & etc)

• 8-10 years of fund operation experience in real estate private equity industry or asset management industry, with at least 3 years in supervising outsourced functions like fund accounting services, transfer agency services, corporate secretarial services and other relevant services

• Hands-on fund operation experience with an in-depth understanding of operational and

accounting requirements for real estate private equity funds, with hands-on attitude

• High level of attention to detail and ability to resolve conflicting priorities

• Demonstrates a proactive and risk-focused approach to work, understanding the importance of identifying and raising issues appropriately

• Prepared to take the initiative, understanding that a highly organized team can drive better performance, and can take the lead in managing operational improvements and change

• Ability to work in a multifaceted, fast-paced environment while maintaining efficiency and accuracy

• Strong communication skills, ability to deliver message in a very professional, timely and concise manner both internally and externally

• High proficiency in Microsoft Excel and prior hands on experience in implementation of accounting software (e.g. Microsoft Navision, MRI, Yardi, etc.) would be an advantage

Our Culture

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing

their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on

it. At Prudential employees have a unique opportunity to build their career path by owning their

development, their career and their future.

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