Fund Finance Manager

2 months ago

Singapur, Singapore Tri-Cap Consulting Full time

Fund Finance Manager

Looking for an experienced Finance professional to support the fund accounting capability by applying IFRS and applicable GAAP to investments of Asia Pacific core or core-plus real estate fund, ensure financial reporting, investor reporting, cash management and capital transactions are properly recorded and timely delivered, and strive to build good working relationships with both internal and external stakeholders, fund administrators and service providers.

Responsibilities:

Financial and Investor Reporting

Coordinate with fund administrators to review the monthly, quarterly, and annual financial statements in accordance with applicable accounting standards and compliance with fund partnership agreements.Review the investment entities’ standalone and/or consolidated financials, including the supporting workpapers and reconciliations.Handle audit and tax and ensuring timely completion per the partnership documents and statutory filing deadlines.Prepare analysis and support schedules to management discussion and investors’ queries.Prepare and reviewing the quarterly investor reports, partner capital statements and ad hoc investor reporting.Prepare debt compliance certificates and lender reporting.Ad hoc finance duties and initiatives from management as required.

Capital Transactions, Cash and Debt Management

Monitor the cash position of the portfolios and ensure cash needs are met (including but not limited to working capital, debt servicing or other compliance requirements). Analyze cash positions and ensure capital calls and distributions are planned appropriately to meet the needs of the fund and its investors.Timely issuance of capital call and distribution notices and monitoring receipts of funds per the notices’ value dates.Monitor loan covenants and debt servicing dues (e.g. interest, and commitment fee payments).Monitor capital calls and subline fundings and timely downstream of funds flow within the Fund investment structure to facilitate deals’ acquisitions.Monitor timely upstream of semi-annual and annual distributions flow within the Fund investment structure and to the Limited Partners.Managing the invoice approval and payment process in coordination with the service providers and/or fund administrator to ensure the authorization is in compliance with the relevant Delegation of Authority matrix, timely payment and mitigate payment fraud riskCoordinate with the service providers and/or fund administrator for opening and closing of bank accounts, change in bank signatories and KYC requirements for banks/FX counterparties

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 documentsMaintain and update the business information of SPVs in the inhouse system on timely mannerWork with service providers and appointed liquidators in managing the liquidation process

Other tasks

Participate in projects involving improvements in internal control and work processesSupport 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

Requirements:

Degree in Accounting, Finance, or related field with at least 8 years in IFRS consolidation and finance operations in real estate/fund management industry, with background from Big 4 audit firmsGood understanding of SFRS and IFRS, fund investment structures and tax regulations (incl. corporate income taxes, WHT and VAT)Ability to adapt and multi-task in firm with lean reporting structures

Fund Finance Manager Looking for an experienced Finance professional to support the fund accoun ng capability by applying IFRS and applicable GAAP to investments of Asia Pacific core/core-plus real estate fund, ensure financial repor ng, investor repor ng, cash management and capital transac ons are properly recorded and mely delivered, and strive to build good working rela onships with both internal and external stakeholders, fund administrators and service providers.

Responsibili es Financial and Investor Reporting

 Coordinate with fund administrators to review the monthly, quarterly, and annual financial statements in accordance with applicable accounting standards and compliance with fund partnership agreements.

 Review the investment entities’ standalone and/or consolidated financials, including the supporting workpapers and reconciliations.

 Handle audit and tax and ensuring timely completion per the partnership documents and statutory filing deadlines.

 Prepare analysis and support schedules to management discussion and investors’ queries.

 Prepare and reviewing the quarterly investor reports, partner capital statements and ad hoc investor reporting.

 Prepare debt compliance certificates and lender reporting.  Ad hoc finance duties and initiatives from management as required.

Capital Transactions, Cash and Debt Management

 Monitor the cash position of the portfolios and ensure cash needs are met (including but not limited to working capital, debt servicing or other compliance requirements).

 Analyze cash positions and ensure capital calls and distributions are planned appropriately to meet the needs of the fund and its investors.

 Timely issuance of capital call and distribution notices and monitoring receipts of funds per the notices’ value dates.

 Monitor loan covenants and debt servicing dues (e.g. interest, and commitment fees payments).

 Monitor capital calls and subline fundings and timely downstream of funds flow within the Fund investment structure to facilitate deals’ acquisitions.

 Monitor timely upstream of semi-annual and annual distributions flow within the Fund investment structure and to the Limited Partners.

 Managing the invoice approval and payment process in coordination with the service providers and/or fund administrator 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 providers and/or fund administrator for opening and closing of bank accounts, change in bank signatories and KYC requirements for banks/FX counterparties

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

 Work with service providers and appointed liquidators in managing the liquidation process

Other tasks

 Participate in projects involving improvements in internal control and work processes  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

Requirements:  Degree in Accounting, Finance, or related field  8+ years of experience in IFRS consolidation and finance operations in real estate/fund

management industry, with background from Big 4 audit firms  Good understanding of SFRS and IFRS, fund investment structures and tax regulations

(incl. corporate income taxes, WHT and VAT)  Ability to adapt and multi-task in firm with lean reporting structures

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