Nuveen Investments Assistant Finance Manager, Real Estate, UK in London, United Kingdom
Sr Investment Accountant
The Senior Investment Accountant ensures that investment accounting policies and procedures are correctly applied to financial transactions. Under minimal supervision, this job works directly with asset management, portfolio management and acquisition/disposition teams. This job leads a team to prepare month end closing reports and subsidiary quarterly financial analytics, and reports to senior management ensuring accurate asset evaluations.
Key Responsibilities and Duties
Prepares timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, REIT restructuring, and financial performance).
Incorporates frequent ad hoc financial inquiries into the monthly and quarterly reports, adding value by providing management insight into the activities of the underlying properties.
Calculates unlevered and levered, gross and net portfolio performance returns and property internal rates of return.
Converts modified cash basis accounting information provided by third party management firms to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
Provides guidance to junior Investment Accountants regarding issues that require more advanced knowledge and experience.
3 Years Required; 5 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
Overview of the RoleÂ
â¢Â Â Â Financial management of investment propertiesÂ
â¢Â Â Â Provide support to the respective Asset Managers
â¢Â Â Â Close interaction with other Nuveen Real Estate offices globally and assisting with all reporting requirements
â¢Â Â Â Hands on involvement with reporting, cash flow management and process improvement
â¢Â Â Â Indirect management of third party service providers
Main Duties and ResponsibilitiesÂ
â¢Â Â Â Preparation of year-end financial statements
â¢Â Â Â Preparation of year-end audit files
â¢Â Â Â Rolling over and preparing statutory accounts for dormant entities
â¢Â Â Â Prepare distribution calculations
â¢Â Â Â Preparation and presentation of accounts and financial reports at board meetings
â¢Â Â Â Preparation of VAT returns and tax analysis data
â¢Â Â Â Assisting with CIS filing
â¢Â Â Â Preparation of loan compliance covenants
â¢Â Â Â Preparing data for IPD and INREV filingsÂ
â¢Â Â Â Preparing rental reconciliations, reviewing bank reconciliations, calculation of net asset valueÂ
â¢Â Â Â Management of Edinburgh St James development finance processes and involvement in asset onboarding processes as required Â Â Â Â Â
â¢Â Â Â Compliance with filing and reporting legislation to ensure all deadlines for preparation of income tax, VAT, filing of accounts, etc. are met
â¢Â Â Â Posting journals to MRI.
â¢Â Â Â Coding invoices to Basware.
â¢Â Â Â Calculating and checking to make sure payments, amounts and records are correct.
â¢Â Â Â Day to day accounting issues
â¢Â Â Â Provide assistance to the Finance team
â¢Â Â Â Liaising with all parts of Nuveen Real Estate as appropriate to ensure that all financial and operational matters are dealt with and managed
â¢Â Â Â Additional ad-hoc project work will be required
Technical Skills & Qualifications Required
â¢Â Â Â Qualified/part accountant (ACA/ACCA/CIMA or equivalent)
â¢Â Â Â Property/Fund accounting experience is desirable
â¢Â Â Â Good knowledge of Excel, Word, Outlook & accounting systems (MRI experience desirable but not essential)
â¢Â Â Â Working with Excel, MRI and other systems
â¢Â Â Â Team player - Close liaison with fund management and other areas of the finance and operations team, as well as external advisers
â¢Â Â Â Excellent interpersonal skills â to deal with investors and external contacts
â¢Â Â Â Good organisational skills and ability to work to, and sometime implement own Â processes
â¢Â Â Â Communication & presentation - Clarity of presentation of information to boards and internal and external clients/investors as appropriateÂ
â¢Â Â Â Teamwork/Commercial - Support the other members of the team in their relationship with various onshore and offshore third party suppliers
â¢Â Â Â Act in line with Nuveen Real Estateâs Company Values
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives.Â Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.Â For more information about the firm please visit our website at www.nuveen.com
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