AVP / Manager - Finance (Alternative Investment Services)
Job Summary - Singapore
- Permanent
- BBBH779182
- Apr 16, 2021
- Competitive
Job Description
Our client is a Corporate Services affiliate of one of the world's largest alternative investment firms who are looking to grow their team in Singapore!
Key Responsibilities: - Assist external administrators / affiliated accountants with preparation of accounting entries, such as acquisitions, disposals and distributions;
- Quarterly review of accounting records and reporting packages;
- Review / preparation of local GAAP (and/or IFRS as required) financial statements;
- Manage the process of preparation of financial statements by an external service provider for the various top holding companies;
- Work in a team to co-ordinate the (interim) audit process, liaising with local, group and global auditors to ensure that information is provided on a timely basis and that deadlines are met.
- Manage and review the reporting from JV partners/Operating partners/Asset Managers Review of property accounting for investments in Asia Pacific.
- Coordinate and review US tax reporting, and consolidate reporting packages per investment;
- Intercompany reconciliations and regular intercompany settlements where applicable;
- Deliver quarterly NAV, Debt and cash analysis and coordination of sign off from the team
1) Investor & Bank Reporting
- Coordinate and prepare external debt financial covenants and information packages for lending banks;
- Liaise with lenders to request approval under waterfall requirements for distribution
- Collate and provide any investor reporting as required
2) Cash Management
- Monitor liquidity and cash management for investments;
- Preparation of quarterly cash flow reporting and summary per investment;
- Manage quarterly distributions coming from propcos to offshore SPVs, and coordinate sign off from the Asia team
- Manage FX conversion process for distributions, acquisitions and disposals of an investment.
- Approve and execute expenses/payments/inter-company funding
3) Asset Management & Sales Support
- Support asset management team with ad hoc financial information / analysis as required;
- Manage relationship with property managers;
- Prepare and monitor operating budgets for investments;
- Support acquisitions team with financial information as required;
- Ensure the calculation of capitalization structure/amounts, the issue of shares, and preparation of loan documents for each investment is in accordance with structuring advice
- Support asset management team with financial information in connection with disposals as required;
- Liaise with external advisors, such as tax advisors, auditors and legal advisors in relation to ongoing matters and structuring issues related to additions and disposals
- Prepare closing statements for dispositions
4) Tax Structuring and Compliance
- Work with tax advisors to ensure that tax structuring for investments is complied with and that tax opinion is updated where relevant;
- Ensure that all tax filings are kept up to date for the SPVs;
- Ensure legal and statutory compliance through liaison with legal advisors.
- Coordination with co-sec to set up the entities within the investment structure, and bank accounts, ensuring deadlines are strictly adhered to
5) Other Responsibilities
- Assist with continuous improvement initiatives for all financial reporting processes;
- Liaison with 3rd party administrators and finance teams across Asia
- Ad hoc project work.
Skills & experienced Required: - 7 years' + experience in a relevant industry
- Chartered Accountant or equivalent
- Bachelors (or equivalent) in Finance/Economics
- Private Equity Real Estate, Fund Administration experience desirable
- Tax Structuring knowledge beneficial
- Master's Degree a plus
- Fluent in English, second language preferable
If you are keen on this role please apply now or email Kelvin Teo - kteo@morganmckinley.com
EA Licence No: 11C5502 | EAP Registration No: R1876691
