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PATRIZIA is a leading partner for global investment in real assets. It has AUM of €56bn, 28 offices globally and 800+ employees. Founded in Germany, PATRIZIA recently celebrated its 40th year as a global real asset manager.
PATRIZIA‘s purpose is to build communities and sustainable futures, helping our clients and communities around the world to prosper. It is a leader in sustainability and its investments are aligned with the Net Zero Asset Manager initiative.
The London office has 200 employees and recently moved into new purpose-built offices in Covent Garden with a café, restaurant and gym.
What The Hiring Manager Says….
You will gain extensive exposure to three large bespoke asset management mandates. This role offers a unique opportunity to deal directly with the investors and visit the real estate sites around the UK. You will have the chance to add value to the clients and increase your exposure to the Real Estate sector. This position provides visibility across multiple key stakeholders including funds management, asset management, external property managers, external administrators, tax, and the end investors.
PATRIZIA Fund Operations Summary
The fund operations team is responsible for fund accounting across all PATRIZIA’s investment strategies and funds in the real estate and infrastructure asset classes. This includes the interactions with fund managers and other internal teams as well as the oversight of relevant services from outsourced providers in support of these functions.
Primary Responsibilities
Ensure that asset management mandates are captured in an accurate and timely manner. These main functions include, but are not limited to:
- Thorough understanding of the individual property assets and the accounting of rent roll, tenant incentives, rent free concessions, service charges, voids, capex etc.
- Manage the inputs from third party service providers, mostly local accountants, tax advisors, auditors, and property managers, ensuring quality and timeliness of reporting.
- Review management accounts produced by the local administrator and instructing any changes.
- Preparing GAAP adjustments, cash flows, NAV reconciliations, distributions, and liquidity forecasts.
- Working with tax advisors and reviewing tax computations (UK VAT return and CIS returns) and updating cash flow modelling.
- Maintain and reconcile project expenditures and project cash tracker.
- Prepare, manage and monitor budgets, and analyse budget performance results against budgeted figures.
- To complete quarterly investor reports with performance metrics and detailed analysis of recent performance.
- Prepare recommendations to trustee for any capital drawdowns, distributions and any other matter that relates to finance.
- Organising payments runs with external service providers.
- Manage audits, tax declarations, board meetings and organise resolutions.
Key Requirements/ Qualifications
You will have demonstrable experience of:
- Qualified accountant (ICAEW/ICAS/CIMA/ACCA) with at least 3 years’ experience in the real estate sector.
- Strong knowledge of UK GAAP and IFRS.
- Ability to build strong working relationships with colleagues and external service providers.
- Up to date knowledge of relevant financial regulations and standards.
- Ability to operate in a dynamic environment and work with multiple teams.
- Ability to work under pressure / to a tight timetable, have attention to detail without losing sight of the bigger picture and must also be an excellent team player.
- Strong analytical, Excel and communication skills.
Desirable
- Prior real estate experience within fund administrator or Audit
- Proactive in solution solving
- Embraces and encourages change and development
- Enjoys being a part of a team but is able to work independently
Individual Profile
- Highly organised and able to manage own workload including to meet tight deadlines
- Self-starter with ability to take ownership of responsibilities assigned
- Conscientious with excellent attention to detail
- Excellent interpersonal skills and able to explain/discuss complex topics with non-specialists
- A positive attitude and flexible mindset in order to work closely with other teams
What We Offer
- Competitive and performance-oriented remuneration package
- Brand new offices in Covent Garden with café, restaurant, bar and gym
- Private health insurance
- Additional employer pension contributions
- Hybrid working environment (3 days office and 2 days from home)
- Various skill building and learning opportunities through PATRIZIA Academy
- Inclusive and equal-opportunity workplace
