Head of European Finance - Real Estate

About The Role

Corebridge Real Estate Investors is seeking a Head of European Finance who will be responsible for the accounting, reporting and treasury aspects within the Corebridge Financial European real estate investment portfolio including funds with third party investors. This person will be responsible for managing a team of three qualified accountants. This position requires someone who is motivated, attentive to detail, and enjoys working in a busy environment where new and complex transactions occur.

The role will involve liaising with parties both within and outside the organization and requires a confident individual with strong communication skills.

Responsibilities

• Team Responsibilities

  • Management and development of the European Finance Team comprising of 3 accountants (including managing goals and appraisals)

  • Lead communication between the Finance Teams, Luxembourg office and internal asset management teams ensuring continuance of close working relationship

  • Management of third-party relationships with external accountants, service providers and joint venture partners

• Financial Reporting Procedures

  • Management of the internal controls and processes for the production of financial statements for directly owned investments and third-party investor funds.

  • Manage the co-ordination of investment reporting for all components of the financial reporting receivable from third party accountants, joint venture partners, and internal sources on a timely basis.

  • Review and analyze financial reporting, including GAAP financial statements (under both historical cost and investment company accounting), cash flows, impairments, income tax reporting, and other project specific reporting.

  • Proactively identifying and resolving technical accounting and reporting issues.

  • Development of accounting policies and procedures and resolving internal control concerns.

  • Co-ordinate and monitor external audit processes

  • Ensure submission of accurate Corebridge Financial GAAP and regulatory reporting, budgeting, estimates, and variance analysis as required.

  • Monitor local regulatory compliance for population of local SPVs to ensure all required filling are submitted on a timely basis.

• Management of Real Estate Funds

  • Oversee funding accounting responsibilities including calculation of net asset values, management fees, investor allocations and provision of data for investor reporting

  • Oversee treasury management and cashflow projections ensuring preparation of accurate capital call and distribution notices

  • Management of subscription line facilities including covenant testing

  • Ensure provision of accurate and timely information for investor reporting on quarterly and ad hoc basis

  • Co-ordination of the preparation of US tax compliance to ensure prepared in line with corporate and funds reporting deadlines.

  • Providing guidance to team members on Fund accounting matters

• Deal Origination and Asset Management

  • Lead accounting review of new fund structures and products

  • Co-ordination with joint venture partners and third-party accountants to establish reporting processes when on-boarding new investments

  • Co-ordination of processes to ensure timely repatriation of cash distribution from underlying SPVs, liquidation of SPV entities and wind down of investment structure on a timely basis once real estate assets have been disposed

  • Co-ordination of KYC information requests

  • Assistance in deal execution as required for establishment of investment structures and related reporting requirements

Skills and Qualifications

• Qualified Accountant with a minimum of ten years of accounting and finance experience with prior experience with real estate industry and expertise in dealing with complex transactions.

• Understanding of both U.S. GAAP investment company and historical cost accounting methods are preferred.

• Must have experience working under pressure with various projects and deadlines.

• Significant interaction with joint venture partners, Corebridge Financial internal groups, third-party property managers, fund administrators, asset/investment managers, internal/external legal counsel, and internal/external auditors.

• A decisive individual who possesses a "big picture" perspective and has demonstrated leadership ability.

• An intelligent and articulate individual who can relate to people at all levels of an organization and possess excellent oral and written communication skills.

• An energetic, forward-thinking, and creative individual with high ethical standards.

• Demonstrated experience with financial reporting, budgeting, transaction analysis, and review.

• Excellent computer skills, including Microsoft Office Suite, and Advanced Excel skills.

• Experience in managing outsourced accounting and administration.

Compensation

Corebridge also offers a range of competitive benefits as part of the total compensation package.

Work Location

This position is based in Corebridge Financial's London office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Benefit Offerings Include

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.

• Retirement Savings: We offer retirement benefits options, which vary by location.

• Employee Assistance Program: Confidential counseling services and resources are available to all employees.

• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.

• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.