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Job Title: Finance Director (Real Estate)
Business Title: Senior Director
Business Unit: Global Real Estate & Private Equity, Global Private Platform Delivery
Location: London, UK
Job Summary
Key business partner for Real Estate Equity Value Add business line. Oversight and management of the fund finance team responsible for Value-Add fund series. Currently this consist of a team of 2 covering 3 pan-European closed ended real estate equity value add funds, however there will likely be a requirement to hire an additional headcount in Q1 25.
Primary Responsibilities
- Strategic partner / advisor to the Value-Add fund team.
- Source, negotiate and manage debt finance.
- Day to day monitoring of operational and financial risk (including liquidity risk, capital risk, credit risk, tax risk and foreign exchange risk).
- Develop and implement strategies to mitigate risk and optimise fund performance.
- Design processes to ensure operational efficiency.
- Regular meetings with and presentations to investors.
- Ultimately responsible for all aspects of real estate transactions structuring, governance, executing etc.
- Supervision of monthly and quarterly fund reporting cycles, including co-ordination and review of quarterly NAVs (IFRS and INREV), US GAAP reconciliations and payment of distributions.
- Supervision of annual financial / tax reporting process, including audit of the entities.
- Analysis of budgeted income, opex and capex expenditure.
- Management and appointment of service providers (administrators, tax advisers, lawyers etc).
- The Finance Director may also be required to assist with other projects as required by Barings from time to time.
Key Skills
- Highly organised, self-starter capable of operating with little oversight.
- Strong communication skills (written and verbal). Possess the gravitas to influence senior internal and external stakeholders and advisors.
- Effective leader with proven track record of leading teams.
- Ability to challenge and improve existing process.
- Ability to multitask across a high volume of tasks.
- Ability to interpret and manage complex financial models.
- 10 years+ experience in commercial Real Estate demonstrating sound commercial acumen including understanding of Real Estate valuations and other Real Estate performance metrics.
- Advanced excel.
- 10 years+ IFRS knowledge on Real Estate standards.
- Experience with value-add pan European closed ended funds.
- Qualified Accountant.
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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
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What We Do
Barings is a $382+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. *Assets under management as of 6/30/21
