Financial Manager

vor 4 Wochen


Frankfurt am Main, Hessen, Deutschland TIAA Vollzeit

Job Summary

The Property Finance Team at Nuveen is responsible for managing external property accountants and other service providers, preparing and reviewing the monthly and annual accounts on property level, and performing regular finance-related tasks such as budget vs. actual analysis, cash management, and external reporting.

The team collaborates and cooperates with internal departments, fund and asset management teams, as well as various external business partners, and manages a portfolio of c. 80 properties totaling c. €3bn invested in retail, logistics, and mixed-use sectors across Germany and continental Europe.

This role requires no regulatory designation.

Main Responsibilities

  • Financial management of development and investment properties located in Europe
  • Support to the respective Asset & Fund Managers, KVGs, auditors, corporate accountants, etc.
  • Closing interaction with other Nuveen Real Estate offices globally and assisting with all property-related reporting requirements
  • Hands-on involvement with reporting, cash flow management, and process improvement
  • Providing support on indirect management and oversight of third-party service providers (e.g., Managing Agents)

Key Tasks and Deliverables

  • Annually: Preparation of year-end financial statements and preparation of year-end reports on property level
  • Annually: Main point of contact for property-related audit queries
  • Annually: Manage tax compliance process and adherence on property level
  • Annually: Review of annual service charge reconciliations
  • Quarterly: Support on the preparation of finance sections for quarterly investment reports to investors and for fund performance as well as risk and compliance steering
  • Quarterly: Preparation of quarterly liquidity requests (cash flow management)
  • Monthly: Month-end Close management and coordination
  • Monthly: Control and review of balance sheet and P&L accounts on property level (i.e., rent and service charge reconciliations, reviewing bank reconciliations and bad debt assessment, posting accruals/deferrals, variance analysis on rental income and expenses, account reconciliation and clearing)
  • Monthly: Supporting on a smooth technical interface to the clients' accounting system for both accounting and tenancy master data
  • Monthly: Calculation of VAT deduction level by property
  • Monthly: VAT reconciliation by property
  • Monthly: Monthly quality review, management, and reporting of correct tenancy master data maintenance on MRI
  • Ongoing: Day-to-day accounting issues
  • Ongoing: Liaising with managing agents and members of the wider Nuveen Real Estate team to deliver process standardization and efficiencies
  • Ongoing: Preparing and reviewing reporting to various internal departments (Performance, Treasury, etc.)
  • Ongoing: Clarifying ad-hoc accounting queries with external property and fund accountants
  • Ongoing: Close interaction with other Nuveen Real Estate offices globally and assisting with all reporting requirements
  • Ongoing: Ensure 4-Eye-Review where applicable for important, complicated reports and analysis and preparation and ongoing update and maintenance of process descriptions

Requirements

  • Qualified accountant (ACA/ACCA/CIMA or equivalent like Bilanzbuchhalter IHK or Assistant tax consultant)
  • Property and/or Fund accounting experience
  • Good knowledge of Excel, Word, Outlook & accounting systems (MRI experience desirable)
  • Working knowledge of local accounting standards
  • Good knowledge in tax law is desirable
  • Fluent German and English skills are essential

Competencies Required

  • Good analytical, planning, and organizational skills
  • Customer-focused and self-organized
  • Team player - close liaison with fund management and other areas of the finance and operations team, as well as external advisers
  • Good communication skills
  • Teamwork/Commercial - Support the other members of the Finance team and Fund teams
  • Act in line with Nuveen Real Estate's Company Values (role model)


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