Head of European Finance - Real Estate

External

Corebridgefinancial · 3 St. Helen's Place, London Ec3a 6ab

Full-timeHybrid1d ago

BudgetingCompliance

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About the role

At Corebridge Financial, we believe action is everything. That's why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life: We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners. We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders. We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future. We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work. Who You'll Work With Corebridge Real Estate Investors has been helping AIG, its affiliate insurance companies, and other institutional investors invest in the real estate equity markets since 1987. This includes sourcing, investing and managing a diversified real estate portfolio with assets under management of $9.2B as of December 31, 2024. The Corebridge Real Estate Investors team is comprised of 120+ investment professionals inclusive of a team of 16 investment and finance professionals located in its London office. 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

Head of European Finance - Real Estate

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