Assistant Fund Controller – Real Estate Investment Company

Assistant Fund Controller – Real Estate Investment Company

My client are highly regarded global real estate investment business, in line with their current objectives they have an immediate need to recruit an Assistant Fund Controller to their team in Singapore



The Assistant Fund Controller will oversee the outsourced service providers in line with their vendor governance program and be fully responsible for the accurate and timely completion of the following.


Financial & Regulatory Reporting

  • Timely and accurate production of quarterly and annual Fund Financial Statements under IFRS
  • Review and approval for IFRS / Local GAAP financials within the fund structure, cash reports, distribution forecasts, variance reports, budgets, etc.
  • Day-to-day Management of the financial reporting process with the fund administrators/external accounting service providers
  • Calculation of fund level returns, trading NAV, INREV NAV & TER, unit/share prices and management fees
  • Co-ordination and preparation of financial audits
  • Internal reporting, regulatory reporting, financial reporting to be delivered based on investor side letter arrangements
  • Financial loan covenant calculation and reporting
  • Establishment, updating and monitoring of the financial reporting timetable
  • Awareness and monitoring of upcoming IFRS/other GAAP changes relevant to the industry and to the Financial Statements in order that these are appropriately planned for


Tax Compliance/Tax Structuring

  • Monitoring and management of tax filings / tax compliance for income/corporate tax, withholding tax, capital gains tax, value add tax and FATCA/CRS
  • Developing an understanding of the fund tax structure
  • Assurance of sufficient transfer pricing documentation and fulfilment of substance requirements


Fund & SPV Cash Management

  • Cash management across the entire fund structure including regular capitalization and liquidity forecasts
  • Processing capital calls, distributions, redemptions
  • Review and approve payment instructions
  • Maintenance of bank accounts and online banking solutions


Fund & Corporate Governance

  • Establishment of SPV entities based on deal/fund structuring advice
  • Developing an understanding of the requirements to hold regular board & shareholder meetings in the jurisdictions where the fund(s) has SPV entities
  • Preparation of sufficient and relevant information input for board meetings
  • Oversight and tracking of the board & shareholder meeting frequency for all SPV entities
  • Keeping an actual register of directors/authorized representatives for all SPV entities
  • Active management of the SPV/Fund liquidation process


Transaction Support

  • Support for Portfolio Management & Transaction Management in acquisitions and dispositions


Other tasks

  • Response to ad hoc enquiries from internal and external stakeholders including investors
  • Taking a role in the continuous improvement and development of efficient and effective controls & processes for the administration of the fund(s)


Skills and Qualifications:

  • Qualified Accountant or similar relevant qualification
  • Typically, 5-6 years of work experience in the asset management industry for Real Estate or accounting / audit firms.
  • Strong expertise and knowledge of IFRS accounting, consolidation & controlling
  • Knowledge in US-GAAP and other local GAAPs would be ideal
  • Knowledge of local corporate taxation requirements / understanding of income/corporate tax/VAT computation technics
  • Knowledge of Luxembourg based fund structure would be ideal but is not a must have
  • Experience in working with 3rd party service providers like fund administrators, auditors, tax advisors
  • Good Excel skills and competence with other Microsoft Office applications
  • Proactive hands on mentality / can-do attitude
  • To be able to multi-task and to handle multi projects/deadlines
  • Experience in working in an international and intercultural environment
  • Good interpersonal skills, team player, capability to interface professionally with various internal and external stakeholders
  • Clear and strong in communication (English Skill: excellent written and spoken), additional language knowledge preferable


This really is an excellent opportunity to join one of the strongest real estate investment businesses in Singapore. Regretfully only successful applicants will be notified


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