Fund Controller

Responsibilities:

You will monitor, advise and control the external service provider(s) in compliance with real estate’s vendor governance program. You are also the key person for the coordination of fund administration, financial audits and tax compliance. While the preparation of the following outputs is outsourced to a great extent, you retain the full responsibility for accurate and timely completion.

Financial & Regulatory Reporting

• Timely and accurate production of quarterly and annual Fund Financial Statements under IFRS (consolidated FS) for pan-Asian open-ended / closed-ended fund structures or segregated mandate structures
• Review and approve IFRS / Local (statutory) GAAP financials within the fund structure, cash reports, distribution forecasts, variance reports, budgets, etc. (Financial Controlling)
• Management of the financial reporting processes with the fund administrators/external accounting service providers who are producing the IFRS / Local GAAP management accounts and quarterly Financial Statements for SPVs and Funds
• 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 (e.g., related to fund financials), regulatory reporting, financial reporting to be delivered based on investor side letter arrangements
• Financial loan covenant calculation and reporting
• Establish, update and monitor the financial reporting timetable for the fund mandate(s)
• Track and monitor upcoming IFRS/other GAAP changes relevant to the industry and to the Financial Statements, such that these are appropriately planned for. This includes providing reasonable arguments for the implementation/interpretation of reporting standards.

Tax Compliance/Tax Structuring

• Monitor and manage tax filings / tax compliance for income/corporate tax, withholding tax, capital gains tax, value add tax and FATCA/CRS
• Possess a good understanding of the fund tax structure
• Analyse relevant tax law change impacts on the fund structure together with the fund tax advisor
• Assurance of sufficient transfer pricing documentation and fulfilment of substance requirements
• Deal/Fund tax structuring support for Portfolio Management / Transactions
• Regular attendance of tax update seminars

Fund & SPV Cash Management

• Cash management across the entire fund structure including regular capitalization and liquidity forecasts in compliance with the fund specific cash management strategy defined by Portfolio Management
• Processing capital calls, distributions, redemptions
• Review and approve payment instructions based on the relevant Delegation of Authority matrix
• Maintenance of bank accounts and online banking solutions and keeping an actual bank account inventory

Fund & Corporate Governance

• Establishment of SPV entities based on deal/fund structuring advice
• Good 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
• Maintain 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 as member of the inter-functional deal team, especially with regards to operational aspects, deal structure setup and tax matters
• Review Financial/Tax due diligence reports
• Calculation of Proforma NAVs and Purchase Price Considerations based on deal transaction documents

Others

• Respond to ad hoc enquiries from internal and external stakeholders including investors
• Coordination with the Luxembourg and/or U.S. based team in their capacity/responsibility as AIFM
• Continuous improvement and development of efficient and effective controls & processes for the administration of the fund(s)

Requirements:

• Qualified Accountant or similar relevant qualification
• A minimum of 10 years of relevant work experience within 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 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
• Ability to multi-task and 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, team leadership skills
• Clear and strong in communication (English Skill: excellent written and spoken), additional language knowledge preferable

All applications will be treated in the strictest confidence. Personal data provided will be used for recruitment purposes only.

Please apply with your CV in word document format. We regret to inform that only shortlisted candidates will be notified. For other positions related to real estate, please go to https://careers.tri-cap.com.sg/.

EA Licence: 17C8777

​EA Personnel: R21102223