Director, Fund Controller

Barings; Greater London; On-site; GBP 125,000 - 150,000; Full time

Job summary

A leading global financial services firm is seeking a Director, Fund Controller in Greater London. The successful candidate will oversee the fund finance team, ensuring operational efficiency and managing financial risks. Key qualifications include over 10 years of experience in commercial real estate, strong leadership skills, and extensive knowledge of IFRS standards. This position is crucial for optimizing fund performance, negotiating debt finance, and presenting to investors.

Qualifications

• 10+ years experience in commercial Real Estate with understanding of valuations.
• 10+ years IFRS knowledge on Real Estate standards.
• Experience with open ended real estate funds.

Responsibilities

• Strategic partner/advisor to the Core fund team.
• Source, negotiate and manage debt finance.
• Monitor operational and financial risks including liquidity risk.
• Develop strategies to optimize fund performance.
• Design processes to ensure operational efficiency.
• Supervise fund reporting cycles and audit processes.

Skills

Highly organised

Strong communication skills

Effective leadership

Ability to improve processes

Multitasking

Financial model management

Advanced Excel

Education

Qualified Accountant

Job description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Director, Fund Controller

Business Unit: Real Estate Equity - Europe

Location: London UK

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

This position will be a key business partner for Real Estate Core Equity business line. They will have oversight and management of the fund finance team responsible for Barings European Core Property Fund. This team is currently covering Barings flagship real estate equity fund.

Primary Responsibilities

• Strategic partner / advisor to the Core 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.
• 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).
• Input and oversight of various systems development projects
• May also be required to assist with other projects as required by Barings from time to time.

Qualifications

• 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 open ended real estate funds.
• Qualified Accountant.

Requisite Skills

Additional Skills

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.