Manager, Investment Reporting, Europe

Realty Income Corporation; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading Real Estate Investment Trust is seeking a Manager for Investment Reporting in Europe. You will oversee investment reporting, assist with acquisitions, and collaborate with cross-functional teams. Ideal candidates will have accounting qualifications and real estate experience, with a commitment to accuracy and strong communication skills.

Qualifications

• Qualified accountant with experience in investments or funds in real estate.
• Strong technology skills to drive efficiencies and automation.
• Ability to maintain cooperative working relationships within the company.

Responsibilities

• Maintain consolidated investment reporting for the European portfolio.
• Prepare internal investment summary reports for public disclosures.
• Support acquisition processes and ensure timely deal closings.

Skills

Attention to detail

Strong communication skills

Self-motivated

Team player

Adaptability

Education

Qualified accountant (ACA, ACCA or equivalent)

Post qualification work experience in real estate

Tools

Microsoft Office suite

Yardi general ledger software

Job description

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value $58bn. We are known as"The Monthly Dividend Company” and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared656 consecutive monthly dividends and are a member of theS&P 500 Dividend Aristocratsindex, having increased our dividend for the last 30 consecutive years.

The European portfolio, including the UK, has grown significantly since our first international acquisition, a £429m 12-property portfolio from Sainsbury’s in 2019. In just five years the portfolio now includes investments of over €11bn, and 483 distinct properties.

You will be joininga fast-growing European finance function, at one of the world’s largest Real Estate Investment Trusts, as we continue our rapid growth in the UK and European markets, including moving into our new offices at 3 St. James’s Square later this year. We will empower you to make this new role your own especially with the management of investment reporting. You will also assist with European investment acquisition activities. With access to the senior leadership team in Europe and Internationally,you will develop and broaden your experienceand take on additional responsibilities and challenges; with dynamic opportunities for career growth as the company expands.

Position Overview:

The Manager, Investment Reporting, Europe will be responsible for maintaining consolidated investment reporting for the European portfolio of Realty Income Corporation (RIC). These responsibilities include the preparation of internal investment summary reports and investment data used for publicly filed SEC documents in the US, including Form 10-Q and 10-K, Form 8-Ks, prospectus supplements, earnings press releases, the quarterly supplement, and investor presentations. This role will work with the Senior Manager, Investment reporting to verify that the investment disclosures in relation to the European portfolio included within these public disclosures are accurate per the definitions agreed to by RIC management. In addition, this role will support the process workflows of all European acquisitions, working in conjunction with cross-functional counterparts to ensure timely deal closings and submission of requisite data fields to support the month-end close activities.

Key Responsibilities:

• Support the Senior Manager, Investment Reporting with review of monthly investment data and disclosures utilised in internal and public reporting materials for accuracy, completeness, and internal consistency. Work closely with the European finance team to consolidate all European data for reporting purposes in the US.
• Work with Acquisitions’ deal captains and development team to ensure alignment and reconciliation of reported cap rates, net operating income (NOI), and investment credits, especially those with free-rent period and other unusual variables, to underwriting metrics.
• Participate in Investment Committee and Acquisition team meetings and understand the deal aspects from beginning to end, including any nuances that should be considered in the company’s disclosures. Work with Acquisition, Legal, Corporate Finance, and other departments to analyse accounting implications and provide recommendations on investment reporting items that arise.
• Extract and summarise investment activity data from various sources to provide visibility into historical investments and the forward-looking investment pipeline.
• Ensure that the collective teams complete all workflow approvals for investments in Salesforce in a timely manner. Resolve issues related to closing deals and publishing the appropriate documentation for each investment.
• Ensure proper processes and controls are documented and maintained for all investment-related duties that this position is responsible for completing.
• Support other accounting and finance functions as needed.
• Performs other duties as assigned.

Organisation Relationships

This position is inherently cross-functional and must interface across the European organisation and with the Senior Manager, Investment reporting. Collaborates with other teams to reinforce the integrity of public reporting materials and understand any nuances within acquisition metrics. Supports interactions with internal and external auditors to comply with Sarbanes-Oxley (SOX) requirements, interim reviews, and annual audits.

Candidate Requirements

Knowledge, Skills, and Abilities

Must have for the role:

• Qualified accountant (ACA , ACCA or equivalent) or equivalent work experience.
• Suitable post qualification work experience inthe real estate industry (Investments or Funds), with a good working knowing knowledge of the Commercial Real Estate industry working practices (e.g. understanding of a rent-free period / rent abatement and how to account for this).
• Excellent technology/PC skills, including Microsoft Office suite, able to harness this technology to drive efficiencies and automation.
• Attention to detail, demonstrated through highly accurate work product.
• Strong communication skills; ability to translate complex, highly granular business problems into cogent, summary-level reports/narratives for broad consumption.
• Highly adaptable to evolving business needs.
• Excellent time management, ability to prioritise tasks from other sources, and adjust in a manner to complete all tasks.
• Self-motivated; determined to make improvements, including the ability to identify and discontinue unnecessary tasks.
• Ability to establish and maintain cooperative working relationships within the company.
• Team player; willing to offer or seek help, accept, and provide constructive feedback.

Desirable but not essential:

• Yardi general ledger software experience.
• Public accounting experience.

Our Mission & Values

For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions, creating a lasting positive impact on communities.

Realty Income is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.