Manager, Fund Operations

Prudential Annuities Distributors (PAD); Ireland; Hybrid; EUR 85,000 - 120,000; Full time

Job summary

PGIM Ireland, the real estate arm of Prudential Financial, seeks a Real Estate Fund Accounting Manager to lead accounting and reporting for assigned portfolios from the Letterkenny discipline. The role emphasizes timely financial statements, performance returns, and investor reporting, with 2 days on-site weekly.

The ideal candidate has 5–8 years in financial accounting within real estate, strong Excel skills, and ability to coordinate across legal, policy, and asset management teams.

Qualifications

• Bachelor’s degree in Accounting; 5–8 years of financial accounting experience preferred.
• Experience in real estate investment industry and with fair value accounting is desirable.
• Knowledge of REIT structures and taxation is a plus.

Responsibilities

• Oversee the third-party fund administrator and maintain strong oversight controls.
• Coordinate delivery of quarterly and annual financial statements and performance returns.
• Manage calendars of deliverables and inter-team communication.
• Produce investor level reporting and portfolio analytics for real estate investments.
• Collaborate with PGIM Real Estate Legal, Transactions, and Policy teams on complex transactions.
• Support Asset Managers on ongoing operational matters and audits.

Skills

Excel

Leadership

Analytical skills

Communication

Project management

Education

Bachelor's degree in Accounting

Tools

GIPS

Job description

Position Summary

The Real Estate Fund Accounting Manager, will be a member of the Fund Operations team that services and supports PGIM Real Estate in the accounting and reporting of real estate investments acquired within PGIM Real Estate’s domestic portfolios. The Manager will be primarily accountable for the accurate and timely accounting and reporting for their assigned portfolios. This position will be a key point of contact for all business and other functional teams as it relates to their assigned portfolios. This role will be based in our Letterkenny office, 2 days on site a week.

Primary Responsibilities

• Oversight of the third-party fund administrator
• Ensuring adequate oversight controls are in place and working properly
• Providing proper instructions and direction as needed
• Managing a calendar of deliverables including changes and up/downstream impacts
• Tracking Key Performance Indicators to gauge performance
• Balancing expectations/relationships between the business and fund administrator
• Ensuring the timely and accurate preparation of: quarterly and annual financial statements
• monthly, quarterly, annual and multi-year performance returns
• monthly, quarterly data submission to various industry organizations and consultants
• client deliverables (client/consultant questionnaires and ahoc request)
• portfolio analytics deliverables (leasing and other real estate metrics)
• investor level reporting (client traces, exhibits, unit value calculations)
• Supporting the Asset Managers in on-going operational matters
• Interacting with PGIM Real Estate Legal and Transaction staff on the acquisitions and sales of investments
• Interacting with PGIM Real Estate Policy group in implementing new accounting policies and the application of the appropriate accounting treatment in various complicated transactions
• Interacting with PGIM Real Estate Systems on various initiatives as it impacts property/portfolio data
• Overseeing various audits with internal and external auditors
• Contributing to firm wide projects, initiatives, and process improvements as they pertain to assigned portfolios or the overall Fund Operations team

Qualifications

• Bachelor’s degree in Accounting required 5-8 years of experience in financial accounting including financial statement preparation and review
• experience in the real estate investment company industry strongly preferred
• Prior experience in public accounting or CPA strongly preferred
• Understanding of generally accepted accounting principles as it relates to fair market value of real estate investment company accounting
• Understanding of data validation and flow as it relates to accounting/operations deliverables and their down streams effect on other reporting systems/teams
• Experience with managing a third-party fund administrator a plus
• Knowledge of and experience with REIT structures and taxation
• Ability to manage and prioritize multiple processes within tight deadlines while responding to various requests from multiple parties
• Commitment to process improvement and always looking to add value
• Working knowledge of joint venture waterfalls and income calculations
• Experience calculating or reviewing asset management and/or incentive fee calculations
• Knowledge of performance return calculations and GIPS a plus
• Proficient in Excel
• Strong leadership and management skills
• Strong analytical, organizational and problem solving skills
• Strong interpersonal, communication and partnering skills
• PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community
• PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit
• Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references
• Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland

Company Overview

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.