Manager, Fund Operations

Prudential Financial; Letterkenny; Hybrid; EUR 90,000 - 120,000; Full time

Job summary

Prudential Financial’s PGIM Real Estate Ireland is seeking a Real Estate Fund Accounting Manager based in Letterkenny. The role focuses on accurate accounting and reporting for assigned portfolios, acting as a key liaison across business and support teams with 2 days on site each week.

You will oversee a third-party administrator, ensure timely financial statements, investor reports, and data submissions while supporting Asset Managers and coordinating with legal and policy teams on complex

Qualifications

• Bachelor’s degree in Accounting required.
• 5–8 years of financial accounting experience, preferably in real estate investments.
• Experience with GAAP and fair value considerations for REITs.
• Ability to oversee third-party fund administrators and maintain controls.
• Strong Excel skills and data validation capability.

Responsibilities

• Oversight of the third-party fund administrator and related controls.
• Ensure timely preparation of financial statements and performance reports.
• Coordinate monthly/quarterly/annual reporting and investor deliverables.
• Support Asset Managers on ongoing operational matters.
• Interact with Legal, Transaction staff, and Policy groups on accounting policy.

Skills

Leadership

Analytical thinking

Communication skills

Time management

Team management

Proficient in Excel

Education

Bachelor's degree in Accounting

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.