Fund Finance - Finance Manager, based in Frankfurt (m,f,d)

Overview of the Role

• Financial management of development and investment properties located in Europe
• Provide support to the respective Asset & Fund Managers
• Close interaction with other Nuveen Real Estate offices globally and assisting with all property related reporting requirements
• Hands on involvement with reporting, cash flow management and process improvement
• Indirect management of third party service providers
• Deputy Head of Property Finance Team

Main Duties and Responsibilities

Annually:

• Preparation of year-end financial statements and preparation of year-end reports on property level
• Main point of contact for property related audit queries
• Manage tax compliance process and adherence on property level
• Review of annual service charge reconciliations

Quarterly:

• Support on the preparation of finance sections for quarterly investment reports to investors and for fund performance steering
• Preparation of quarterly liquidity requests (cash flow management)

Monthly:

• Month End Close management and coordination
• Control and review of balance sheet and P&L accounts on property level (i.e. rental reconciliations, reviewing bank reconciliations and bad debt assessment, calculation of net asset value, accruals, deferrals)
• Supporting on a smooth technical interface to the clients accounting system
• Calculation of VAT deduction level by property
• VAT reconciliation by property

Ongoing:

• Compliance with filing and reporting legislation to ensure all deadlines for preparation of income tax, VAT, filing of accounts, etc. are met
• Day to day accounting issues
• Liaising with managing agents and members of the wider Nuveen Real Estate team to deliver process standardisation and efficiencies
• Providing assistance to the Fund Manager on purchases and acquisitions where applicable
• Providing assistance to the Fund Manager in efforts to grow the Fund and potential restructuring of the Fund
• Preparing and reviewing reportings to various internal departments (Performance, Treasury, etc.)
• Develop and maintain close relationship with external advisors and service providers (i.e. managing agents, service-KVGs, auditors, tax advisors, corporate accountants) as well as Fund Managers, Asset Managers and Fund Finance
• Clarify ad-hoc accounting queries with external property and fund accountants
• Close interaction with other Nuveen Real Estate offices globally and assisting with all reporting requirements

General:

• Managing team interactions – internal (VAT, operations, treasury, fund management) and external (administrators, Service-KVG, auditors, tax advisors, managing agents, banks, etc.) as required
• Liaising with all parts of Nuveen Real Estate as appropriate to ensure that all financial and operational matters are dealt with and managed
• Additional ad-hoc project work will be required
• Invoice approvals
• Cash management
• Ad-hoc queries
• Assist with due diligence work on investment/divestment activity

Technical Skills & Qualifications Required

• Qualified accountant (ACA/ACCA/CIMA or equivalent like Bilanzbuchhalter IHK or Assistant tax consultant)
• Property and/or Fund experience is desirable
• Good knowledge of Excel, Word, Outlook & accounting systems (MRI/Yardi experience desirable but not essential)
• Working knowledge of local accounting standards
• Good knowledge in Tax law
• English skills

Competencies Required

• Result and deadline driven - Use own initiative to identify any problems and deliver solutions
• Team player - Close liaison with fund management and other areas of the finance and operations team, as well as external advisers
• Communication & presentation - Clarity of presentation of information to internal and external clients/investors as appropriate
• Teamwork/Commercial - Support the other members of the Finance team and Fund teams
• Act in line with Nuveen Real Estate’s Company Values
• Mature and confident, able to deliver against objectives and to manage internal and client relationships
• Good analytical, planning and organizational skills
• Interested in investment law, real estate funds and transactions

Related Skills

Accountability, Accounting Standards, Business Acumen, Client Relationship Management, Collaboration, Communication, Compliance, Data-Driven Business Intelligence, Due Diligence, Executive Presence, Financial Acumen, Financial Modeling, Financial Risk Management, Financial Statements, Fund Accounting, Market/Industry Dynamics, Stakeholder Engagement, Story Telling

_____________________________________________________________________________________________________

Company Overview

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.nuveen.com

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

Privacy Notices

For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.

For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.

For Applicants of Nuveen residing in Europe and APAC, please click here.