Senior Accountant

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.

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.

Barings is seeking a highly analytical individual with strong technical capability and a passion for learning to join the Barings Real Estate Australia (BREA) Finance Team. The team works collaboratively with other business units and strives to deliver quality service to all partners.

Due to growth of the Australian Real Estate business, the Financial Accountant will be primarily responsible for accounting/reporting for a range of project/fund entities including month end accounting, balance sheet reconciliations and general ledger processing with exposure to consolidations and fund/investor reporting. The role will suit a candidate who is highly adaptable, thrives on problem solving, seeking a hands-on role in real estate, funds management and asset management business. This candidate must be a driver of positive change, with a can-do attitude and willing to contribute to building on the strengths of Barings’ organisational culture. This position is located in Sydney, Australia and reports to the Fund Controller.

Primary Responsibilities

• Month end accounting – process journals including accruals, prepayments, intercompany transactions and recharges, valuation and IFRS entries, and general ledger maintenance including account reconciliations and bank reconciliations
• Month end reporting – balance sheet and income statement analysis and budget variance analysis
• Reconciliation and review of property management accounts for various asset classes
• Accounts Payable Processing - Transaction processing in AP. Work with finance team to ensure AP closes monthly to timetable
• Accounts Receivable Processing - Transaction processing in AR. Work with finance team to ensure AR closes monthly to timetable
• Project cost management – reconcile g/l to project budgeting system
• Prepare interest expense calculations and assist with debt compliance reporting
• Assist with other tax compliance matters include BAS preparation, tax registrations
• Prepare annual statutory reports and involvement with financial audit and internal controls audit
• Prepare proper instructions for custodians as required
• Assist with project accounting including cost tracking and budget/project variance analysis
• Assist with preparation of quarterly unit price reporting to investors.
• Assist team with investment administration across allocated Funds and Project entities.
• Involvement in system administration for accounting systems and cost management systems.
• Stay up to date on accounting and tax legislation changes and support the business with relevant updates and training sessions. Assist with the review and assessment of these changes and where applicable, facilitating with the associated implementation process.
• Ensure fund operations comply with fund documentation and internal compliance obligations.
• Contribute to process improvement initiatives in the Fund operations to ensure continual improvement to the finance team’s procedures and adoption of best practice processes.
• Partner with and develop an understanding of the Investment business, por and other Corporate finance functions – participate in cross training
• Comply with WHS
• Other reporting, e.g. ABS surveys, Capex reporting, Portfolio variance reporting
• Adhoc tasks as required

Qualifications

• Professional Accounting qualification or in process of qualifying e.g. CA or CPA
• 3+ years accounting experience.
• High attention to detail.
• Team player.

• Experience with large accounting systems e.g. MRI essential.
• Proficiency in MS Excel (Intermediate).
• Funds management, financial services or property industry exposure essential.

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.