For our german office based in the city center of Frankfurt am Main, we are currently looking for an experienced Local Head of FMCG Germany.
This person will be managing a team of Finance Managers and Financial Controllers to ensure fund financial performance, management of all the financial aspects of fund vehicles and delivery of fund reporting in accordance with client, regulatory and internal requirements.
Also this person manages the performance and development of the FMCG team members in line with the common management objectives. In addition, he / she provides clear leadership to the team, and is delivery focused.
Key Accountabilities:
• Accountable for the overall financial management of funds / separate accounts within his / her scope of responsibility:
- Manage the investment structure including notably cash management, maintenance of the tax structure and compliance with tax obligations, preparation and validation of financial statements
- Oversee the preparation of cash forecasts and capital call / distributions determination
- Ensure the execution of financing strategies (if relevant) and execution of currency / interest rate hedgings
- Make sure that financing covenants are being monitored
- Assure Compliance with fund / mandate documentation
- Monitor the Fund performance, including the preparation and review of fund cash flows (actuals and forecasts),
• Accountable towards Fund Management and Asset Management regarding all controlling subjects and production, including:
- Ensure accuracy, completeness and timeliness of productions of external service providers (Fund Admnistrator, Corporate Manager, Property Manager and Tax Advisor) and of FMCG teams (before sending out to internal or external clients). This may include acting as a director of corporate entities
- Assess the external provider's performance, effectiveness of their management processes and cost efficiency of the service. Ensure compliance with defined governance and processes
- Assure the availability and quality of data in the global IT system
- Support in the selection, appointment and on-boarding of local service providers
- Provide a synthesis of real estate Key Performance indicators (through ad hoc reportings)
- Oversee actuals (German GAAP and IFRS), budgets and plans as well as e.g. deviation analysis and reportings at fund and asset level,
- Ensure the provision of client reportings
- Harmonise controlling and reporting processes
- Act as the main point of contact for external and internal clients and take appropriate actions to address (adhoc) client requests
• Accountable for providing leadership towards the team and the firm:
- Hire and retain talented teams comprising complementary profiles
- Define team objectives and deliver on-going feedback and annual appraisals, allocate tasks between all team members
- Communicate internally (within the team) and externally for appropriate decisions
- Energise the team in a changing environment
- Be able to multi task and deal with high workload, even under pressure
- Participate in and drive transversal projects if requested
- Support AXA IM Real Assets' Global projects. This may include
- Lead one or several workstreams or contributing to those
- Develop a constructive collaboration with other local teams to contribute to business and Operations processes improvements,
- Share best practices with representatives from other countries, and
- Act as change agent within Germany resp. the business line
• Accountable for performing other tasks and projects in the context of FMCG as assigned from time to time
• Accountable for reinforcing sound and effective risk management in line with the Risk and Compliance Objectives & Measures Framework
Qualifications
Your Profile:
• Degree in Business Administration (Controlling or Finance) or a comparable qualification
• Proven experience in fund management and / or fund financial management with knowledge / understanding of pan-European (real estate) fund structures and management
• Proven experience in audit, fund accounting, fund controlling and financial control in the fund business, ideally in the European real estate industry
• Proven experience in Real Estate, Asset Management and/or Project Management would be a plus
• Successful in managing teams
• Confident in MS Office
• Proven skills in accounting (IFRS), tax and cash flow modelling
• Fluent in English & German (orally and in writing)