Palmer Capital Are Recruiting…

Principal Focus

In respect of four UK Property Funds and one Segregated Mandate:

1.      Fund modelling, forecasting and deal/fund investment appraisal

2.      Preparation of Quarterly NAV Statements in a timely and accurate manner

3.      Prepare Quarterly Investor reporting

4.       Involved in set up of new funds

5.      Calculation of IRR’s for projects

6.      For relevant Fund SPV’s, Limited Partners, General Partners Onshore & Offshore Feeder Funds, FSA Regulated entity, Project/Asset Management entities:

A)     Responsible for all aspects of maintaining up to date financial records; purchase ledger/payments, sales ledger/receipts and collection, bank reconciliations, journal entries, accruals/prepayments, fixed assets, investments, payroll and VAT returns

B)     Responsible for the day to day management of bank accounts and other cash balances

C)     Preparation of timely and accurate financial statements in line with month end and year end timetables

D)     Liaise with Auditors to ensure statutory financial reporting and tax returns are correct and filed on time

E)      Prepare cash flow, P&L and Balance Sheet forecasts as required

F)      Ensure deal co-investment is correctly recorded, and that inter-company balances are correctly recorded and validated regularly with corresponding parties

G)     Provide timely and insightful ad hoc commercial analysis/reporting to support informed business decisions

H)     Handle bank debt covenant reporting

And,

7.      To work closely with Finance team members, and other internal and external contacts to contribute to the development of finance processes that will improve the level of finance/fund support provided to the business

8.      As hoc support as required

Knowledge, Skills and Experience Required

·         Qualified accountant

·         Good knowledge of UKGAAP and IFRS reporting standards

·         Property fund experience essential

·         Proven modelling, forecasting and business analysis skills

·         Technical accounting and regulatory knowledge essential

·         Proven experience of managing external relationships e.g. external auditors

·         Experience of mid-tier accounting packages and excellent excel skills (experience of Yardi Voyager desirable not essential)

·         Knowledge of INREV standards for fund reporting purposes.

Required Personal Qualities

·         Good written and verbal communication skills

·         Confident working with senior managers

·         Able to translate technical financial information to a wider non-financial audience

·         Ability to produce a high standard of quality information

·         Shows initiative and comfortable taking on new tasks or developing new processes

·         Ability to work on own initiative – to be a self-starter in a small office

·         A team player

·         Able to work under pressure in a changing environment

·         Commercial yet practical approach

·         Attention to detail

Key Contacts

Internal:

·         Fund Mangers

·         Executive Team

·         Other Finance Team members, including Head of Finance and Group Financial Controller

External:

·         Trustee

·         Operator

·         Auditors

·         Property Managers

·         Tax Advisors

·         Development Company Directors

·         Development Company external Accountants

·         Banks

·         Foreign jurisdiction administrators (involved in the preparation of statutory financial reporting and tax returns)