Consultant, Property Real Estate Fund Accounting
Northern Trust · Limerick, Ireland ·
- Category
- Finance
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Role/ Department:
An opportunity has arisen for the role of Consultant in the Real Estate and Infrastructure (REIF) Team. Our team provides Fund Accounting, Financial Reporting and Relationship Management services to our clients. The team is regarded as the leading provider of Fund Administration services to the Irish Real Estate market. This role will provide an opportunity for you to develop both knowledge and experience of a dynamic and varied client environment and represents an exciting opportunity to work with a number of niche asset managers.
The key responsibilities of the role include:
Financial Reporting
Preparation of interim and annual financial statements for Property Funds including the completion of consolidated financial statements for complex cross-border structures.
Active liaison with clients and external auditors, dealing with audit queries.
Ensuring agreed client service levels and regulatory filing deadlines are met.
Oversee the preparation of regulatory returns, including compliance reports, Central Bank and CSO returns.
Fund Accounting
Develop an understanding of Fund Accounting requirements for Property Funds.
Collection of relevant information to facilitate production of NAVs.
Issue NAVs accurately and within defined timeframes.
Organise payment of operating expenses.
Liaise with new clients to determine fund structure and level of detail required to support striking of NAV.
Client Servicing
Responsible to provide unrivalled client satisfaction and continuously improve the department’s performance to clients (internal and external).
Effective communication with clients, investors and associated parties on fund activities.
Ensure that operating arrangements are clearly established on inception of a fund.
Ensure that documentation, legal and compliance issues are complete.
To understand the purpose of and gain the critical background knowledge of Funds assigned to the team.
To keep abreast of current activities in the REIF’s market as well as industry and regulatory developments.
Dealing with client queries.
Liaising with other internal departments such as Trustee, Legal, Transfer Agency and Company Secretarial.
Contribute to the marketing and sales process to prospective clients via sales presentations, RFP responses etc.
Purchase and Sale of Property Investments
Understand the structure of property transactions.
Understand the process and approvals required.
Co-ordination of approval process.
Collation of documentation / record maintenance.
Skills/ Qualifications:
The successful candidate will benefit from having:
Detailed knowledge of Irish/UK GAPP and IFRS.
Working knowledge of the Irish regulatory /tax regime as it relates to Fund Accounting and Financial Reporting.
A strong appreciation of accounting principles and standards.
Knowledge of or willingness to quickly gain knowledge of Property Fund Administration.
High level of communication skills, previous relationship management experience would be beneficial.
Demonstrate leadership and team-building qualities and ability to motivate a team.
Ability to assist with the management of the team.
Demonstrates understanding of the need for high-touch client service.
Ability to participate in systems development projects.
Demonstrates commitment to producing high quality work and to timeframes required.
Strong knowledge of Excel.
Work Authorization
Applicants must have the right to work in Ireland at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.