Assistant Vice President - Finance

Location
Singapore (SG)
Salary
Competitive salary and maintains a discretionary bonus scheme which is seen as fair and generous
Posted
21 Feb 2019
Closes
31 May 2019
Ref
BREA_F_AVP_001
Job role
Finance manager
Contract type
Permanent
Hours
Full time

Objectives of Role:

Ensuring the delivery of high quality financial information and monitoring of day to day matters of the Special Purpose Vehicles owned by the Blackstone Real Estate Funds investing across Asia.

Reports to: Senior Vice President, CFO

Responsibilities: (including but are not limited to)

Financial Accounting & Reporting

  • Assist external administrators / affiliated accountants (BRE Asia Luxembourg) with preparation of accounting entries, such as acquisitions, disposals and distributions;
  • Quarterly review of accounting records and reporting packages;
  • Review / preparation of  local GAAP (and/or IFRS as required) financial statements;
  • Manage the process of preparation of financial statements by an external service provider for the various top holding companies;
  • Work in a team to co-ordinate the (interim) audit process, liaising with local, group and global auditors to ensure that information is provided on a timely basis and that deadlines are met.
  • Manage and review the reporting from JV partners/Operating partners/Asset Managers Review of property accounting for investments in Asia Pacific including China, Australia, Japan, India, Korea
  • Coordinate and review US tax reporting, and consolidate reporting packages per investment ;
  • Intercompany reconciliations and regular intercompany settlements where applicable;
  • Deliver quarterly NAV, Debt and cash analysis and coordination of sign off from BREP Asia team

Investor & Bank Reporting

  • Coordinate and prepare external debt financial covenants and information packages for lending banks;
  • Liaise with lenders to request approval under waterfall requirements for distribution
  • Collate and provide any investor reporting as required

Team Management

  • Responsible for onboarding of new team members and application of the operating processes
  • Monitors appropriateness of team structure and workload
  • Assess training requirements to keep team members up to date with relevant requirements

Cash Management

  • Monitor liquidity and cash management for investments;
  • Preparation of quarterly cash flow reporting and summary per investment;
  • Manage quarterly distributions coming from propcos to offshore SPVs, and coordinate sign off from BREP Asia team 
  • Manage FX conversion process for distributions, acquisitions and disposals of an investment.  
  • Approve and execute expenses/payments/inter-company funding

Asset Management & Sales Support

  • Support asset management team with ad hoc financial information / analysis as required;
  • Manage relationship with property managers;
  • Prepare and monitor operating budgets for investments;
  • Support acquisitions team with financial information as required;
  • Ensure the calculation of capitalization structure/amounts, the issue of shares, and preparation of loan documents for each investment is in accordance with structuring advice
  • Support asset management team with financial information in connection with disposals as required;
  • Liaise with external advisors, such as tax advisors, auditors and legal advisors in relation to ongoing matters and structuring issues related to additions and disposals 
  • Prepare closing statements for dispositions

Tax Structuring and Compliance

  • Work with tax advisors to ensure that tax structuring for investments is complied with and that tax opinion is updated where relevant;
  • Ensure that all tax filings are kept up to date for the SPVs;
  • Ensure legal and statutory compliance through liaison with legal advisors.
  • Coordination with co-sec to set up the entities within the investment structure, and bank accounts, ensuring deadlines are strictly adhered to

Other Responsibilities

  • Assist with continuous improvement initiatives for all financial reporting  processes;
  • Liaison with 3rd party administrators and finance teams across Asia and BRE Asia Luxembourg;
  • Ad hoc project work.

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