Assistant Fund Finance Manager Milano

Assistant Fund Finance Manager
Milano
Lombardia, Milano

About the Company Our purpose is to build prosperity by investing in resilient real assets. Our vision is to be a trusted investment manager, respected for our expertise in restorative real estate investment enabling people, communities and eco-systems to thrive.

We are a dedicated real estate and real-estate debt specialist managing €25. 5bn on behalf of institutional investors globally. Our global platform of 16 locations enables us to combine a truly global perspective with local expertise to offer investors a range of compelling strategies.

The firm has over 30 years of experience delivering real estate strategies for investors, with over 400 staff dedicated to positive client outcomes. Our strategies span the office, logistics & industrial, retail, living and debt sectors, and have been designed with the flexibility to meet the needs of a wide range of investors.

Responsible investment is integrated into our investment-management process to ensure that responsible investment risks and opportunities are not siloed, but recognised and acted upon throughout our business, as well as communicated to investors.

Savills Investment Management: Resilience. Responsibility. Results.

Key responsibilities: Financial accounting – Statutory. The AFFM will be responsible for completing parts of the Statutory accounting of the Italian regulated real estate funds and companies (Special Purposes Vehicles - SPVs) as delegated by the FFM. This could include:

Reviewing standalone accounts (ledger / sub-ledger accounts);Reviewing specific financial balances;Preparing tables and notes to the Financial Statements;Preparing working papers for the auditors;Preparing arguments to defend audit adjustments;Developing an awareness of accounting principles relevant to the financial statements of Italian regulated real estate funds and companies. Financial accounting – quarterly closing. The AFFM will be responsible for completing parts of the quarterly closing activities for the Italian regulated real estate funds and companies (Special Purposes Vehicles - SPVs) as delegated by the FFM. This could include:

Reviewing accruals / provisions / valuations (properties, derivatives);Reviewing standalone accounts (ledger / sub-ledger accounts);Reviewing specific financial balances;Reviewing elements of the NAV calculations;Seeking verification of the results with the portfolio managers;Preparing reporting package to be used for consolidation activities;Performing analytical review of financial accounts (compared to previous quarter / year);Developing an awareness of IFRS relevant to the reporting packages of Italian regulated real estate funds and companies. Financial accounting – recurring activities. The AFFM will be responsible for performing the following activities under the supervision of the FFM:

Managing daily relationships with accounting outsourcers (providing relevant input, data, information plus review / analysis of outputs, including accounting treatments);Managing daily relationships with the property manager (providing relevant input, data, information plus review / analysis of outputs, eg. receivable and payable ageing lists, property costs, tenancy schedule);Managing periodical relationships with tax advisors and lawyers. Budgeting & controlling. The AFFM will be responsible for performing the following activities under the supervision of the FFM:

Performing periodical / quarterly gap analysis (actual vs. budget) at asset and entity level;Preparing reports summarising analysis performed and findings;Collaborating with the investment and treasury team in the preparation / review of the business plan at asset and entity level, budget and forecast. Collaborating with the investment and treasury team in the preparation / review of the cash flow at entity level;Developing Excel skills;Develop an understanding of how investment property works; andDevelop an understanding of investment appraisal. Banking, debt and cash management.

The AFFM will assist the FFM and the treasury team with cash management and day to day banking relationships. This includes:Cash management across the entire structure;Preparation of payments for approval of certain payments, including review of invoices approval form and comparison with agreements / orders;Review of bank reconciliations;Preparation of treasury management information reporting;Covenants monitoring;Preparation of bank reporting. Client services and investors. The AFFM will assist the FFM in being the financial representative for the fund for both the client services team and investors. This includes:

Develop an understanding of the Savills I. M. brand;Assist with preparing supporting schedules to answer investor queries. Transaction support. The AFFM will assist the FFM in provide financial assistance and support to the investment team. This includes:

Support in the property disposal process;Preparing information as required to support the transaction process;Preparing information for the transaction approval committee reports;Reviewing financial due diligence. Corporate Governance. The AFFM will assist the FFM and the Head of Finance with ensuring that the companies in the structure are appropriately managed. This includes:

Preparing of information for board meetings;Oversee the preparation of notices of meetings and statutory minutes;Develop an understanding of ongoing management of the structure;Assist in ensuring that documentation is kept up to do date;Assist with tax compliance as required;Assist with ensuring that all required companies and tax filings are done on a timely manner. Education, qualifications, and other requirements: Proficiency in both Italian and English is essentialGood Excel skills and competence with other Microsoft Office packages;Knowledge of IFRS and Italian GAAP;Knowledge of accounting principles and regulations issued by Bank of Italy for Italian real estate funds (plus)Knowledge of local corporate and taxation requirements. Typically around 1/3 years work experience in the role and/or within audit companies;Experience in the Finance / Real Estate sector (plus);We are a committed equal opportunities employer and welcome applications from all individuals, regardless of age, disability, gender, sexual orientation, race and religion. We are focused on fostering a culture and environment that allows for inclusion and diversity throughout our business. Savills IM offers several employee led forums which provide support and guidance around Diversity & Inclusion, as well as ensuring our principles are built in to all of our processes, practices and expectations.

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