Job Information
Nuveen Investments Fund Finance - Assistant Finance Manager, based in Frankfurt (m,f,d) in Frankfurt, Germany
The Property Finance Team responsibility ranges from managing external property accountants and other service providers, preparing and reviewing the monthly and annual accounts on property level to regular finance related tasks like budget vs. actual analysis, cash management, external reporting etc.
The Property Finance Team cooperates and collaborates with internal departments, fund and asset management teams as well as various external business partners (e.g. AIFM platforms, property managers etc.) and manages a portfolio of c. 80 properties totalling to c. €3bn invested in retail, logistics and mixed use sectors across Germany and continental Europe.
This role requires no regulatory designation.
Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact ta@nuveenglobal.com should you require any assistance.
K ey responsibilities will include:
Financial management of development and investment properties located in Europe
Support to the respective Asset & Fund Managers, KVGs, auditors, corporate accountants etc.
Close interaction with other Nuveen Real Estate offices globally and assisting with all property
related reporting requirements
Hands on involvement with reporting, cash flow management and process improvement
Providing support on indirect management and oversight of third party service providers (e.g.
Managing Agents)
Main Duties and Responsibilities
Annually:
Preparation of year-end financial statements and preparation of year-end reports on property level
Main point of contact for property related audit queries
Manage tax compliance process and adherence on property level
Review of annual service charge reconciliations
Quarterly:
Support on the preparation of finance sections for quarterly investment reports to investors and for fund performance as well as risk and compliance steering
Preparation of quarterly liquidity requests (cash flow management)
Monthly:
Month End Close management and coordination
Control and review of balance sheet and P&L accounts on property level (i.e. rent and service charge reconciliations, reviewing bank reconciliations and bad debt assessment, posting accruals/deferrals, variance analysis on rental income and expenses, account reconciliation and clearing)
Supporting on a smooth technical interface to the clients accounting system for both accounting and tenancy master data
Calculation of VAT deduction level by property
VAT reconciliation by property
Monthly quality review, management and reporting of correct tenancy master data maintenance on MRI
Ongoing:
Day to day accounting issues
Liaising with managing agents and members of the wider Nuveen Real Estate team to deliver process standardisation and efficiencies
Preparing and reviewing reporting to various internal departments (Performance, Treasury, etc.)
Clarify ad-hoc accounting queries with external property and fund accountants
Close interaction with other Nuveen Real Estate offices globally and assisting with all reporting
requirements
Ensure 4-Eye-Review where applicable for important, complicated reports and analysis and
preparation and ongoing update and maintenance of process descriptions
General:
Additional ad-hoc project work will be required
Invoice approvals
Cash management
Ad-hoc queries
Assist with due diligence work on investment/divestment activity
Support on IT projects
Technical Skills & Qualifications Required
Qualified accountant (ACA/ACCA/CIMA or equivalent like Bilanzbuchhalter IHK or Assistant tax consultant)
Property and/or Fund accounting experience
Good knowledge of Excel, Word, Outlook & accounting systems (MRI experience desirable)
Working knowledge of local accounting standards
Good knowledge in tax law is desirable
Fluent German and English skills are essential
Competencies Required
Good analytical, planning and organizational skills
Customer focused and self-organized
Team player - close liaison with fund management and other areas of the finance and operations team, as well as external advisers
Good communication skills
Teamwork/Commercial - Support the other members of the Finance team and Fund teams
Act in line with Nuveen Real Estate’s Company Values (role model)
Related Skills
Accountability, Accounting Standards, Client Relationship Management, Collaboration, Commercial Acumen, Communication, Compliance, Data-Driven Business Intelligence, Due Diligence, Executive Presence, Financial Acumen, Financial Modeling, Financial Risk Management, Financial Statements, Fund Accounting, Market/Industry Dynamics, Stakeholder Engagement, Story Telling
Company Overview
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.nuveen.com
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
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TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
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Pay Transparency
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