Fidelity International has always believed it is in the best interests of its investors to be real specialists in the field of asset management. As the company is independent and privately owned, it has a substantial capital base established over several decades, enabling it to invest in long term strategies and developments.
The real estate business was founded in 2006 and launched its first funds for institutional investors in 2008, since then it has attracted a range of blue-chip clients from the UK, continental Europe and Asia. The experienced team of fund managers, analysts and operations professionals are based in 6 locations across Europe (London, Paris, Frankfurt, Munich, The Netherlands and Luxembourg). The team has established strong performance track records and we are now building on this success by first growing our existing flagship funds, then further developing the business by launching new funds. As a long term investor, our ultimate goal is to be one of the major real estate fund managers in Europe.
Real Estate Operations is part of Fidelity International's wider Global Business Operations and is responsible for providing support to the Real Estate Investment managers, research team and other group functions. The team is responsible for Financial Accounting, Corporate Reporting, Taxation, Fund Structuring and Asset Servicing for all aspects of the Real Estate Business.
Purpose of your role
The role of the European Property Accountant will cover all aspects of real estate accounting and reporting for the French and Belgian assets held within our property funds. Responsibilities will range from the review of service charge reconciliations, reconciliation of tenancy schedules, management of payment processes, to assisting with acquisitions and disposals. The property accountant will provide transactional support to portfolio managers and will supervise the activities of third party service providers in France and Belgium who assist with financial and tax reporting. The role will also offer the successful candidate the opportunity to contribute to the design of new financial reporting systems and processes and also contribute towards enhancements being made to the existing operating model.
This position will report directly to the Property Accounting Manager in the Real Estate Operations team.
Specific responsibilities include:
Support the operational processes to acquire, manage and dispose of real estate assets located predominantly in France and Belgium
Provide efficient accounting and administration services in relation to real estate assets
Manage vendor engagement, budgeting and settlement processes
Provide responsive service and support the portfolio management team and other stakeholders
Ensure integrity of property information such as valuation, income and expense within the financial reporting systems
Help to manage workflow tasks within Fidelity such as new property setup, lease management and vacancies
Ensure compliance with procedures and controls and internal risk policies
Manage internal and external loan balances and support relationships with finance providers
Preparation of tax and regulatory reports in relation to French and Belgian Real Estate
Assist in corporate reporting and corporate governance for property holding companies
Actively engage or manage the audit process and the preparation of the interim and year-end financial statements at both a local and consolidated level
Experience and Qualifications Required
Fluent English and French are essential
The candidate will have experience of accounting and administration within a real estate environment in France and Belgium
Experience required of service charge accounting, property insurance and related reporting activities
Strong reconciliation and investigation skills are essential
An ability to work cross-team and cross-department and influence others will be important within this role
Good communication skills are critical and the candidate must be able to articulate ideas coherently to colleagues, third party vendors, internal customers and external clients
Attention to detail and a good work ethic is important
Good interpersonal skills as the position requires daily contact with Portfolio Managers, Research Professionals, Financial and other Administrative staff
Strong business analysis and Excel skills
Ability to work independently and take initiative as needed, to manage daily tasks and special projects
An individual who is professional, pro-active with a high level of personal integrity and focus on the customer is crucial
Assertive and self motivated and an ability to prioritise and multi-task effectively
A true team player who will be happy to volunteer to assist colleagues when necessary
Utmost discretion when dealing with sensitive and confidential information Desirable skills
Good investment administration experience within a real estate or custody environment
Good corporate governance experience
Experience of coordinating or managing a year-end audit process
Experience of using Real Estate Accounting Systems such as Horizon / Qube / Yardi