Fund FinOps Manager

Location

Business - Real Estate

Brookfield Real Estate Group is one of Brookfield’s primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world’s most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Position Summary - Accounting Manager

Candidate will assist the Finance & Operations team (“FinOps”) with the reporting, accounting and operations responsibilities of the real estate investment funds:

Responsibilities:

• Preparation of, and assisting with the compilation and review of information included in quarterly fund investor reports, which include the financial statements as well as quarterly updates to management, and fund/investment portfolio overview

• Financial statements prepared in accordance with US GAAP (Fair Value Investment Company Accounting)

• Preparation and distribution of quarterly investor capital statements

• Assist finance teams overseeing Brookfield affiliate finance teams with providing quarterly reporting information for the public manager/company, which is on a consolidated IFRS basis

• Assist in providing information concerning our funds for SEC/regulatory reporting requirements of the publicly listed fund manager/company

• Assist in providing information/answering requests/questions concerning our funds as requested by investors and other Brookfield teams

• Review of accounts

• Assist US tax team and its advisers with providing information we control for purposes of US/State tax reporting / projections / compliance for the fund entities and underlying investors

• Assist finance teams overseeing Brookfield investment vehicles with interests in the fund with information needed for Canadian tax filing/planning

• Coordinate with tax teams on withholding proceeds and making related payments for fund entities and/or investors that are subject to income taxes

• Assist in all investment-related activities of the funds, which includes but not limited to:

• Coordinating cash movement and assisting with the preparation of related fund flow/cash step schedules

• Requesting and/or assisting with the execution and settlement of foreign currency trades

• Requesting drawdown on the fund credit facility line

• Assist in all partner capital activity of the funds, which includes, but not limited to:

• Plan, prepare and distribute material related to capital events of the fund (capital call and distributions)

• Maintain and update fund distribution waterfall model

• Coordinating cash movement and assisting with the preparation of related fund flow/cash step schedules

• Credit facility loan administration and compliance

• Assist with the liquidation of entities related to fund structures of investments that have been sold

• Calculate and coordinate payment of management fees

• Review and pay fund expenses, as well as coordinate payment of liabilities due to the fund manager, who serves as a paying agent for the funds

• Review daily cash reconciliations files prepared by fund administrator and monitor cash balances of all fund entities’ bank accounts

Requirements:

• Professional accounting qualification (Charted Accountant/CPA)

• Minimum 9-10 years of progressive work experience in fund administration and/or relevant fund accounting experience

• 2+ years of team handling experience (officially on the system)

• Proficiency in Microsoft Excel

• Detail oriented, with ability to navigate through large data sets efficiently

• Strong communication (oral and written) skills

• Team oriented

• Ability to multi-task with good time management skills

Nice to Have:

• Working knowledge of Investran, Workiva

• Experience with Anaplan

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.