TIAA Senior Finance Manager in Luxembourg City, Luxembourg
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
KEY RESPONSIBILITIES AND DUTIES:
Investment Accounting Management
The Investment Accounting Management job manages the investment accounting policies and procedures of the organization and ensures they are correctly applied to financial transactions. This job partners directly with asset management, portfolio management and acquisition/disposition teams, and also supervises professional level employees who are responsible for preparing month end closing reports and subsidiary quarterly financial analytics.
Key Responsibilities and Duties
Leads the preparation of timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, restructuring, and financial performance).
Ensures modified cash basis accounting information provided by third party management firms have been accurately converted to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
Works closely with internal auditors, public accountants, federal tax examiners, and other financial professionals ensuring that practices are in line with the overall goals of the organization.
Explains investment accounting policies, procedures and control processes to ensure that policies are clear and understood by all team members.
Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional products and engagement, motivation, and development of Investment Accounting team.
- University (Degree)
Assist the Head of Finance, based in London, to lead the Neptune finance team
Being one of the key contacts with Investors
Manage the production of the financial statements and the relation with auditors
In charge of producing quarterly reporting
Participate in the production and review of the quarterly investors report
Oversee the debt reporting
Produce the corporate budget
Assist the Head of Finance to plan and monitor the Fund cash flow
Manage the relationship with Fund third party services providers
Ensure compliance with regulations, legislations and internal procedures
Ensure compliance with tax laws and any mandatory reporting
Provide support in transactions, transfer pricing and any other structuring projects
Act as a member of the Board of Directors for selected companies
Participate in the recruitment, development and supervision of the Neptune Finance team
Provide support to the Fund Management team and any other Nuveen business functions
Undertake any ad hoc projects for the Fund and wider business as required from time to time
Technical Skills & Qualifications Required
Qualified accountant (ACCA or equivalent) with strong academic record is desirable, although not essential for a candidate who has the relevant skills and work experience
Good accounting knowledge (IFRS, LUX GAAP)
Ability to understand financial and structuring models
Strong IT systems skills, particularly in Excel
Fluent in both spoken and written English. The additional ability to communicate in Spanish and/or European languages would be an advantage.
Strong leadership, communication and negotiation skills
Understanding of European regulatory requirements (e.g. transfer pricing)
Previous experience working in a pan-European fund
Exceptional organisational skills and the ability to work to fixed deadlines
An acquired knowledge of the INREV guidelines would be viewed favourably, as would an understanding of the AIFMD and its impact on real estate funds
Understand and act in line with Nuveen Real Estate’s company values
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