Nuveen Investments Fund Controller, Glennmont in United States
Investment Accounting Management
Supervises the full cycle of accounts payable activities, month-end accruals, and GL reconciliations; supervises the Accounts Payable staff.
Key Responsibilities and Duties
Supervising 1099 processing, year-end procedures, travel and expense reimbursement.
Interpreting and explaining organization's internal financial controls, policies and procedures, tax regulations, and related information.
Preparing daily and monthly accounts payable registers, and statistical reports for management.
Revising, developing and implementing accounts payable policies and procedures.
3 Years Required; 5 Years Preferred
No Advanced Degree Required, Preferred
- Physical Requirements: Sedentary Work
Position: Fund controller
Purpose of role
Glennmont Partners manages funds which invest in renewable power generation projects and assets in Europe. The funds are invested in a mix of capital appreciation and cash flow generative assets. Investments include assets in operation, construction and development projects in four main areas: wind, solar, hydro and biomass. The senior management team comprises four partners with more than 40 years of international experience in clean energy as well as utilities and M&A execution. The Asset Management Team report to the senior management through the Asset Management Committee
As the Fund Controller you will be responsible for a broad range of external and internal reporting and the overall monitoring of the firmâs investment portfolio in Europe or globally as the fund strategy may require.
Key Tasks and Key Responsibilities
Run and maintain the fund model
Manage all internal & external reporting deliverables.
Lead approver for regular reporting to investors (partner statements / quarterly reports and annual accounts)
Support other investor reporting processes including ad hoc queries, specific templates and ESG compliance.
Support the fundraising efforts through the timely management of prospective investor queries and additional analysis and reporting
Lead the development of best in class reporting standards
Coordination Accounts Payable / Accounts Receivable and overall Fund cash flow management (including distributions, drawdowns, closings, equalisations and management fees)
Determine fund performance levels and trends in performance, strong understanding of the financial metrics and key value drivers behind these
Support fund management through interaction with fund administrators and other third parties.
Support the integration in the existing portfolio of new investments from a legal, accounting, tax, modelling viewpoint
Support the set-up of new products from a legal, accounting and tax perspective
Support the audit engagement and daily interaction
Support fund standardisation of key process (tax, governance, third party service providers, Financial, reporting, etc...)
Responsibility for Fund level financing facilities, including arrangement and day-to-day management (covenants compliance and reporting)
Maintain strong communication links and knowledge sharing with the asset controllers
Manage the asset valuation process in a timely, coordinated and efficient manner with due regard to all stakeholders
Support and oversee integration and efficiency workstreams to improve and refine processes
Support and oversee tax management
â¢ Manage tax advisors
â¢ Oversight annual tax computations
â¢ Oversight Fund tax compliance
â¢ Support delivery of Group Transfer Pricing exercises (if applicable)
Other specific knowledge & skills
Candidates must be able to cover the entire fund management reporting cycle and must be comfortable working with a variety of alternative investment structures with a strong understanding for why they exist or genuine interest in learning.
ï¸ Min 5 years relevant working experience
ï¸ Strong financial service background gained in: fund administrators, Big 4 accounting firms and similar advisory firms, energy infrastructure funds, private equity funds, energy utility (finance or strategy department)
ï¸ Financial control experience in Fund Management desirable.
ï¸ Transaction experience desirable (from origination to execution)
ï¸ financial modelling experience
ï¸ Relevant experience of power industry desirable
ï¸ Fluent English required with additional European languages preferable
ï¸ Candidates must have the right to work in the UK
ï¸ Experience with Project Finance documentation and interaction desirable
ï¸ Clear understanding of UK (preferably European) laws and regulation in relation to AML, regulatory compliance and risk
ï¸ Strong knowledge about the Alternative Investment Fund Management Directive
ï¸ Ability to understand key business and strategic objectives of the company and integrate business, legal, and regulatory concepts to develop effective internal controls and risk management strategies
ï¸ Financial services experience
ï¸ A strong academic background is required
ï¸ ACA, CIMA, ACCA desirable
ï¸ Interest in the renewable energy sub-space is a prerequisite
ï¸ Experience in management accounting, investment review, tax structuring
ï¸ Power industry background is an advantage
ï¸ Sound and solid financial toolkit (building models, analysing financial statements, performing valuations, structuring deals)
ï¸ The role requires exposure to EU 28 countries. Therefore, fluency in local languages is preferable in order to analyse data and interact with acquired/prospective companies, regulators and investors.
ï¸ A strategic approach with sound business judgment.
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.Â 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.Â For more information about the firm please visit our website at www.nuveen.com
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