AVP managing financial reporting for Blackstone's real estate funds in Singapore. Responsible for supervising acquisition activities, deal management, and ensuring compliance in financial transactions.
Responsibilities
Monitor acquisition timeline and support Blackstone Finance team on acquisition activities
Review acquisition funds flow through the deal structure and oversee execution
Review acquisition documents and keep track of key activities
Co-ordinate with various stakeholders, including legal advisors and sellers for onboarding of Finance/Tax/Treasury related documents
Manage closing cost & working capital requirements as part of deal acquisition
Support BX acquisition team with financial information as required
Manage portfolio deals in accounting & reporting functions
Capitalize funding through the deal structure as per structure & tax requirements and monitor it throughout deal life cycle
Ensure timely approval and payment of invoices
Review monthly management accounts for projects under your allocation
Review quarterly valuation deliverables to Blackstone i.e. NAV analysis, Debt valuation and Cash analysis
Monitor liquidity and cash management on an ongoing basis
Manage working capital and closing costs as part of quarterly reporting
Liaison with corporate secretary and legal advisors in finalizing corporate secretarial documents and legal documentation for all capital transactions
Review of funds transfer documents and ensuring all considerations are met (e.g., bank details, bank balances, negative interests, bank charges, cut-off timings)
Oversee funds transfer with Treasury to ensure smooth execution, including settlement of FX trades
Analyze cash flow requirement in each project and finalize distribution amount on a quarterly basis
Review solvency tests and ensure compliance with legal requirements as part of distribution
Review and finalize documentation for all funds movements working closely with Cosec and Legal teams
Review ad-hoc capital movement through the deal structure
Review and guide team on key financial transactions (including JE booking)
Summarize & analyze quarterly NAV fluctuation for stakeholders
Manage statutory audits and review financial statements of entities under your allocation, including liaison with auditors on audit issues/complex disclosures.
Review allocation of fair market valuation for each entity / deal on quarterly basis
Review deal book and ensure deal structures are updated
Disposition management, including fund flow management, onshore coordination and tax reviews
Manage working capital till liquidation of entities
Work closely with Cosec and Legal teams to liquidate the entities in projects
Provide support to Tax team in ensuring all tax reporting requirements’ deliverables and support are provided on time
Assist Tax team in responding to queries from tax agents on financial related matters
Responsible for onboarding of new team members
Monitor appropriateness of team structure and workload
Assess training requirements to keep team members up to date with relevant requirements, and provide ongoing coaching and training to direct reports
Proactively manage expectations, set targets, and provide feedback to team members
Ensure stakeholders’ needs and expectations are well managed (i.e Blackstone business finance), and stakeholders are aware of timing and progress of deliverables
Ensure quality of deliverables and service are aligned to excellence required by Blackstone
Liaise with external advisors, such as tax advisors, auditors, legal advisors, and lenders in relation to ongoing matters and deal structuring issues or refinancing of loan
Manage relationship with JV Partners/Platforms/ Service providers for various deliverables
Assist with continuous improvement initiatives for all financial reporting processes
Liaison with back-end (COE) teams and provide coaching and training to COE teams
Liaison with 3rd party onshore service providers / JV partners
Ad hoc project work
Requirements
7 years’ + experience in a relevant industry
Chartered Accountant or equivalent
Bachelors (or equivalent) in Finance/Economics
Working knowledge of Private Equity/Real Estate, Fund Administration experience desirable
Fluent in Knowledge of a foreign language both written and spoken preferred (Japanese and/or Korean)
Tax structuring knowledge beneficial
Relationship management experience to influence diverse stakeholders across regions
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