At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for a Financial Reporting Consultant to join our Franklin Real Asset Advisors team in Luxembourg.
What is Franklin Real Asset Advisors?
Franklin Real Asset Advisors (FRAA) is a dedicated platform within Franklin Templeton Alternatives specializing in global real estate and infrastructure investments. Established in 1984, they manage a range of private equity real estate investments. The investment team constantly screens for attractive investment opportunities utilizing Franklin Templeton’s global presence and network of real estate partners. FT Alternatives’ operational headquarters are based in Boston and support the FRAA investment teams in New York and London.
What will this role entail?
FRAA is seeking to hire a Financial Reporting Consultant specialized in IFRS and direct real estate investment structures to round out the accounting and operations team. This includes coordinating the financials, audit, property transactions and cash flow requirements. Role specific initiatives will be focused on supervising statutory and regulatory reporting, with a priority on the direct real estate platform. The ideal candidate will have a strong IFRS/accounting background, be able to direct and conduct a variety of financial reporting activities for real estate and have a good understanding of Luxembourg regulatory requirements.
What are the primary responsibilities of the Financial Reporting Consultant?
Own the quarterly financial statements and NAV under IFRS, Lux, U.S. and other local GAAP requirements
Oversee the property and company level audits as well as any local regulatory reporting
Work closely with dedicated third-party administrators, auditors, and asset managers
Provision financial information to internal clients, applicable regulatory reporting (CSSF, AIFMD), quarterly board presentations and investor reporting
What are additional responsibilities of the Financial Reporting Consultant?
Review property and asset manager reporting to monitor transactions and budgets
Provide assistance on the day to day cash management process
Develop and maintain strong relationships with the investment team, FT Managing Shareholders, ManCos, Depositary, Admin, and all external service providers: tax, legal, property managers, local accountants, etc.
Help lead fund accounting and operations by recommending best practices, documenting procedures, and managing audit, risk and compliance reviews.
What qualifications, skills and experience would help someone to be successful?
4-7+ years of accounting or audit experience working for a Big 4 on direct real estate funds and investments in Europe
Motivated, self-starter with strong analytical skills, and an ability to grasp new concepts quickly while prioritizing to meet deadlines in a highly demanding environment
Strong understanding of the mechanics and fundamentals of real estate private equity (financial reporting, capital calls, distributions, cash management, debt servicing, etc)
Demonstrated ability to manage, improve and lead daily processes, reporting and a willingness to be an active team player
Experience with data analytics applicable for direct real estate and accounting systems (MRI, Yardi, others)
Strong Microsoft Excel and PowerPoint skills required
ACCA or similar accounting qualification
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people, and see what it means to say, “I AM Franklin Templeton.”Franklin Templeton values diversity in its workforce and welcomes employees from different backgrounds, generations, capabilities, cultural identification, sexual orientations, and gender expression, in addition to other attributes that contribute to a truly diverse and inclusive community.