Fund Accountant (Real Estate Investment Fund Services division) recruitment

About Citco Corporate Trust

The Citco Group of Companies is a rapidly expanding, global organisation specialised in fiduciary services, fund administration and other financial services on behalf of multinational companies, individual investors, private equity and real estate firms. Presently our organisation employs more than 4,000 people in over 60 offices worldwide.

Within the London Office, we are seeking an experienced Real Estate Fund Accountant to bring expertise to the London REIF operation and to manage the accounting and tax service for UK clients.

Keys Objectives:

• To effectively deliver the regulated operator service to UK REIF clients, ensuring that the company fulfils its obligations under the operator agreements and FSMA 2000.

• To control the process for preparation of accounts and the filing of tax returns for clients, ensuring a high quality service.

• To contribute to the development of the department.

REIF UK Regulated Operator Service

Citco REIF Services UK Limited is an FSA authorised company, which acts as a UK regulated operator of funds structured as unregulated collective investment schemes (“UCIS”). Our specialist team provides regulated services to client funds, whether the vehicles involved are Limited Partnerships, Limited Liability Partnerships, Trusts or any other arrangements constituting a UCIS. Our experience in real estate underlies our client portfolio of property funds.

Duties

• For a series of client UCIS funds, manage company’s activities for the operator services, ensuring that the company fulfils its obligations under its operator agreements and FSMA 2000.

• Communicate effectively the operator’s role over the life of the fund, anticipating the requirements for extension, winding up or variations to the scheme constitution.

• Ensure that the fund business is managed consistently with the scheme documentation.

• Oversee distribution of periodic statements of information to investors.

• Processing of subscription agreements and dealing with transfers of holdings.

• Operate the scheme’s bank accounts as required. Understanding and documentation of the scheme’s bank accounts, signing powers and cash management processes. Approval of payments and monitoring of transactions.

• Approval of calculations and distributions to investors.

• Oversee the preparation of entity accounts where required and auditor liaison

• Ensure tax compliance where required. Coordinate the process of preparation of tax returns and make payments of tax.

• Attendance of meetings and reporting at, or taking of minutes as required.

• Filing of statutory returns for fund entities.

CT client accounting and tax services

Citco London Limited provides a wide range of domiciliation and corporate administration services to UK entities. Working closely with our clients and their advisors, we implement and maintain UK structures to assist them in realising their commercial objectives. Our client range includes multi-national corporations, private wealth individuals and investment funds and we service structures involving corporate bodies, limited partnerships, limited liability partnerships and trusts.

A key part of the service is the preparation of accounts and tax returns for such entities. Working closely with the Trust Officers, Citco shared service centre and external advisors, you will manage the process for the preparation and filing of these documents, ensuring a high quality service.

Duties

• Mapping of all client requirements, deadlines and scheduling of work.

• Coordination of information needs of the shared service centre or external tax advisors.

• Ensure that accounts are compliant with UK GAAP / IFRS, CA 2006, SORPs and constitutional documents and that accounts are presented to the highest professional standards.

• Ensure that client representations are obtained to support accounting assumptions.

• Communication of options available such as small companies regime and audit exemptions.

• Coordination of income/corporation tax returns prepared by external advisors.

• Submission of UK VAT returns for client businesses. Understanding the nature of taxable activity and the basis of information supplied.

• Submission of client returns under the Construction Industry Scheme.

Other responsibilities

• Accurate recording of time spent on daily activities.

• Ensure correct invoicing of services provided and collection of amounts due.

• Maintenance of internal databases. Updating of the Viewpoint database on an accurate and timely basis in line with Citco procedures.

• Technical development of the department. Updating on changes to company law, regulation and accounting standards.

• Standardisation of content and format of accounting reports and other outputs.

• Any other ad hoc tasks related to the department.

Attributes

• A qualified accountant with 3 years PQE.

• Funds experience. Knowledge of the principles of fund management, operations, reporting and risk management within a real estate fund environment.

• Advanced knowledge of UK statutory accounting, including experience with partnerships.

• Strong communication style and analytical mindset.