Job Description

:

PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.2 trillion in assets under management, and 47 offices spanning 18 countries, PGIM is among the world\xe2\x80\x99s largest asset managers. Comprised of six self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm\xe2\x80\x99s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

As one of the largest real estate managers in the world, PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. We engage in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. As a member of our team, your ideas and collaboration will spark meaningful impact for our investors, borrowers, and your colleagues. We welcome your insight and will focus on growing your skills within our world-class organization.

About the role \xe2\x80\x93 Principal Responsibilities

The Position

The Fund Controller manages the entire financial reporting, cash management and tax compliance processes of their respective Real Estate Fund(s) including the strategic and operative management of external service providers. This is a team management role where the Fund Controller will have oversight of the Assistant Fund Controller(s). The Fund Controller is the key finance contact for the Portfolio Management team and will work with a multitude of stakeholders across the various teams. Sound technical, commercial and management skills are required.

Responsibilities

The Fund Controller monitors, advises and controls the external service provider(s) in compliance with PGIM RE\xe2\x80\x99s vendor governance program. The Fund Controller is also the key person for the coordination of fund administration, financial audits and tax compliance. While the preparation of the following outputs is outsourced to a great extent, the Fund Controller retains full responsibility for accurate and timely completion.

Financial & Regulatory Reporting

Timely and accurate production of quarterly and annual Fund Financial Statements under IFRS (consolidated FS) for pan-Asian open-ended / closed-ended fund structures or segregated mandate structures

Review and approve IFRS / Local (statutory) GAAP financials within the fund structure, cash reports, distribution forecasts, variance reports, budgets, etc. (Financial Controlling)

Management of the financial reporting processes with the fund administrators/external accounting service providers who are producing the IFRS / Local GAAP management accounts and quarterly Financial Statements for SPVs and Funds

Calculation of fund level returns, trading NAV, INREV NAV & TER, unit/share prices and management fees

Co-ordination and preparation of financial audits

Internal reporting (e.g., related to fund financials), regulatory reporting, financial reporting to be delivered based on investor side letter arrangements

Financial loan covenant calculation and reporting

Establish, update and monitor the financial reporting timetable for the fund mandate(s)

Track and monitor upcoming IFRS/other GAAP changes relevant to the industry and to the Financial Statements, such that these are appropriately planned for. This includes providing reasonable arguments for the implementation/interpretation of reporting standards.

Tax Compliance/Tax Structuring

Monitor and manage tax filings / tax compliance for income/corporate tax, withholding tax, capital gains tax, value add tax and FATCA/CRS

Possess a good understanding of the fund tax structure

Analyse relevant tax law change impacts on the fund structure together with the fund tax advisor

Assurance of sufficient transfer pricing documentation and fulfilment of substance requirements

Deal/Fund tax structuring support for Portfolio Management / Transactions

Regular attendance of tax update seminars

Fund & SPV Cash Management

Cash management across the entire fund structure including regular capitalization and liquidity forecasts in compliance with the fund specific cash management strategy defined by Portfolio Management

Processing capital calls, distributions, redemptions

Review and approve payment instructions based on the relevant Delegation of Authority matrix

Maintenance of bank accounts and online banking solutions and keeping an actual bank account inventory

Fund & Corporate Governance

Establishment of SPV entities based on deal/fund structuring advice

Good understanding of the requirements to hold regular board & shareholder meetings in the jurisdictions where the fund(s) has SPV entities

Preparation of sufficient and relevant information input for board meetings

Oversight and tracking of the board & shareholder meeting frequency for all SPV entities

Maintain an actual register of directors/authorized representatives for all SPV entities

Active management of the SPV/Fund liquidation process

Transaction Support

Support for Portfolio Management & Transaction Management in acquisitions and dispositions as member of the inter-functional deal team, especially with regards to operational aspects, deal structure setup and tax matters

Review Financial/Tax due diligence reports

Calculation of Proforma NAVs and Purchase Price Considerations based on deal transaction documents

Other tasks

Respond to ad hoc enquiries from internal and external stakeholders including investors

Coordination with the Luxembourg and/or U.S. based team in their capacity/responsibility as AIFM

Continuous improvement and development of efficient and effective controls & processes for the administration of the fund(s)

Skills and Qualifications

Qualified Accountant or similar relevant qualification

A minimum of 10 years of relevant work experience within the asset management industry for Real Estate or accounting / audit firms.

Strong expertise and knowledge of IFRS accounting, consolidation & controlling

Knowledge in US-GAAP and other local GAAPs would be ideal

Knowledge of local corporate taxation requirements / understanding of income/corporate tax/VAT computation technics

Knowledge of Luxembourg based fund structure would be ideal but not a must have

Experience in working with 3rd party service providers like fund administrators, auditors, tax advisors

Good Excel skills and competence with other Microsoft Office applications

Proactive hands-on mentality / can-do attitude

Ability to multi-task and handle multi projects/deadlines

Experience in working in an international and intercultural environment

Good interpersonal skills, team player, capability to interface professionally with various internal and external stakeholders, team leadership skills

Clear and strong in communication (English Skill: excellent written and spoken), additional language knowledge preferable

Our Culture:

Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don\xe2\x80\x99t just accept difference\xe2\x80\x94we celebrate it, support it, and thrive on it. At Prudential employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to utilize the internal \xe2\x80\x9cSkills Accelerator\xe2\x80\x9d to hone their skills and explore the opportunities available to them within Prudential. -

For more than 140 years, Prudential Financial Inc. has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world\'s largest financial services institutions with operations in the United States, Asia and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock \xc2\xae, an icon of strength, stability, expertise, and innovation. For more information, visit .

Prudential International Insurance (PII) continues to be one of Prudential\'s fastest growing and most profitable business groups. PII has operations in countries around the world.

Prudential Financial