Assistant Fund Controller (Real Estate)
Fle

Assistant Fund Controller (Real Estate)

Fle
  • Internship (6 months (Start date Jan. 2022))
  • Luxembourg
  • Published on September 8 2021

FLE is an Alternative Investment Fund (AIFM) investing in Real Estate, originally incorporated in 2005 with a current portfolio of 237 assets in Europe set up in 7 countries (France / Germany / Austria / Italy / Hungary / Poland / Czech Republic) amounting to a value of EUR 3.0 Bn (AEM). FLE also invests on the U.S. Real Estate market since 2014. The US portfolio is currently composed of 52 investments for a total value of EUR 353.4 M.


The internship offers you the opportunity to directly assist the Fund Controller in Luxembourg in its daily tasks, take part in different projects entrusted by him and also to liaise with FLE local teams and professionals of the Fund’s sector.


The tasks and responsibilities conferred will give you a great overview and understanding of an Alternative Investment Fund environment (operational & legal aspects) and Real Estate sector. The human sized structure will also allow you to get involved in most of the Fund Controller’s duties, and to contribute in the development of a fast growing structure.


You will act under the supervision of the Luxembourgish Conducting Officer and you will liaise with your colleagues from the financial departments in Paris, Vienna, Milan and New-York.


Functions of fund controlling:

  • Cash-flow forecast and P&L Budget, on stand-alone and on consolidated levels (group level);
  • European financial reporting and all documentation presented to the monthly Financial meeting;
  • Organization of the consolidation process, review of the financial statements, redaction of the management report;
  • Treasury management:

− Cash report
− Liquidity plan (forecast of the cash flows, analysis of the liquidity needs)
− Cash circulation (internal/external cash flow)
− Investments (acquisition & disposal of real estate properties)

  •  Relation with shareholders :
           − Investors presentations (PowerPoint/excel) for which financial calculations / ratios / analysis are required
           − FLE reporting presenting investor individual situation (upon management request : TRI, yield analysis)
           − Investors specific reporting (upon investor request)
           − Shareholder database update (register)
           − Follow up of subscriptions, and documentation related (KYC aspects)
  • The AIFMD regulation requirements related to the risk management (AIF’s risk identification & measurement);
  • The update of financial databases;
  • Oversee tax issues.


Your mission as intern will mainly consist in working on the following:


Monthly Financial reports and related documentation:
Collect and control financial data with local teams
Preparation of the monthly documentation submitted to the management

Cash management:
Payment process: assisting in payments and follow up of invoices related to the Luxembourgish entities
Follow up of forecasted cash flow, reconciliation
Cash investment: follow-up of intercompany financing
Assistance in the management of a European cash management software

Mails reception:
Treatment of incoming mails related to Luxembourgish entities activity
Keeping up to date the electronic permanent folders (administration/legal documentation) and Annual files (bank extract + supporting document as invoices)

Presentation and financial analysis upon request:
To present analysis from the financial department to the management
As supporting documentation for the management mission (Boards, external communication with investors etc.)

Maintenance / improvement of financial data base and models


Profile:

  • Last year of studies
  • Good general Accounting / Financial skills
  • Proficient in Microsoft Excel and comfortable with I.T. environment (knowledge of Yardi is a plus)  Communication, analytical, organizational & accuracy skills
  • Teamwork / proactive / curious / self-sufficient
  • English language mandatory 


CONTACT:

Contact : [email protected]

Tel :   +352 26 44 14 84 29

FLE Société anonyme     41, avenue de la Liberté   -   L-1931 Luxembourg capital social : 1.000.000 EUR