Assistant Group Finance Manager

About the Company:

Our purpose is to build prosperity by investing in resilient real assets. Our vision is to be a trusted investment manager, respected for our expertise in restorative real estate investment enabling people, communities and eco-systems to thrive.

We are a dedicated real estate and real-estate debt specialist managing €25.5bn on behalf of institutional investors globally. Our global platform of 16 locations enables us to combine a truly global perspective with local expertise to offer investors a range of compelling strategies.

The firm has over 30 years of experience delivering real estate strategies for investors, with over 400 staff dedicated to positive client outcomes. Our strategies span the office, logistics & industrial, retail, living and debt sectors, and have been designed with the flexibility to meet the needs of a wide range of investors.

Responsible investment is integrated into our investment-management process to ensure that responsible investment risks and opportunities are not siloed, but recognised and acted upon throughout our business, as well as communicated to investors.

Savills Investment Management: Resilience. Responsibility. Results.

RoleResponsibilities:

The candidate will collaborate with and support both the local and global group finance teams, reporting to the local Chief Operating Officer and with a dotted reporting line to the European Group Financial Controller. This role will initially have no direct reports, but will be integrated in a wider global team.

Responsibilities and tasks include, but are not limited to:

Statutory Financial Reporting

• Review standalone accounts (ledger / sub-ledger accounts)
• Reviewing specific financial balance reconciliations
• Prepare Financial Statements in accordance with IFRS
• Prepare working papers for the auditors and other controlling functions
• Provide supporting information to the accounting outsourcer
• Support the VAT compensation process and reconciliation of the monthly VAT settlement
• Assist with tax compliance tasks
• Monitor administrative outsourcer delivery and service

Invoicing

• Prepare active cycle invoices and supporting revenue calculations to funds and clients in accordance with contracts and fund rules

• Monitor arrears and escalate when needed

Management Reporting

• Prepare accruals / provisions
• Prepare standalone accounts (ledger / sub-ledger accounts)
• Reviewing Intercompany balances and reconcile with group
• Collaborate to transfer pricing modelling / audit trail / invoicing
• Prepare monthly reporting package and assist with reclassification/reconciliation with statutory where needed

Budgeting & Forecasting

• Support preparation of company budgeting and forecasting
• Prepare detailed variance analysis (gap analysis)

Other tasks

• Prepare and maintain company cash flow and cash monitoring
• Monitor stamp duty obligation
• Check and coordinate investors tax documentation for dividend purposes
• Undertake other ad hoc tasks or projects from time to time

Job Requirements:

• 2-3 years experience in a similar role, preferably in the real estate industry or auditing company
• Proficiency in both Italian and English is mandatory
• Relevant degree in Accounting or Finance (Bachelor or Master degree)
• A professional qualification in accounting considered a distinct advantage
• Computer literacy, word processing and spread sheet skills are essential (MS Office)
• Knowledge of IFRS and Italian GAAP
• Knowledge of local corporate and taxation requirements

• Knowledge of accounting principles and regulations issued by Bank of Italy for Italian real estate funds considered a plus.

Global Standards:

• To comply with all regulatory requirements and laws as applicable to your role
• To comply with the Firm’s policies and procedures pertaining to your role and the jurisdiction in which you operate
• To abide by any local regulatory requirements
• ESG – considering environmental, social and governmental factors which are relevant to your role.
• D&I – consider diversity and inclusion elements across all provisions of your role.

We are a committed equal opportunities employer and welcome applications from all individuals, regardless of age, disability, gender, sexual orientation, race and religion. We are focused on fostering a culture and environment that allows for inclusion and diversity throughout our business. Savills IM offers several employee led forums which provide support and guidance around Diversity & Inclusion, as well as ensuring our principles are built in to all of our processes, practices and expectations.