Location
Mumbai - 10th Floor, Ventura, Hiranandani Gardens, PowaiBusiness - Real Estate
Brookfield Real Estate Group is one of Brookfield’s primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world’s most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate.
Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description
Director, Finance - Real Estate
Location: Mumbai
Business Summary
Brookfield Asset Management is a leading global alternative asset manager with over US$1 trillion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management Ltd. (BAM) is a public company listed on the New York (NYSE: BAM) and Toronto (TSX: BAM) stock exchanges. Brookfield Corporation is a public company listed on the New York (NYSE: BN) and Toronto (TSX: BN) stock exchanges.
Brookfield Property Group, (BPG) is Brookfield’s most significant investment platform, made up of sector-specific operating platforms in the office, retail, multi-family, industrial and hotel asset classes. With approximately $272 billion of property assets under management, BPG is one of the world’s largest and most sophisticated owners, operators and investors in real estate.
For more information, visit: https://www.brookfield.com/our-businesses/real-estate
Position Summary
Reporting to the Managing Director of Brookfield Real Estate Private Funds in New York, the Director will be responsible for overseeing and managing aspects of Financial Reporting and Operations of the BPG Private Fund functions that are performed in India, and will be based in Mumbai, India. This is a highly visible leadership role that interacts with many other departments, including treasury, investments team, legal, tax, IR, and finance teams in other parts of the world as well as our external Fund Administrators. The successful candidate will be a demonstrated leader and a self-starter that enjoys working in a fast-paced environment, has excellent interpersonal skills, is detail oriented, possesses a high degree of intellectual curiosity and has a strong foundation in finance and accounting.
Responsibilities include:
Team Management
· Key contributor for the build out and ongoing hiring of the finance and operations team in Mumbai, India
· Train, mentor and motivate the growing team of finance professionals
· Review work of team members and provide feedback for improvement
· Monitor and analyze team performance in order to achieve performance targets
Reporting – Fund reporting
· Review financial statements and investor reporting prepared in accordance with US GAAP – Investment Company Accounting and IFRS
· Contributor for the external audit and tax reporting process with big 4 firms
· Review work products including Partners’ Capital Statements (“PCAPS”), ILPA Reporting and Notices, Luxembourg reporting requirements, Co-Investment and feeder financial statements, expense allocations, and more
Financial Operations
· Key reviewer of investor capital calls and distributions
· Review various financial information and analytics to ensure accuracy of reporting as well as optimal performance
Financial, Planning & Analysis
· Review regular forecasting/re-forecasting and related analytics
· Monitor liquidity and assess capital needs for the business
Assist with value-add initiatives
· Identify areas for process improvement and enhancement; design and implement automation improvement
· Assist with system enhancements with focus on making scalable for future growth and increase efficiency, including acting as the key finance liaison and training staff and third party accounting teams
· Manage special projects, as required
Qualifications & Requirements
Must Have:
· Recognized professional accounting designation (CA)
· University degree in Business or Finance
· Minimum of 12+ years of progressive work experience with a mix of public accounting and industry experience; experience in real estate and/or private funds is considered an asset
· Knowledge of IFRS and US GAAP – Investment Company Accounting in relation to private fund investments
· Strong financial systems experience, including advanced Excel and PowerPoint skills
· Highly analytical with great attention to detail
· Demonstrated leadership ability, a team player with positive attitude and pro-active approach to work
· Experience managing staff through large projects and tight timelines
· Experience with FIS Investran
· Private Investment Funds experience
· Excellent communication skills, can work effectively with all levels and departments within a complex organization
· Can work in a dynamic, complex, fast-paced environment, adapt quickly to manage changing priorities and deadlines
· Strategic thinker that can think outside the box, focused on efficiency and improving existing processes
· Self-motivated and pro-active, with respect to both managing workload and professional development
Nice to Have:
· Experience in the following would be advantageous
· US GAAP Investment Company accounting
· Complex legal structures
· Workiva, Anaplan, FIS DX
Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.