Financial Controller - Infrastructure Debt (Loan Asset Management)
22 Bishopsgate, London - Hybrid
Permanent
At AXA IM, our purpose to act for human progress by investing for what matters is central to every action we take as a business. As a responsible asset manager, we actively invest for the long-term to help our clients, our people, and the world to prosper.
As a future Financial Controller, you will report to the Head of FMCG Private Debt and be part of AXA IM Alts.
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with approximately ₠830bn in assets under management as of the end of September 2020. The team is a market leader in Commercial Real Estate debt with more than $24bn AUMs in Europe and the US and a 15-year track record. We are looking for a dynamic, rigorous, motivated team player to join our expanding fund management and controlling team. The candidate should have previous experience in real estate debt, such as in a real estate loan servicer or in a loan portfolio or asset management team within a bank or a real estate debt fund.
The role will focus on the Loan Asset Management of loans in Europe across different real estate asset classes, geographies, and risk profiles (core to value add / development financings).
The candidate will follow the loans from closing through their entire life, including restructurings, refinancings, extensions, etc.
He/She will be part of a team of more than 10 professionals interacting with the Fund Management team and other internal teams (client relationships and risk teams) and third parties (banks, borrowers, facility agents, legal advisors, etc.).
The successful candidate will be required to adapt as the FMCG function evolves and to assist in the role-out of an ongoing systems/controls/processes upgrade in line with the growth of the platform.
Loan Asset Management
You will monitor the performance and the evolution of the Infrastructure Debt investments from origination until their repayment. The main tasks include: following up interest payments, utilization requests and repayments, handling consents, modifications, and waivers from our borrowers in coordination with the Fund management team, review of the loans' performance through tracking of key financial covenants (LTV, LTC, DSCR, Debt Yield), review of asset valuations, update of cash flows and tenancy schedules, and monitoring of operational aspects of the assets being financed (such as capex programmes, ESG metrics).
Main responsibilities include:
1. Deal Execution and Asset Management:
o Provide deal support, including financial analysis and execution of deal cashflows, create tailored cash-flows/valuation models to simulate various scenarios;
o Monitor cash and manage cash distribution process;
o Review capital call and distribution notices and cash allocation schedules;
o Review property level reporting, budget, tenancy schedules, etc. from property managers and asset managers;
o Liaise with the deal team to ensure agreement of fundings/distributions;
o Closings: guidelines check, validation of deal allocation, KYC preparation, ensuring payments/investments are properly processed and received;
o IPD Calculation, Covenant & Waiver analysis;
o Review loan documentation including but not limited to drawdown, amortization, repayments, and fees.
2. Portfolio Management:
o Contribute to the valuation process, calculation of gross to net adjustments, and preparation of valuation committee and Loan Reviews materials;
o Support investment decision process by maintaining fund models, providing scenario/sensitivity analysis, key property and financial metrics, and Infra Debt KPIs;
o Support investment decision process with qualitative and quantitative fund data;
o Investor/Client reporting and ad-hoc reports upon request;
o Manage and keep the IT tools updated to properly reflect portfolio composition and ensure proper reconciliation with service providers, liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data.
Your qualifications and experience:
* Business schools, engineering schools, or universities.
* Previous experiences in a financial institution will be appreciated (banks' loan portfolio management teams, asset management companies, or loan service providers).
* Proven financial, analytical, and organizational skills.
* English (high proficiency required).
* Appetite for/knowledge of Loan documentation.
* Appetite for/knowledge of the Real Estate Debt sector.
* Team player, multi-tasking, rigorousness, desire and flexibility to learn and grow in a fast-paced environment, and capacity for synthesizing and prioritizing.
* Advanced skills in Excel/VBA. Knowledge of Simcorp Dimension and/or Real Insight is a plus but not a must-have.
We would love to know more about you. Let's connect! Send us your resume.
AXA IM is an Equal Opportunity Employer, and we encourage candidates with disabilities or any other protected characteristic to apply. We are committed to providing reasonable accommodation to qualified applicants and employees with disabilities when needed, to apply for a position or to perform essential job functions. #J-18808-Ljbffr