About the Company

Savills Investment Management (“Savills IM”) is a global independent investment management business of the Savills group, with a 30-year track record and over EUR26.9 bn of assets under management. It has grown to operate across 17 offices, encompassing nearly 360 employees.

Savills IM is in a rapid growth phase, expanding its global presence as well as the products and services offered, that post acquisition of a relevant shareholding in DRC SIM now encompasses both Equity and Private debt funds. An expanded product range investing in a larger number of countries and property types, a greater number of investment professionals and a desire to continue developing innovative products means that there should be suitable focus on investment process and performance.

Job Purpose

• Responsible for the financial reporting and operational finance procedures of the 4 Germany entities including 2 regulated AIFM KVGs, through management of an external outsourced accounting provider
• To provide accurate and timely IFRS and German HGB reporting for those entities including management reporting, regulatory reporting, statutory filings and other ad-hoc information
• Responsible for local HGB conversion to IFRS
• To manage the annual budgeting process, track the quarterly forecasting projections and maintain monthly country P&L reporting to the Head of Country and other budget holders
• To assist the Head of Group Finance and Head of Country on any ad hoc projects and take responsibility for specific projects as and when necessary
• To improve the quality of reporting from the local subsidiaries and enhance the overall quality of the local accounting processes
• To assist in all other aspects of the Group Finance function where applicable
• Contact person for management, tax advisors and external auditors

 Role Responsibilities

Responsibilities and tasks include, but are not limited to:

• Management Reporting
• Full ownership of the day-to-day financial operations and IFRS reporting of the German entities
• Review and challenge monthly management accounts as prepared by the outsourcers for all entities, including profit and loss accounts, balance sheet, variance analysis and commentaries
• Prepare and present IFRS monthly management reporting packs to the European Financial Controller and other key stakeholders
• Assist with the European consolidation reporting on a monthly, quarterly, and annual basis
• Liaise with other Group Finance teams across the group to ensure all inter-company transactions are recorded correctly at all times
• Interpret and communicate financial data to non-financial managers across the business
• Prepare entity cash flow forecasts monthly

Budgeting and Forecasting

• Coordinate the annual budgeting and quarterly forecasting process working with senior management, Head of Countries and presenting to the European Financial Controller
• Prepare detailed variance analysis and reporting for current forecasts vs. prior forecasts

Financial and Regulatory Reporting and Compliance

• Ensure all regulatory requirements are met for the respective entities, specifically with regard to BaFin and AIFM regulatory reporting
• Ensure all statutory requirements are filed in a timely and accurate manner
• Ensure compliance with Group IFRS reporting
• Coordinate all local annual and interim financial audits

Tax Compliance

• Responsible for ensuring all entity tax filings are complete in an accurate and timely manner
• Liaise regularly with the Senior Tax Manager on all local tax matters

Other Tasks

• Assess efficiency of existing outsourcers and undertake project to consolidate outsourcers where possible
• Ensure consistency across the group in all financial matters and adhere to Savills Group policy
• Lead ad-hoc projects working to tight deadlines under pressure
• Assist the European Financial Controller on any other ad-hoc projects

 Person Specification 

• Significant accounting experience, preferably in industry, audit or consulting as well as strong higher education results
• Graduated from higher vocational training (Bachelor) or university (Master) specializing in finance, such as business economics or accountancy, preferred ACCA/CIMA/IDW or equivalent
• Proficient in MS-Office and common ERP-systems such as Hyperion, SAP etc.
• Working knowledge of IFRS and German HGB
• Knowledge of the German regulatory framework (BaFin) preferable
• Effective communication and interpersonal skills
• Language skills - fluent in written and spoken English and German
• Positive can-do attitude
• Ability to work independently on specific projects, pick things up quickly and use initiative
• Time management skills – ability to work to deadlines under pressure
• Will involve limited travel to other European offices (circa 4 trips per year)
  
  
  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.