At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Job Summary
To take ownership of all project cost accounting financial operations and reporting of Barings’ development portfolio in accordance with the strategic group and divisional objectives including:
- Accountable for the financial integrity of the residential portfolio projects.
- Strategic partnering with the Development Manager(s) and other key stakeholders to deliver accurate information/reports that support operational decision-making at a development project level.
- Regularly engaging with Finance teams to ensure project-level information meets requirements.
Primary Responsibilities
Project Cost Accounting
- Accountable for managing all aspects of project feasibilities including, project financial performance, and capital partnering arrangements.
- Reconciliation of project forecast to general ledger actuals and ensure completeness of data within project feasibilities.
- Maintenance of job cost master data (e.g. cash flow markers and cost codes) and ensure job codes are opened and closed in a timely manner.
- Accountable for job cost journal entries, recording direct costs, the allocation of overheads to jobs, and integrity of costs by stage.
- Manage treatment of interest based on project structure.
- Monthly review of inventory balances,)cash flows, interest, common cost allocations to ensure actual results are in line with the feasibility, accounting treatment and financial forecasts.
- Ongoing review, maintenance and responsibility for financial and operational data captured in project cost management systems and project reporting.
- Contribute to continuous process and reporting improvements within forecasting and business intelligence systems.
- Identify opportunities and support the automation of Project Accounting processes.
Reporting and Analysis
- Perform project level budgeting and forecasting for developments, including modelling of feasibilities into Procore/Excel model (including accounting adjustments and actuals true-ups)
- Review project budget and forecast assumptions.
- Prepare project new business and scenario analysis and conduct ad hoc scenario modelling and analysis where required for other projects.
- Prepare project financial performance reports (monthly, quarterly, half yearly), validate the numbers and write insightful commentary to explain performance. This includes reporting on project financial KPIs and at portfolio level.
- Project cash flow reporting and project-level WIP reporting. Preparation of financial tables/reporting for monthly PCG reports.
Business Partnering and Engagement
- Regularly engage with relevant development managers to communicate project performance, seek required inputs and understand project-level risks and opportunities.
- Attendance at monthly project review meetings and contributing financial analysis as required.
- Regularly engage with divisional/group finance teams to ensure project-level information meets requirements.
- Work closely to support the respective development teams working on the project.
Qualifications
- Qualified CPA/CA or CFA equivalent.
- Solid accounting experience within property/accounting.
- Experience with management of residential development feasibilities.
- Demonstrated experience in Property – new business structuring, accounting for business combinations delivery of projects and JV/Third party.
- High level communication (written and verbal) and stakeholder management skills.
- Well-developed analytical and problem-solving skills.
- Excellent attention to detail.
- Strong financial background and previous experience in similar role.
- High level computer literacy with exceptional organisational, project management and reporting skills.
- Ability to interact and engage at all levels within the business.
- Passion, a can-do attitude, and ability to work to deadlines.
- Demonstrate a flexible approach to work.
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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
