Role Overview & Mandate
Executive Summary
London, England, United Kingdom COMPANY OVERVIEW KKR & Co. Inc., together with...
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London, England, United Kingdom
COMPANY OVERVIEW
KKR & Co. Inc., together with its subsidiaries, is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group.
About KKR Real Estate
KKR’s Real Estate business’ mandate is to make control or influence investments and transactions across the capital structure. Previously, it pursued real estate opportunities through its private equity strategy. In 2011, KKR made a decision to build a high-quality, dedicated real estate investment team led by Ralph Rosenberg, and as of September 30, 2022, the team consists globally of 165+ dedicated investment and asset management professionals who leverage resources throughout KKR. Access to KKR Private Equity, KKR Credit, KKR Capital Markets, the KKR Global Institute, KKR Global Macro and Asset Allocation, and KKR Public Affairs, provides far greater resources to both develop point-in-time investment themes and to source, analyze and execute real estate transactions. As of September 30, 2022, KKR Real Estate has $64+ billion of AUM globally.
Investment Approach
The KKR Real Estate Private Equity team takes a thematic approach to real estate investing. The private equity strategy is focused on making investments in real estate assets or companies by investing in opportunities that (i) stand to benefit from outsized industry or demographic growth, (ii) present the ability to create value through operational or physical improvements, or, (iii) have sub-optimal capital structures. Given the flexibility of KKR Real Estate’s capital, its investments and transactions can take several forms: (i) Asset Level Recaps and Repositionings, (ii) Distressed Investments, (iii) Platform Build Ups, (iv) Corporate Acquisitions, and, (v) Structured Credit Investments. As a leading global investment firm with significant experience in financial markets, KKR Real Estate has the resources and global network of professional relationships to make it a partner of choice.
POSITION SUMMARY
KKR is seeking Consultant/Manager to join our Real Estate Finance team in London. The London team is part of a wider global team, with team members based in London, the US and Singapore, and working closely with local partners notably in Luxembourg, UK, Germany and France. We are looking for a team member with 3 to 4+ years’ experience and recently (within the last 12-18 months) qualified as a chartered accountant. The role will require a strong aptitude for project management and an entrepreneurial approach to issue spotting and solving.
RESPONSIBILITIES
- Support and engage with KKR European RE Asset Management and Acquisitions/Deal Teams on a daily basis.
- Input into, design and support in implementation of new structures for European Real Estate transactions. This includes involvement in the deal decision making process around transaction perimeters and assumptions.
- Be a member of the transaction team that engages with Big 4 advisors in respect of financial and tax due diligence. Review of tax and financial due diligence reports to identify potential issues to the Deal Team.
- Support in transaction implementation including; capital calls, distributions, reinvestment, exit readiness and input into exit processes.
- Cash and Liquidity management of RE structures.
- Coordination with any cash inflows/outflows for all European Real Estate structures, including liaising with external service providers.
- Support, input and attendance at board meetings as a Finance team member with detailed knowledge of the projects being considered.
- Interaction with local Business Partners on Deals to collect data and feed these into our budgets/forecasts and models.
- On-boarding and coordination of financial reporting from local Business Partners to fund administrators and accountants.
- Supervise, coordinate and review performance of tax and accounting providers for all European Real Estate projects.
- Ensure close cooperation and be a key link between the US Fund Finance Team and the UK based Deal Team for Real Estate Projects.
- Project management in on-boarding new functions (launch of new systems and processes around cash management, REIT testing procedures, audit planning, etc.)
- Participation in ad-hoc projects (e.g. new funds, ad-hoc missions, etc.)
- Internal team support and collaboration (e.g. with legal/compliance teams etc.)
QUALIFICATIONS
- Qualified ACA, CIMA or ACCA (3+ years) with experience in commercial real estate transactions.
- Some exposure/knowledge of audit, accounting and reconciliations.
- Experience in medium-large scale project management with wider awareness around the importance of timely and up to date communication.
- Ability to work autonomously and as part of a team.
- Ability to work on own initiative and demonstrate proactivity in approach to work.
- Ability to work in a fast paced, challenging environment with changing priorities.
- Absolute discretion and professionalism.
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KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
