VP/SVP, GCG Finance

Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

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

Brookfield is a global asset manager focused on real estate, infrastructure, renewable energy & transition, private equity, credit and insurance solutions (the “Business Groups”) with over $1 trillion of assets under management.

The Global Clients Group (“GCG”) provides solutions for investors across the Brookfield Asset Management organization. The GCG also manages institutional relationships and raises capital for Brookfield’s various private funds and client accounts.

The Business Management Team is the team responsible for supporting the process, data, technology, finance, and operational needs of the Global Client Group. The Business Management Team’s key focus areas include: (i) a dedicated technology and process project management center, (ii) a client operations team inclusive of data management, (iii) strategic initiatives team (iv) a finance and business planning team and (v) a global meeting coordinator team. The team will work with all of the functions across GCG as well as key stakeholders within technology and the Business Groups to deliver strategic and tactical solutions.

The focus of this role is the strategic development and oversight of the GCG Finance function and team. This function will coordinate the preparation and presentation of quarterly management materials, budgeting/forecasting of asset raising across GCG, the management of key expenses and vendors, modelling fee/revenue for current and future products, and ensuring transparency across key stakeholders across the Brookfield enterprise. This role specifically is accountable for both the support of the day-to-day functions and longer-term initiatives. The ideal candidate will possess strong finance expertise, excellent communication skills, and a collaborative approach to problem-solving and knowledge sharing.

Key Responsibilities:

• Financial and Management Reporting
• Prepare the quarterly financial and management reporting for the group inclusive of asset raising updates and expenses – e.g. operating and performance metrics
• Provide intra-quarter updates to senior management and the BAM IR and Finance teams
• Manage relationships and related expense with key third party vendors and contracts
• Provide analysis and insight to senior management regarding financial performance inclusive of recommendations for increasing profitability
• Ad hoc requests from respective investment platforms
  
  

• Forecasting and Budget Process
• Develop and manage the annual, five-year, and longer-term asset raising forecast and expense budgets
• Partner with key stakeholders in Finance and investment platforms to ensure alignment and transparency with regard to asset raising expectations
• Substantiate key initiatives and areas of growth within GCG that contribute to expense base
  
  

• Revenue and Fee Modeling
• Analyse the current client base, their product mix and how that contributes to the effective fees
• Partner with the GCG Product development team working on new funds/products to determine the appropriate fee schedules and scenarios
  
  

• Accounting Operations
• Oversee the group’s financial accounts, cost controls, and cost allocation processes
• Oversee accounts payable function, review process, reporting and controls
• Oversee client commitment booking and reconciliation process within Salesforce and other relevant systems (Mercatus)
  
  

• Team Leadership
• Develops employees by recruiting, onboarding, training, and providing feedback across all members of the team
• Foster a culture of transparency, cost consciousness, and continuous improvement
  
  

• Operational Excellence
• Actively participate and lead the roll-out of systems and technology to enhance the team’s effectiveness and improve overall efficiency
• Understand and develop best in class processes relating to finance and operational functions
• Advocate for the client when it relates to financial and operational needs
  

Qualifications Required:

• Bachelor’s degree in finance, accounting or another relevant discipline
• CA designation preferred
  
  

Experience & Competencies Required:

• 10 years of experience in Finance (accounting, reporting, forecasting, tax, treasury, corporate finance, capital markets,);
• Advanced Excel skills including fee modelling and scenario analysis
• Understanding of fund performance calculations
• Investor Relations experience a plus;
• Experience managing a team;
• Ability to work in a dynamic, fast-paced, global environment and to adapt quickly to changing priorities;
• Analytic and strategic thinker with the ability to assess complex situations and make effective recommendations;
• Excellent organizational skills and capability to effectively manage priorities while meeting timelines;
• Proactive self-starter who is able to handle pressure effectively and has experience working with senior management teams;
• Strong interpersonal and communication skills with a particular strength in dealing with a wide variety of individuals at various levels within and outside of the organization;
• Team-oriented; demonstrates a commitment to shared success above any personal accomplishment or recognition.
  
  

Salary Range: $200,000 - $260,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education, and designation

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.