Job Description
We offer an opportunity you simply won't find anywhere else. In less than four years, Mileway has grown into Europe's leader in last mile logistics real estate, with a 350-plus team across more than twenty offices in ten countries.
We're looking for an entrepreneurial (experienced) Treasury Analyst to join our debt reporting team. Reporting to the Reporting Manager (London), you'll be a key part of the team responsible for quarterly financial covenant calculations, lender management reports and monthly cash waterfalls, as well as internal administration of the loans across various platforms. The creation and administration of these reports requires a great deal of coordination with many stakeholders, including property managers, asset managers, and other corporate teams such as Accounting, Financial Planning and Analysis and the Portfolio Management team. Outside of the reporting obligations, the team is responsible for the coordination of various items related to the loans with the facility agents and Blackstone Capital Markets team.
The Treasury and Capital Markets team looks after Mileway's global liquidity, funding, debt, investments and hedging. We interact with a wide range of internal and external business partners including financial institutions and Mileway's investor, on a range of topics, covering cash management, bank account management, acquisition finance, disposals, debt capital markets and derivatives.
Mileway, a Blackstone portfolio company, is the largest owner of last mile logistics real estate assets in Europe. We have a pan-European footprint, with approximately 1,700 assets across eight major European economies. Core markets of the UK, Germany, the Netherlands, Sweden and France represent over 80% of the portfolio, with a growing presence in other European countries. The business is headquartered in London, and has a dedicated team of over 400 staff, with a local presence in each market. To support its Treasury and Capital Markets team, Mileway is currently hiring a Treasury Analyst - Reporting.
Working at Mileway
We offer an opportunity you simply won't find anywhere else. Only launched in 2019, Mileway has grown into Europe's leader in last mile logistics real estate, with a 450-plus team across more than twenty offices in 11 countries. Mileway set out to be a different kind of real estate company from the beginning, like our cloud-based IT infrastructure and our team's ability to flex across borders, combining the best of local knowledge with the pooled expertise of a pan-European business. While we have already achieved a lot - our international, "can do" team, is only just getting started - we want to reshape our industry for the better. Our mission is to be the most customer and climate focused last mile real estate company in Europe, creating space for businesses to grow sustainably. To get there, we live our values: Drive, Trust, Grow, Together.
At Mileway, we believe company growth comes from supporting the growth of our combined capabilities. This is why we have our own inhouse learning & development programme, where personal, professional and business development go hand in hand - supporting you in your own bespoke career development. While your base will be the London office, we will give you flexibility to work some of the week from home. We'll also equip you with a state-of-the-art technology package that helps you keep in touch, wherever you are.
What you'll do
External/Bank Reporting:
• Prepare quarterly financial covenant calculations and lender management reports for submission to facility agents
• Build efficient monitoring processes to track bank compliance with financial covenants, spot trends and provide scenario analysis.
• Coordination with property managers, asset managers, other corporate teams, external lawyers, and facility agents
• Maintain an overview of monthly and quarterly cash movements and provide monthly instructions to facility agents, ensuring cash accounts are sufficiently topped up for interest payments, and more importantly cash is correctly released after quarterly Interest Payment Dates
• Quarterly interest calculations and reconciliations with the agents' interest notices and internal platforms
• Preparation of monthly interest accruals and provision of monthly reconciliations of principal balances and accruals to the accountants
• Maintaining an overview of each portfolio and allocated loan amounts, tracking repayments through disposals and drawdowns
• Liaison with lawyers, facility agents, BX and various other stakeholders to complete new external financing transactions. Coordinate inflow and outflow of financing funds
• Assist the team in looking for efficiency strategies and developing new processes through our technology team and through more efficient use of our ERP system ('Yardi') and other reporting tools such as Tableau
Internal and Blackstone Reporting:
• Improve and optimize reporting and analytical processes
• Prepare periodic or ad hoc reports required by Blackstone
• Assist the FP&A team in reporting requirements for shareholder updates
• Maintain communication lines between departments ensuring any cross over topics are fully communicated and all are aware
What you'll bring
• University degree in Accounting/Finance (CFA, ACCA, CIMA is an asset)
• Min 2-3 years of work experience in a similar field, experience with real estate finance and bank reporting is a strong plus
• Proficiency with MS Office standard applications and Power BI tools (preferably Tableau),
• Experience with Treasury Management Systems, preferable Integrity (FIS) and ERP systems (Yardi) is a plus
• Ability to comprehend legal financing agreements
• Fluent in English
• Dynamic, positive personality with a can do and hands on attitude and strong desire to learn and develop
• Solution oriented approach/ problem-solving aptitude
• High sense of organization
• Detail orientation with also the ability to see the big picture
• Ability to handle and prioritize a wide variety of situations and challenges
• Ability to work independently but also be an excellent team player
• Curiosity and enthusiasm for business related matters
• Manages stress well and uses it as a positive motivator
• High energy level; exhibits positive attitude and flexibility
• Sense of ownership, accountability and urgency
• Excellent communication skills (written and verbal)
Our vision is to be the number one gateway to urban communities. To get there, we live our values: Drive, Trust, Grow, Together.