Asset Manager

London

Location

London

Salary

£80-100k (dependent on experience) plus bonus and bens

Job Type

Permanent

Reference

72163

Job Summary

Our client is a Global Real Estate Investment Manager.

They are seeking an Asset Manager for their London team to cover the UK and Continental European portfolio.

Role Responsibilities

The asset management role is a broad one, involved in all parts of an assets life cycle; from forming a key member of deal teams at acquisition, undertaking due diligence and business plan formation, having core responsibility for delivering business plans for a portfolio of UK and mainland Europe based projects and developing and executing exit strategies.
Our client is seeking individuals who have the presence and relationship skills to manage third party asset managers, ensuring their continued focus on delivering strategic business objectives. Successful candidates will be able to combine commercial acumen with numeracy and communicate the interaction of both to a high standard.
Given the value add nature of investments, some construction experience is desirable. The main responsibilities for this role will include:
  • Undertake the implementation, monitoring and delivery of added-value project business plans regarding leasing and capital expenditure programmes either directly or through the oversight, management and monitoring of external partners / asset managers
  • Lead the delivery and assist in the formation of business plans of complex refurbishments and ground up development across UK or Europe
  • Regularly review and re-forecast project business plans in line with internal processes and timescales; prepare formal recommendations to obtain reforecast, or new business plan, or sales approval
  • Play an important role as part of the Deal Team in taking acquisitions to a successful completion and lead, or assist with, sales working with internal and external resources as required. In conjunction with the Deal Team Head and/or senior Asset Management 2 resource, undertake and/or review due diligence matters and execution of the exchange and completion processes
  • Development, co-authorship and verification of project business plans and KPIs as part of the acquisition Deal Team and the forecasting and co-authorship associated with disposal recommendations
  • Oversight of Property management matters (or ensuring external asset managers are complying with their property manager oversight responsibilities), including statutory and health & safety compliance, service charge budgeting / reconciliation, arrears / collection rates and regular / ad-hoc management reporting
  • Undertake quarterly reporting in respect of project portfolio, in line with internal processes and timescales, including presenting project progress to senior members of the real estate team, investment committee members and on occasions to Investors
  • Working with the Finance Team monitor and report on banking facility compliance, investor reporting, management accounting and audit matters
  • Develop and establish market contacts within the property market
  • Coordinate the provision of information to insurance brokers to ensure assets remain insured in line with internal compliance and insurance policy requirements
  • Continually re-assess the operational risk inherent in the business, being aware of the operational risks associated with your role and acting in a manner that takes account of risk considerations
  • Actively develop and train direct reports
  • Represent the business and promote the business’s standing in the investment community in line with its values, ensuring that the business’s best interests and reputation are always protected
  • Act responsibly, with a value-oriented mind-set, in respect of business costs and expenses
  • Ensure that measures identified in any audits are implemented in a timely fashion
Candidate profile

We expect the successful candidate to demonstrate the following attributes:
  • Ideally MRICS qualified with real estate related Masters or Degree 
  • Solid analytical skills and good financial modelling knowledge
  • Extensive commercial real estate experience
  • A high level of commercial awareness
  • Strong communication skills, verbal and written in English; fluency in another European language is desirable (preferably French or German)
  • Ability to work autonomously and as a part of a team
  • Track record of delivery of refurbishments and developments
  • Comfortable working directly or through operating partners
  • Ability to work in a deadline driven environment
  • Detail oriented and thorough
  • Proficient in MS Word, Excel and PowerPoint
  • Experience of managing professional teams and interrogating architect schemes, cost plans etc
  • Experience of negotiating build and procurement contracts
  • Well-connected amongst professional service teams
  • A strong grasp of the drivers of property returns
James Sheppard

London

James Sheppard

Director

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