Job Description
Job Title Revision date Grade Directorate
Investment Portfolio Lead November 2020 12 Borough Development Property and Assets Head of Property and Assets
Business Unit /Section Business Unit /Section
Responsible for total number of direct reports Responsible for total number of staff managed
3 8
Main purpose of job
1. To be the lead officer responsible for the management and development of the council’s commercial investment portfolio having a capital value in excess of £250m and generating c. £17m per annum in rental income. 2. To lead on the implementation of the Property Investment Strategy including production and delivery of an annual business plan and regular monitoring reports and play a key role in advising the Property Investment Panel.
Main responsibilities
1. To be the lead expert principal advisor in the functional area to the Head of Property and Assets, SLT, members and the council on property investment matters and to provide leadership to the property investment team. 2. To lead on the delivery of the Councils Property Investment Strategy which will include acquisition of new investment properties, sales of underperforming assets, enhanced asset management of the portfolio and a pro-active approach to day to day property management (including in respect of basing view assets and the Malls shopping centre). Ensuring that property review and rationalisation is undertaken efficiently and effectively and resulting in in the achievement of a stable long-term source of income from a balanced property investment portfolio and the achievement of required rental income growth. 3. To manage and lead the council’s investment team promoting strong leadership by demonstrating and championing the behaviours in the council’s leadership and management competency framework. 4. Lead on the timely delivery of the annual asset valuation programme in accordance with relevant guidance and regulation and the production of ad hoc valuations as required, commissioning external valuers as required. 5. Provide strategic professional and technical advice to cross council groups, Basing View projects and the council’s Invest to Grow fund on the investment portfolio and strategy ensuring the council complies with all relevant legislation and codes of practice. 6. To be responsible for the setting, monitoring and management of service area revenue and rent account budgets including in respect of service charge accounts and in accordance with RICS guidance and best practise. 7
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