THE ROLE ROLE: Portfolio Manager - Real Estate REPORTS TO: Head of Real Estate FUNCTION: Investments Purpose of the role:
SKILLS, KNOWLEDGE AND EXPERIENCE Skills and Knowledge Essential • Strong written and verbal communication and presentation skills • Ability to read, understand and critically analyse all real estate legal documents such as leases, development agreements and sale and purchase contracts • Problem solving and decision-making capability • The ability to collaborate with others to generate investment ideas, refine processes, and share constructive feedback • High levels of integrity and trustworthiness • Effective IT skills required, specifically real estate financial modelling, cashflow analysis and valuation systems Desirable • Experience negotiating legal agreements such as leases, sale and purchase and development contracts. • Other corporate knowledge – health and safety, ICT systems, information management and data protection. Experience Essential • Minimum 5 years PQE real estate experience (investment and asset management, acquisition, disposal, leasing, rent reviews, valuation etc) • Keen interest in, and understanding of, investment markets, long-term investment and commitment to responsible investment and sustainability • Ability to satisfy fitness and propriety test as a Certified Person under the Senior Manager & Certification Regime (SM&CR) and to continue to satisfy test requirements and comply with FCA Conduct Rules Desirable • Interest in different investment strategies, particularly value investment concepts • Open-minded approach to investment strategy • Inquisitive mindset, willing to challenge conventional views Qualifications
TEAM: Real Estate Investment Management SMCR: Certified CERTIFIED FUNCTIONS: Client Dealing
Supporting the Head of Real Estate Investment Management with investing and asset managing the UK Real Estate funds including transition of exiting holdings into the Main Fund. Key Accountabilities: • Responsibility for the analysis and strategic management of fund assets ensuring that income and income growth is maximised through effective asset management within appropriate risk parameters, given the investment objective of the Fund and the long- term risk indicators and guidelines. • Maintain market knowledge of occupational, asset management and investment trends through an established network of contacts. • Maintain market awareness of the best specialists for assets under management such as investment advisors, brokers, valuers, rent review surveyors, leasing agents, legal and planning consultants. • Selecting and appointing appropriate specialists for asset management initiatives. • Create and maintain and oversee preparation of an annual business plan for each asset under management. • At least annually, but as required for asset review, calculate an appropriate cashflow for each asset assessing the net operating income and likely projected capital expenditure requirements. Use the cashflow and appropriate discount rate to establish an appropriate fundamental long-term value for each asset. • Supporting and working alongside appointed investment advisors, asset, transaction manager and external brokers to execute identified asset acquisitions and disposals. • Support the Transaction Specialist with detailed financial modelling for asset underwriting and due diligence as required. • Provide, in liaison with appointed investment advisor, asset manager and managing agents, the Standing Independent Valuer with appropriate asset information and market evidence as necessary to ensure accurate and timely asset valuations. • Preparing necessary investment committee papers supporting investment and asset management actions. • Supporting the Research Manager in developing research based on market experience. Passing on and commenting on external research received. • Ongoing monitoring of portfolio risk, preparing reports for the appropriate investment committee as necessary. • Working with the Operations team to produce appropriate client reporting, covering inter alia returns, risk and ESG factors • Prepare required presentational material for regular and ad hoc Partner Fund meetings and active participation in investment team meetings
• Educated to degree level • Professional Qualification (RICS/CFA/IMC)
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