Associate Director - Fund Management - RE - 12 month FTC

  • Trident
  • Dec 18, 2022
Full time Executive

Job Description

Associate Director - Fund Management - Real Estate.OUR CLIENT are one of the world's leading investment brand names with hundreds of billions of pounds in assets under management in active, ethical investing for a variety of investors around the world. They operate worldwide within public and private investments and have instructed us to help them hire an experienced Associate Director - to join their commercial fund management team to work closely with Fund Manager and ensure investment appraisals, reporting and business planning is accurate.

THE ROLE: Working with and reporting to the designated Fund Manager on a £multi-billion, you will require undertake the following:

  • With oversight from the Fund Manager, forming part of the valuation process for the portfolio through liaising with the Investment Management Team (IMT) to ensure independent valuer has all the relevant information, including attending meetings with the valuer on a quarterly basis.
  • Leading on a Readiness for Sale initiative across the UK portfolio, liaising the lawyers, Investment Managers and Property Managers to collate key information.
  • Working with the Fund Manager fulfil the role as the investment liaison with the IMT to ensure a clear knowledge of significant projects, the potential impact on the asset's value, that the investment rationale is clearly articulated to form the basis of a recommendation to the Executive Director or, when required, the Investment Executive.
  • Investment Appraisals - under the guidance of the Executive Director, the Fund Manager and, where appropriate, the Executive Director Business Management (EDBM) collate detailed information on the assets and the market to enable a realistic assessment of the future revenue and expenditure and carry out detailed cash flow appraisals in Excel and/or Argus, modelling relevant scenarios to determine whether an asset should be sold, retained or acquired.
  • Investment Executive - once the strategy has been agreed for any particular asset, drafting the investment executive paper and, on occasion, presenting the recommendation at the Investment Executive or Joint Venture Board meeting.
  • Client Reporting - coordinating the various individuals within the team as necessary to ensure any update report, investment recommendation or board report is accurate. Similarly with the strategic joint ventures ensuring a similar approach with the IMT to ensure all activity is accurately reported and appraised for any board paper or investment recommendation.
  • Transactions - working with the Fund Manager recommend the purchase and sale of investments to the Executive Director.
  • Appropriate Documentation and Transfer to the IMT - nearing the completion of any purchase ensuring there is a comprehensive file of all purchase documentation and due diligence; and ensuring that the relevant Investment Manager is fully briefed on issues and opportunities prior to the client becoming legally contracted.
  • Valuations - in conjunction with the Fund Manager providing appropriate information on and, when necessary, market evidence for the independent quarterly valuation process. Coordinating updates from the finance, asset and development management teams, attend meetings and reviewing valuations highlighting any errors identified and generally assisting them where required in delivering accurate valuations.
  • Bottom Up Understanding and Business Planning - working with the Fund Manager and the IMT ensuring that the underlying assets in both the portfolio and in any joint venture are kept under constant review and, when required, assisting in the production of the asset level business plans to clearly articulate the strategy.
  • Regulatory Responsibilities - adhering to the FCA's Conduct Rules, understanding that they set basic standards of good personal conduct.

THE PERSON: To apply for this role, you MUST be a Qualified Accountant (ACA, ACCA or Equivalent), Property Corporate Finance or Chartered Surveyor with an experience in a real estate investment focussed organisation or business. Understanding of financial appraisals, project management and reporting and business planning duties is the key. You should be able to demonstrate an understanding of how to deliver performance from a real estate investment. You should feel confident using MS office tools including Excel (modelling) as well as other Property/ accounting system such as Argus Enterprise for valuations. You have to be a self-starter able to prioritise work and focus on issues. You should possess strong interpersonal, organisational and communication skills able to present fluently in writing and verbally. If you feel strong about the above duties and requirement, you are a great team player, and enthusiastic about the role, this is opportunity to extend your experience within well established and strong business on the contract basis offering hybrid work model.

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