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Macdonald & Company
,
London, Greater London
Director - Asset Management - PERE
Overview
We're looking for a candidate to fill this position in an exciting company. The Asset Manager will develop highly detailed business and strategic operating plans for the firms European assets at both a financial and physical level. Assist Acquisitions team with underwriting and due diligence. Assume responsibility for the execution of individual asset level and venture level business plans including monitoring performance against budgets, income and cost control, project timetables and exit strategies. Prepare internal quarterly valuation reports, and develop and maintain financial projection models in Excel. Financially appraise and monitor all capital expenditure programs with tenant retention, competitive positioning, marketing and asset re-positioning as a top priority. Develop and establish high-quality commercial relationships with the firms direct tenants, joint venture partners, external service providers and professional teams. Where appropriate, directly negotiate leases, rent reviews and lease re-gears to enhance commercial value and landlord and tenant relations. Ensure that all other stakeholders, including any banking partners, are effectively and professionally communicated with and managed. Select, instruct and manage all third-party service providers, to ensure consistency in approach, leveraging specialist skills and achieving efficiency cost savings. Where appropriate, institute monthly, quarterly and annual reporting requirements for all external advisors to ensure full transparency and accountability by all related counterparties. Take ownership of asset management reports to investors and present asset management performance reviews on a regular basis with the team and, from time-to-time, the fund's investors. Strong academic background; Bachelor's degree in real estate, engineering, architecture, business, economics, finance or similar subject. At least 8-12 years of real estate experience; previous asset management and development experience required. Demonstrable hands-on asset management experience across Europe, Relevant asset management experience within a real estate private equity fund, real estate investment manager or real estate asset manager Track record of undertaking repositioning, redevelopment and refurbishment of assets and portfolios The Asset Manager will need to demonstrate hands-on asset management experience across direct real estate and operating partners, ideally with value-add and income producing assets across Europe Asset managed and/ or developed a wide range of property types. Ability to multi-task and work in a fast-paced, global and collaborative team environment. Ambitious, energetic, team player, well-organized, with strong inter-personal skills. A 'can do' self-starter with good administrative or project management skills and very high attention to detail. Ability to handle large volume of work; good organizational skills and ability to prioritize work and meet deadlines. Strong communication skills, verbal and written in English; fluency in another European language is desirable (preferably German, Spanish, Italian, Dutch)