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Real Estate VP - Asset Management
Michael Page
2024-11-18 12:34:24
London City, Greater London, United Kingdom
Job type: fulltime
Job industry: Real Estate & Property
Job description
Real Estate VP of Asset Management to join growing Pan Euro Real Estate investment fund. The successful candidate will be instrumental in the oversight and day-to-day management of complex assets, trading entities and restructuring procedures.
Client Details
Our client is a well-established, Top 100 Pan European Private Equity Fund with offices in London and across key locations in Europe. Specialising in opportunistic acquisitions in Real Estate, Infra and other heavily asset-backed sectors, they have an extensive track record and a diverse, growing portfolio.
Description
- Oversee day-to-day management of complex assets across the fund including trading entities / operational RE businesses and restructuring processes.
- Ensure a good understanding of all of the company's policies, procedures and compliance guidelines, installing the principles in your daily practice to protect the company from any associated risks
- Support the review of and reporting on performance of businesses
- Review and compare budgets to financial reporting. Identify discrepancies in budgets, reports and ongoing projects, recommend appropriate remedies for these discrepancies and where necessary, challenge borrowers and third parties
- Support the wider Asset Management team on DD performance, legal documentation (amendments / re-statements / refinancing), and overall loan administration
- Interface and help to manage relationships with borrowers
- Preparation of recommendations for asset protection / enhancement strategies
- Monitor cash and loan reconciliation reports and support the AM team with resolution and escalation.
- Monitor and enforce conditions and covenants
- Support the weekly and monthly internal reporting and internal control processes
- Analyse monthly reports from borrowers, feeding into central reporting for the fund to support Quarterly investor communications.
- Liaise with all 3rd parties: lawyers, valuers, agents and advisors.
- Assist with producing reports and corresponding recommendations for the Investment Committee
- Understand and support the enforcement of security
- Visit borrowers and respective assets across the UK & Ireland, and if required in other Western European jurisdictions.
Profile
The successful VP Real Estate Asset Manager should have:
- Real Estate, Built Environment, Real Estate Finance, Economics (or similar) Degree from notable University
- Significant experience as PE Asset Manager at Associate / Senior Associate level or above.
- Demonstrable track record managing complex assets, trading entities and restructuring.
- Solid investment knowledge and understanding of Real Estate (Living sectors / Alternatives / Commercial RE and RE companies), Infrastructure and asset backed businesses.
- Detail-driven and results oriented mindset, persistent, highly organised with ability to manage multiple work-streams at any one time.
- Strong initiative; able to exercise sound judgement with confidence in convictions.
- Able to work as part of a team but also function as self-sufficient, taking ownership of issues and queries and coordinating efforts to achieve successful resolution
- Ability to operate in a fast-paced work environment
- Consistently demonstrate clear and concise written and verbal communication skills
- Strong business planning, negotiation and analysis skills (understand investment models and the drivers influencing returns)
- Strong excel and writing skills
Job Offer
Competitive Fixed comp + bonus + benefits
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