PERE Associate role – Residential Asset Management


The Role

PERE Associate – Residential Asset Management

Superb opportunity to join a collaborative and entrepreneurial Real Estate Private Equity fund. Role primarily focused on residential asset management in the UK, working with in-house residential operating business. Fund backed by a broad range of institutional investors from the US, the UK and Europe.

Role particulars:

As an Associate you will be assisting in executing and managing the firm’s investments within the residential sector across the United Kingdom. The Associate will be working daily with senior members of the business and will have key responsibility for defining, executing and reporting on asset-level business plans across our residential investments. The Associate will be one of the key points of contact with their affiliated residential management and leasing company, and will assist in managing their relationship with the company. The Associate will also assist in the underwriting of new investment opportunities, including contributing to financial modelling assumptions, reviewing, and leading production of local market research, assessing the potential transaction risks, and assisting in the preparation of Investment Committee presentations.

Responsibilities may include but are not limited to:

  • Leading the asset management of a UK multifamily portfolio of approximately 1,500 beds and growing
  • Overseeing the execution of asset-level business plans, ensuring they are implemented according to the original underwriting and the respective requirements and restrictions
  • Preparing and assisting in updating, maintaining and reviewing a wide variety of financial models, cash flows, development and operating budgets, primarily in Excel
  • Preparing and co-ordinating financial reporting, bank covenant analysis and investor information requirements
  • Assisting in the determination of the financial viability of refurbishment projects as well as coordinating reporting of refurbishment works progress
  • Onboarding of new acquisitions into the existing investment portfolios
  • Leading the preparation of asset-level budgets in line with investment underwriting and portfolio-level budgets
  • Analysing actual performance against budget and performance versus market indicators and macro environment
  • Contributing to presentations and strategic analysis prepared for investors
  • Monitoring project and fund compliance with regulatory requirements
  • Preparing and reviewing timely asset management reports
  • Preparing regular investment reports and risk assessments of investments
  • Executing corrective measures when early warning signs exist on asset performance issues
  • Conducting local market data compilations and supporting the due diligence for residential sector specific real estate acquisitions and developments
  • Contributing information for investment presentations, memos, reports and other materials for internal and external communication
  • Responding to internal information requests

Minimum requirements include:

  • Bachelor's degree from an accredited institution required; Master's degree in business, finance or real estate investment preferred
  • Five or more years of work experience in real estate investment/real estate asset management/real estate finance/real estate private equity; hotel and student housing sector experience considered
  • Advanced knowledge of Microsoft Office particularly Excel, PowerPoint and Word. Knowledge of Yardi is a plus
  • Deep understanding of the conceptual framework of real estate investment and development, and the fundamentals of the residential sector
  • Positive attitude and team spirit embracing collaboration. Excellent interpersonal, communication, listening and organizational skills
  • Highly numerate with strong financial and analytical skills and strong familiarity with financial models and accounting statements
  • Accurate under time pressure and exceptional attention to and care for detail in all work
  • Ability to handle multiple tasks and to meet deadlines
  • Knowledge of secondary UK markets and ability to travel when required
  • Pro-active, self-motivated and adept at using own initiative
  • Confident fluency in written and spoken English

Reference: 438 | Date Posted: 10th March 2020 | Status: Active

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