Experienced real estate fund management professional with strong retail investment track record sought to join leading investment management platform and assume control of a substantial discretionary Fund
The retail warehouse Fund is a closed-ended Jersey PUT with AUM of >
£600m focused across a number of assets located in England, Wales, Scotland.
This is a strategic fund management role with a retail specialist sector team in place to support day-to-day on the asset management and portfolio management, financial reporting and analysis.
The role also has oversight of the retail park asset management team, with the objective of ensuring a consistent and high-quality approach is delivered to all assets in this sector across the various UK Funds.
Main Duties and Responsibilities
Create, communicate and implement the Fund strategy
Prepare annual business plans for the Trust and the Fund's assets
Prepare quarterly reports to investors and the Board, coordinate and present at Investor briefings and webinars
Review the investment performance of each property and prepare performance outlooks on a regular basis
Implement appropriate capital investment or disinvestment strategies
Promote the Fund to new potential investors and seek to enhance liquidity in the secondary market
Monitor Fund's performance against its Benchmark, adapting strategies as needed
In conjunction with the Product Development team and the Fund Director, evaluate opportunities for growth of the franchise leveraging performance track record and sector expertise applying innovative and strategic thinking.
Manage the asset management team and contribute towards the management of the Fund analyst and Fund finance managers.
Manage Fund's debt and cash holdings in conjunction with Treasury and Finance team, maintaining a close working relationship with lenders
Ensure statutory obligations and regulatory requirements are met through standards of performance, the services provided by the business and external suppliers.
Liaise with external valuers to provide scheme specific updates, cost and market information
Appraise, evaluate and approve the Asset Manager's plans
Share market information within the business to ensure all Client Funds benefit.
Demonstrate a broad economic perspective, with an appreciation of other asset classes.
T echnical Skills & Qualifications Required
RICS qualified or equivalent.
Strong property fund management experience
Proven track record in managing real estate funds, clients and capital
Strong understanding of the retail sector and the retail warehouse market, both occupier and investment
FCA approved person through IMC or equivalent
Numerate, analytical and decisive.
Strong communication and confident negotiation skills
Ability to contribute new ideas
Enthusiastic, proactive and keen to work on own initiative as well as part of a team
Methodical in reporting with the ability to present information clearly in writing and verbally.