Senior Director, Fund Manager, Retail Warehouse Fund
Macdonald and Company
London
3d ago
source : PropertyWeek4Jobs

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.
  • Competencies Required

  • 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.
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