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Senior Director, Fund Manager, Retail Warehouse Fund

Employer
Macdonald & Company
Location
England, London
Salary
Negotiable
Closing date
1 Oct 2020

Job Details


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.

Technical 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.

Company

Macdonald & Company is the leading professional recruitment consultancy to the property industry and environment.

We have offices in the United Kingdom, Middle East, Asia Pacific and Africa enabling us to offer global reach with local knowledge.

We act for a diverse range of clients, including developers, investors, institutions, property companies, funds, banks and consultancies - indeed any organisation that occupies, owns, develops, finances or advises on property, construction or the environment.

Our high standards, professionalism and confidential service have resulted in us being appointed the RICS Preferred Recruitment Partner.


Our unique mix of property and recruitment professionals ensure we provide the best advice to employees and employers alike, born of a deep understanding of the route to qualification, career development and working in the property world. Our close-knit teams are trained sector specialists, who are active across the entire property and built environment recruitment marketplace.

Our consultants work within the following specialist sectors:

• General Practice, Development, Investment & Finance
• Facilities Management
• Architecture, Design
• Technical/Construction
• Planning & Urban Design
• Marketing
• Residential
• Health & Safety
• Property Funding
• Environmental & Energy• Defence • Finance/Accountancy & Business Support, HR

We specialise in the recruitment of personnel ranging from graduates and freelance/contract staff to partners, executives and chief operating officers.

In keeping with our service promise, we will assign a dedicated senior account manager to provide you with a "one-stop" point of contact and ensure you get the best from Macdonald & Company.

Visit www.macdonaldandcompany.com for more information and to view our current assignments or alternatively contact our Managing Director: Peter Moore

MRICS:pmoore@macdonaldandcompany.com

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