Fund Manager - Real Estate Investment

Work Initiatives; Melbourne; On-site; AUD 180,000 - 320,000; Full time

Job summary

Work Initiatives in Melbourne seeks a Fund Manager to lead day-to-day management of its flagship real estate fund and to drive portfolio construction, capital management and investor reporting. This newly created role is designed to scale the platform as more funds and vehicles are added.

You will shape systems, processes and reporting to enable future growth, with a clear path to owning funds management across the platform.

Qualifications

• At least seven years’ experience in real estate funds management, property investment or institutional capital markets.
• Experience with unlisted property funds, fund structures, mandates and investor obligations.
• Strong capability in portfolio construction, asset allocation and performance measurement (IRR, equity multiple, NAV).
• Highly skilled in financial modelling, analysis and valuation.
• Experience working with institutional investors and capital partners.
• Systems and process mindset to scale a growing platform.

Responsibilities

• Lead day-to-day management of the flagship fund, including acquisition assessment and portfolio construction.
• Prepare fund-level papers, recommendations and business cases for Investment Committee.
• Oversee the valuation programme, coordinating internal teams and external valuers.
• Lead investor reporting and communications across all vehicles.
• Build and improve funds management systems, processes and reporting frameworks.
• Collaborate with Head of Capital, Head of Asset Management and the analyst team.

Skills

Portfolio construction

Financial modelling

IRR / NAV analysis

Investor reporting

Capital management

Education

Tertiary qualifications in finance, property, commerce, economics or related field

Job description

weave. Recruitment is retained on a confidential search for a Fund Manager, on behalf of a private real estate investment and development business based in Melbourne.

About the business

Our client invests its own capital alongside private and institutional capital partners, across development, value add and core plus strategies in the commercial and industrial sectors.

Since inception the business has transacted and developed more than two billion dollars of property, and now holds assets under management of over one billion dollars across a growing family of funds and investment vehicles.

Role

This is a newly created position within Investment Management, reporting to the Head of Investment Management. It reflects strong growth in the firm's flagship fund, which still has significant capital to deploy.

It also reflects growing scale and complexity across the wider platform of funds and vehicles. You will start with day to day accountability for the flagship fund, covering portfolio construction, capital management, fund level performance and investor reporting. From there, this is a genuine build role.

There is a clear path to shape the systems, processes and reporting discipline that let the whole platform scale, and to grow this into ownership of the funds management function as new vehicles are added, rather than stepping into something already built.

• leading day to day management of the flagship fund, including acquisition assessment, portfolio construction and adherence to the mandate and governing documents
• preparing fund level papers, recommendations and business cases for the Investment Committee
• overseeing the valuation programme, coordinating internal teams and external valuers
• leading investor reporting and communications, keeping it accurate and consistent across all vehicles
• building and improving the funds management systems, processes and reporting frameworks that let the platform scale as new funds and vehicles are added
• working closely with the Head of Capital, Head of Asset Management and the analyst team

About you

at least seven years' experience in real estate funds management, property investment or institutional capital markets, with a track record across fund or portfolio management.

• experienced portfolio managers or senior investment managers ready to step into a fund management seat are encouraged to apply
• experience with unlisted property funds, and a sound understanding of fund structures, mandates, trust deeds and investor obligations
• strong capability in portfolio construction, asset allocation and performance measurement, including IRR, equity multiple and NAV
• highly skilled in financial modelling, analysis and valuation
• experience working directly with institutional investors and capital partners
• a systems and process mindset, comfortable building the frameworks that let a growing platform scale
• tertiary qualifications in finance, property, commerce, economics or a related field

This role gives you ownership of a fund at a genuine inflection point, with a clear path to build out the funds management function as the platform grows, inside a business that invests its own capital alongside its partners and backs its people to make decisions like owners.