Asset Manager

Rialto Property Recruitment Limited; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Rialto Property Recruitment Limited is recruiting an Asset Manager for a leading living sector investment and asset management advisory firm in Greater London. The role focuses on portfolios totaling 4,750 beds, including pre-completion developments and first-generation assets.

You will work on revenue management, budgeting, pricing, lease-up strategies and capital projects to optimise income. A strong communication style and IT skills are essential for success.

Qualifications

• Experience in asset management or transferable skills in real estate investment or operator environments.
• Strong attention to detail with the ability to identify opportunities to improve net income.
• Excellent communication skills and confident stakeholder management.

Responsibilities

• Assist clients with business plans for portfolio properties and budgets.
• Review and advise on annual operating budgets.
• Prepare rent setting matrices and evaluate proposed launch rents.
• Advise on leasing strategies for each property and implement pricing models.
• Oversee asset mobilisation including lease-up strategies and placemaking.
• Identify capital projects to enhance revenue and oversee their delivery.
• Progress agreements with university partners or tenants when needed.
• Assist with retender or renegotiation of property management services.
• Negotiate partnerships with developer and university clients.
• Model development viability and cashflows for portfolios.
• Prepare operational asset audits and compare budget assumptions to benchmarks.

Job description

A market leading living sector investment and asset management advisory firm are looking to recruit an Asset Manager into their operational and development advisory division. This business has seen bumper growth in what has been a relatively flat market and can offer the right candidate an exciting opportunity in an incredibly varied role.

This business has operational oversight of over 10,000 PBSA/BTR units across the UK & EU. They provide a cradle to grave service - acquisition, development, revenue & operational budget setting, mobilisation, lease up, sales & marketing, stabilisation and disposals.

This role will focus on portfolios of assets totally 4,750 beds, encompassing a mix of pre-completion developments, new build schemes and first-generation assets.

Key tasks will include:

• Assist clients with the preparation and execution of business plans for portfolio properties.
• Review and advise on annual operating budgets
• Prepare annual rent setting matrix; evaluating and assessing the proposed launch rents for properties within the portfolio.
• Advise clients on recommended leasing strategies for each property.
• Work with property managers to implement dynamic pricing models across the portfolio.
• Advise clients on asset mobilisation including lease-up strategies, placemaking, financial budgets and scheme layouts and optimisation.
• Identify, implement, and oversee capital projects and/or opportunities to enhance revenue through asset repositioning.
• If necessary, progress agreements with university partners or occupational lease tenants.
• Assist with the retender or renegotiation of existing property management services and operating agreements.
• Negotiation of a variety of partnership agreements including nominations and referral agreements for a range of developer and university clients.
• Assist with financial modelling of development viability appraisals and discounted cashflows for operational assets and portfolios.
• Preparation of operational asset audits, analysing operating budget assumptions and revenue targets against benchmark data sets.

We are looking for someone either from the core real estate world, or someone working for an investor or operator of BTR/PBSA assets who has; an understanding of revenue management and operating models, excellent attention to detail with the ability to identify opportunities to improve net income, good IT skills and someone who is a confident communicator.

This role would suit someone who is either already in asset management, or an individual who has the right transferable skills to pivot into an asset management role. In return this company will give you an excellent basic salary and a very generous bonus as well as the opportunity to leap forward in your career in an adult yet supportive business.