Associate- Asset Management

Jones Lang LaSalle Incorporated; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Jones Lang LaSalle (JLL) in London is seeking an Associate for the Asset Management Team on-site to support a director across industrial, office, retail and living assets in the UK.

You will develop business plans, execute asset strategies, and manage acquisitions/disposals while coordinating with external managers and agents to optimize portfolio performance. Strong numeracy and Excel skills are essential for the role.

Qualifications

• BA or BSc degree with strong academic achievement.
• Understanding of property fundamentals (management, leasing and development) for office/industrial assets.
• At least two years of post-qualification experience in office, retail and industrial sectors with a good network.
• Strong interpersonal, verbal and written communication skills and collaborative working style.
• Knowledge of sustainability impacts on the property industry.
• Strong numeracy, financial and computer skills including MS Excel and ability to understand KPIs.

Responsibilities

• Develop and implement asset management strategies and business plans for a UK multi-sector portfolio.
• Formulate asset strategies and manage cashflow/value enhancement while maintaining occupier relationships.
• Oversee acquisitions/disposals, including marketing strategy and coordination with solicitors and investment committees.
• Coordinate with external property managers and agents; monitor performance and drive portfolio results.
• Draft monthly and quarterly client reports and manage valuation inputs for clients.
• Support MSCI processes for fund performance and ensure sustainability guidelines are met.
• Request data for business plans and leverage technology to drive asset efficiency.

Skills

Property fundamentals

Interpersonal skills

Multitasking

Team player

Adaptable

Communication

Numeracy

Financial skills

Education

BA or BSc degree

Tools

Excel

Argus Enterprise

Job description

JLL empowers you to shape a brighter way. Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.

JLL - Associate - Asset Management Team

Overview: This role is for an Asset Manager working on the business space portfolio, which consists of industrial, office, retail and living assets across the UK. The overall team consists of 55 asset managers who are responsible for approximately £14.8bn of AUM.

Role and Accountabilities

The successful candidate will be supporting a director on a multi sector portfolio. The focus of the role will be in creating and implementing value-add initiatives and risk mitigation strategies for portfolios to deliver optimal asset performance.

Specifically, the responsibilities will include:

Business Planning: working with the team to devise and recommend the strategy (inc. hold/sell) and specific initiatives for individual assets. This will entail creating an annual business plan and running a projection in Argus Enterprise, Excel or other proprietary systems.

Asset Management Strategy: formulating and executing asset management strategies and plans for the portfolio. Responsible for the overall positioning of assets as well as the enhancement of cashflow and asset value; whilst maintaining good relationships with occupiers.

Acquisitions/Disposals: responsible for the sale process including appointment of agents, decision on marketing strategy and management of lawyers and others in the legal process. These processes will also entail preparation of the investment committee recommendation. For acquisitions it will be working alongside the wider team such as the portfolio manager and solicitors in providing assumptions to be used in cashflow projections and ensuring comprehensive due diligence is undertaken.

Asset Management Initiatives: Implementing initiatives identified in the business plan, including marketing strategies, refurbishment/redevelopment projects, rent reviews, lease re-gears/renewals, consideration of alternative uses and all other opportunities to create and protect value. The individual will also be required to recommend and justify these initiatives for approval.

Managing External Property Managers: Overseeing property management and ensuring accountability and performance through regular management meetings and quarterly performance reviews with reference to agreed KPI’s.

Managing External Agents: Working with consultants and external agents to understand the business space markets (trends, values, competition etc.). Monitoring and rewarding good performance and creative advice. Building on and utilising relationships with the consultants and agents to drive portfolio performance.

Reporting: having responsibility for drafting monthly and quarterly reporting on specific clients.

Valuation: managing the valuation process for specific clients and providing information to valuers as required.

Fund Performance: having responsibility for managing the MSCI process for specific clients.

Environmental and Sustainability: ensure compliance with sustainability policies in asset management initiatives including taking account of the refurbishment and redevelopment guidelines.

Data and technology: Being able to request the relevant information and data to support business plans. Expressing a desire to acquire the knowledge and expressing an interest in the latest technology and IT that drives operational effectiveness for the assets.

Required Qualifications & Experience

• BA or BSc degree with strong record of academic achievement.
• An understanding of property fundamentals (property management, leasing and development), particularly for office and industrial assets.
• At least two years of post qualification experience in the office, retail and industrial sectors with a good network of contacts across these sectors.
• Strong interpersonal skills and good verbal and written communication skills with an ability to work collaboratively.
• Knowledge of the impact of sustainability on the property industry.
• Strong numeracy, financial and computer skills including MS Excel and an ability to understand key performance drivers for fund performance.
• Adaptable team player with the ability to operate autonomously when needed.
• Able to manage multiple tasks effectively and prioritise as required to meet expectations.
• Must be able to fit in with an established team and contribute to goals outside of their role for the benefit of the firm.

Location: On-site –London, GBR

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Together, we strive to be exceptional and shape a better world.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with operations in over 80 countries around the world, our employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM.

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