Associate, Asset Management Associate, Asset Management …

M&G Investments (Australia) Pty Ltd
in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 26 Nov 20
Competitive
M&G Investments (Australia) Pty Ltd
in Sydney, New South Wales, Australia
Permanent, Full time
Last application, 26 Nov 20
Competitive
Posted by:
Samantha Koh • HR Senior Associate
Posted by:
Samantha Koh
HR Senior Associate
To identify opportunities to improve asset investment performance through leasing strategies, enhancement of planning or via change through refurbishment, alteration or redevelopment and to take the lead role driving asset management activities (including oversight of outsourced property management), with direct responsibility for delivery of landlord & tenant and leasing strategies (including lettings, rent review, lease renewal & restructuring), as approved via Asset Initiatives or within the Asset Plan To contribute to the achievement of strategic investment objectives developed and agreed upon on a periodic basis and recorded in an Annual Asset Plan.

Investment Responsibilities

Establishing and maintaining the Asset Strategy and hold/sell analysis for each allocated asset

Reviewing the performance of the asset and understanding the drivers of performance. Monitoring and reviewing, in conjunction with the Fund Manager, the investment performance of assets against the appropriate benchmark

Development and management of 15 year cash flow models of assigned assets using Argus Enterprise software (updated quarterly)

Appraising, evaluating and approving the agreed asset strategy or proposals developed aimed at enhancing asset performance whether through the Asset Plan or individual Asset Initiatives

Advising the Head of Australia, Manager, HoAM and or Fund Manager where there might be an inappropriate skills match within the Property Management team to deliver the Asset Strategy

Ensuring the accuracy of the investment data held on the relevant in house systems or systems managed by service providers

Ensure that your assigned assets are kept "ready for sale" from a compliance, presentation and legal title basis. 

If requested, execute approved disposition strategy ensuring optimised returns are secured and legal transfer is completed correctly

Supply PRT with relevant research received from the property market and where appropriate extend invitations to presentations and seminars to PRT colleagues

Providing relevant information to the appointed external valuers, valuation report review and compliance to M&G valuation policy and procedure

Identifying, appointing and negotiating the terms of appointment of investment agents and consultants and monitoring their performance

Undertaking valuations and feasibility analyses as required in support of any recommendations requiring Fund Manager’s authority

Sharing market information within M&G Real Estate to ensure, as appropriate, all Client Funds benefit from this information. Identifying and promoting ideas for research

Asset Management Responsibilities

Responsible for delivering optimised total returns for your allocated assets and or duties allocated to you taking account of the risk profile, aims and objectives of the various mandates and funds. Portfolio and asset allocation may vary from time to time and contemplates all asset classes

Responsible for preparing a periodic Asset Management reporting deliverables for any allocated assets including; Annual Asset Plans, Lease Approvals, Capex Approvals etc.

Responsible for managing periodic (quarterly & annual) valuations for your assigned assets. Assisting the HOAM procure and manage the services of the external service provider. Responsible for managing the appointment and performance of the service providers associated with your assigned assets (Property Managers, Facility Managers, Leasing Agents Consultants)

Managing and monitoring the selection of professional and agent sub-contractors to ensure that the appropriate quality and cost of service is obtained, avoiding conflicts of interest and adhering to internal M&G compliance and policy

Identifying, negotiating and implementing initiatives including lease handover/re-letting opportunities and reconfiguring properties to enhance the income return

Managing rent review and lease renewals, both in-house and using external consultants as may be agreed

Organising and chairing asset review & letting meetings with relevant participants (as required), ensuring agreed actions points and agreed strategy are documented, communicated to all participants and followed through

Approving the property management strategy and objectives and overseeing implementation by the Property Manager, including the following: 

a. Ensuring that income is maximized and non-recoverable costs proactively managed & minimised

b. Ensuring that assets are kept "ready for sale" (other than where part of an agreed strategy)

c. Long range capex plan for your assets

Monitoring and reviewing under the lead of the Head of Australia, Australian Manager, HoAM and or Fund Manager, the investment performance of assets

To contribute proactively in respect of asset management and leasing factors that may influence the hold / sale decision in respect of individual assets

Set up, build, maintain and manage key relationships with professional service providers, subject matter experts and Agents

Organising and chairing asset day meetings with relevant participants (as required), ensuring agreed actions points are documented, communicated and followed through.

Contributing to M&G’s customer relationship management program (establishing and owning relationship with key portfolio customers (tenants)

Develop in depth market knowledge of your assets, sectors and markets. Be the go to person within the M&G team

Develop and execute asset transition plans for newly acquired assets

Management of asset level delegation of authority for service providers to work within

Managing M&G RE's data bases (Argus Enterprise & Yardi)

Key Knowledge, Skills & Experience:

The candidate should be a self-starter who has the ability to use his/her own initiative:

Bachelor’s Degree – Real Estate or equivalent

Experience and or proficiency with Argus Enterprise (DCF software), Excel & Yardi

2 to 4 years’ of experience in the Property / Asset Management function within the real estate sector particularly in exposures to asset management, leasing, property management, capex/repair, valuation

Experience in reporting on NOI Variance

Proficiency in financial analysis, valuation movements, reading and comprehending P&L & Balance Sheets

Proficiency in English and an Asian language is preferred

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