Real Estate Investment Associate Director - London, United Kingdom - Intermediate Capital Group

Intermediate Capital Group
Intermediate Capital Group
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Job Title:
Real Estate Investment Associate Director


Contract type:
Permanent, full-time


Location:
London, St Pauls


Department:
ICG Real Estate


Reporting to:
Head of Asset Management


Position Summary:
ICG continues to grow its Real Estate business.

Today the Real Estate business is c.$7 billion AUM and the intent is to at least double in size over the next 5 years.

There are now 55 people in the team split between London Paris, Singapore and Sydney with new team members continuing to join.


Krysto Nikolic was hired in 2021 as Global Head of Real Estate to grow a fully integrated Real Estate Equity strategy and lead the broader Real Estate platform for ICG.

He is keen to ensure that the team remain entrepreneurial and nimble whilst becoming one of the major players in the sector.

The Real Estate business consists of;

  • Senior Debt
  • Partnership Capital
  • Residential Finance
  • Sale & Leaseback
  • Real Estate Opportunities


The Asset Management team is responsible for managing all positions including distressed positions in the portfolio, analysing the performance of individual investments and identifying areas or opportunities for enhancing the returns to deliver the best risk / return outcomes for investors.


This Associate Director role within the Asset Management team will be to provide direct input on the underlying transactions across the debt strategies that require close monitoring or that have complex business characteristics and / or performance issues with borrowers.

A key aspect of the role will be to identify loans that maybe falling behind business plan, but meeting covenants, and provide analytical and real estate understanding to identify further value add upside, both at the property and funding level, that may not have been identified by the Borrower.


Primary Responsibilities:
The responsibilities of the role include, but are not limited to:
Enhancement of Loan Positions and Portfolio outcomes- Attendance at investment committee meetings and quarterly reviews of each Fund to identify any loans where initiatives could be implemented on secured properties to enhance returns- Ongoing review of positions and regular discussions with sponsors / operating partners to ensure complex business plans are progressed, and parties challenged where required- Underwrite initiatives to enhance returns at either the property or funding level- Discussions with Sponsors on relevant deals to discuss such initiatives- Support the Head of Asset Management and the Portfolio Manager in evaluating and implementing portfolio level initiatives to enhance investor returns

Monitoring- Regular meetings with Portfolio Management re the watchlist deals that are not performing in line with business plan, or have challenges that mean that they will likely not perform in line with business plan in the future- Maintain a broad high level understating of all deals presented on the watchlist- Agree with Portfolio Management which deals require Asset Management input at a critical level, and also at an initial high support level

Evaluation- To evaluate the challenges with each deal and implement a strategy that will deliver the best risk adjusted returns within the lifetime of the Fund- Develop these revised strategies with feedback from the deal originator, valuers, third party advisors and lawyers- Broad understanding of debt legal and security documentation to assist with decision making around potential enforcement- Ongoing dialogue / negotiation with the relevant Sponsor of the deals when the preferred strategy has been determined

Reporting- Preparing and presenting investment committee papers to have any required changes formally approved- Instructing third parties including lawyers, LPA receivers, administrators to formally progress these changes- Negotiating and agreeing final documentation with Sponsors / Borrowers


Key Requirements/ Qualifications:

  • An establish and proven Asset Manager with c.710 years of experience in the European Real Estate markets and wellreputed for driving value
  • Intimate understanding of the UK real estate submarkets
  • Keep up to date with real estate markets
  • Excellent financial and cashflow modelling skills
  • Possess sound general business/commercial awareness
  • Excellent written and verbal communication skills
  • Be a flexible team player
Our Global Benefits Framework is centered around these 3 key attributes:

  • Wellbeing
  • Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.


  • Inclusivity

  • Fit for purpose and competitive, no matter who or where you are.


  • Longevity

  • Long Term and sustainable in design_._
Why ICG?

ICG (Intermediate Capital Group) is a FTSE-listed, FCA-regulated alternative asset manager creating sustainable value by partnering with ambitious businesses. We have over 30 years' history and today we manage $82.1bn* of assets and invest across the capital structure. The firm employs over 575 people in 16 countries around the worl
More jobs from Intermediate Capital Group
See all jobs of Intermediate Capital Group