Real Estate and PropertyFull-TimeMid-level(3-5 yrs)
Job Description
Purpose of the Job
Supports the Senior Manager REITs with execution of investment strategies and REIT Management activities as guided by the scheme documents of the ASA I-REIT, regulatory requirements and the Group’s policies. The Manager I-REIT will be required to provide business recommendations to the AIML Executive Director and the I-REIT Investment Committee so that performance criteria are consistently met. The I-REIT Manager ultimately supports the delivery of returns for the investors.
Role and Responsibilities
Acquisitions
Manage acquisition of stabilized properties from the ASA D-REIT (the ASA I-REIT has the right of first offer).
Capital Raising
Update the Investor Relations team on funding requirements.
Supporting fund raising through attending meetings with funders and roadshows.
Support in preparing debt/equity financing applications, investment memoranda, documentation and subsequent tracking and preparation of funding requests.
Management of the debt and equity drawdown processes as relevant.
Leverage existing business relationships of the Group to grow the investor base.
Due Diligence co-ordination between AIML, lenders, REIT investors, legal teams and other advisors involved.
Application for Technical Assistance Facilities (TAF) where necessary and management of the same.
Research
Undertake extensive market research on REITs, real estate and related aspects.
Maintain the research database of AIML.
Valuation and Investment Appraisals
Co-ordinate valuation of the I-REIT properties.
Manage the design and development of complex financial models for real estate projects and other projects from time to time as necessary.
Co-ordinate regular financial appraisals of properties and I-REIT business.
Keeping abreast of the latest modeling, valuations and forecasting tools and international standards and best practice.
Financial Covenants and Reporting
Management of financial covenants.
Prepare regular reports on the performance of the properties.
Develop and implement strategic business plans for each asset that will govern its daily operations.
Scheduled/ad hoc reporting to clients (incorporating economic and market overview, portfolio valuation and performance and strategy for the respective funds).
Co-ordinate with relevant functions to ensure timely and accurate reporting to regulators (CMA/ RBA) as appropriate.
Co-ordinate the preparation of the annual and semi-annual report.
Making presentations to AIML Board committees and REIT Trustees.
REIT Establishment
Support the Senior Asset Manager in preparing applications and documentation for establishment of REITs in line with the company-wide strategy.
Administration and Relationship Management
Managing property/project visits for investors, prospective investors and other stakeholders.
Lead the annual budget, business planning, and re-forecasting process for the I-REIT.
Ensure all documentation regarding REIT management are complete and up to date.
Liaise with Operations/Finance function to ensure that REIT fees are paid promptly.
Undertake orientation for new staff members as assigned.
Global Equity Raising
Support the Group in the set-up of a permanent equity vehicle to aggregate global capital.
Advise management of effective risk hedging strategies on associated transactions.
Lead the post-close process including ensuring satisfaction of conditions precedent to ensure timely drawdowns.
Participating and supporting equity fund raising through preparation of funding applications, investment memoranda, and roadshow presentations where appropriate.
Support the Group in the optimization of its balance sheet.
Technical Assistance (TA) Facilities
Lead the sourcing of TA facilities to offset the impact of transaction costs and aid the business capacity-building initiatives.
Design and management of TA facilities budgets.
Working with the ESG Manager to ensure timely development impact reporting to TA providers.
Qualifications and Requirements
University degree in Business, Finance, Accounting or related business discipline.
A Professional Finance Qualification, such as a CFA, CAIA, an MBA or equivalent is preferred.
Compliant with the CISI and/or ICIFA certification requirements.
At least 5 years in an analytical capacity in the investment space.
Strong numerical and analytical skills – experience with financial modelling is preferred.
Self-starter with a go-getter attitude and a desire to hold themselves accountable.
High personal and professional integrity and strong work ethics.
