Manager, Investment and Asset Management (Based in NYC, USA)
Date: 20 Nov 2024
Location: New York City, United States of America
Company: Mapletree
Job Responsibilities:
• Modeling cash flow scenarios to evaluate economics of potential leases, resultant impact to asset value, & buy/sell/hold recommendations. The role requires exceptional prof. in excel
• Lead analysis & provide analytical insight to portfolio management team using Argus & Excel w/ high degree of prof
• Build, maintain, & oversee stress testing of complex fund models
• Develop & execute business plans for capital improvement projects, including securing necessary funding, & overseeing teams to deliver on project tenders, build out, & adherence to strict timelines
• Act as main point of contact w/ portfolio management team & spend significant time w/ global colleagues across commercial real estate business including acquisitions, asset management & legal & compliance
• Negotiate leases using in-depth understanding of lease agreement clauses (including regional market standards) to promote ownership’s economic interests
• Structure binding lease agreements, by performing analysis of lease proposals & managing the approval process w/ capital partners & lenders, while executing leasing strategy
• Apply knowledge of real estate property management & financials to manage & monitor quality of outsourced services including oversight of property management & leasing teams
• Periodically review & negotiate contracts & agreements w/ vendors & third parties to ensure maximum net operating income (brokers, property managers)
• Closely collaborate w/ property managers during CAM (common area maintenance) financial reconciliations & provide oversight on any tenant financial audits where necessary
• Assist Head of US Commercial in board presentations & formulating strategy for existing & new assets
• Review & interpret monthly financial reports while working closely w/ finance to ensure consensus on performance variances compare to budget
• Manage & mentor real estate analysts
• Involvement in transactions from end-to-end, including research, deal evaluation & structuring, financial analysis (including financial modelling) & deal execution
• Evaluate optimal timing for potential asset dispositions, through active risk management & performance of regular hold/sell analysis of existing assets to maximize fund returns
• Review due diligence reports (financial, legal, technical) for potential asset acquisitions valued in the hundreds of millions of dollars
• Underwrite disposition, acquisition opportunities based on current capital markets & real estate inputs
• Lead in development of business cases & funding requests for large capital projects. This requires exceptional written communication, market knowledge, & established industry relationships
• Collaborate w/ Investment team to identify new investment opportunities, perform due diligence, & lead efforts on major commercial office acquisitions & investment decisions for North America
• Attend industry conferences & participate in panels to facilitate investment
• Negotiate, & structure real estate investments to generate benchmark out-performance (alpha)
• Knowledge of entitlement process to assess value creation opportunities & mitigate risks
• Coordinate w/ Investments team to obtain external BOVs & appraisals
• Lead preparation & review of reports detailing asset financial performance, leasing status, rental collections, & progression of capital projects
• Collaborate w/ colleagues globally to address investor requests for performance data, reporting & responses to due diligence questions
• Perform scenario analysis to benchmark portfolio performance versus submarkets using KPIs & market-based metrics
• Review financial reports, prepare & analyze budgets, & manage cash flows at all properties
• Perform property-level market valuations for owned assets & maintain models to support market valuations
• Lead review of appraiser models & reports to scrutinize assumptions impacting value
• Lead multi-year budgeting process of all US Commercial assets
Minimum Education Required:
• Bachelor’s degree in Business Administration, Finance, Accounting, Real Estate, or a related field, or the foreign equivalent.
Minimum Other Special Skills or Requirements:
• 5 years of experience using financial concepts such as net present value, internal rate of return, discounted cash flows, hold/sell analysis, and other performance-related metrics
• 5 years of experience using Excel and PowerPoint.
• 3 years of experience in commercial real estate asset management and investment.
• 3 years of experience in deal sourcing, underwriting, and executing real estate investments.
• 3 years of performing valuations across logistics, commercial office, and student housing asset classes.
• 3 years of portfolio management and analysis to determine asset class exposure insights and strategies to maximize returns.
• 3 years of experience using Argus software.
• 3 years of experience using accounting software such as SAP reports.
The annual base compensation range for this role sits between: $176,571 - $190,000
This range is representative of the starting base salaries for this role at Mapletree. Compensation offers are based on a wide range of factors including previous work experience, specific industry experience, relevant skills, training and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. Candidates hired to work in other locations will be subject to the pay range associated with that location. In addition to salary and a competitive employee benefits package, candidates may also be eligible to receive a discretionary bonus.
Interested applicants, please submit your resume by clicking APPLY NOW.
(We regret that only shortlisted candidates will be notified. Mapletree Investments Pte Ltd shall not be responsible or liable to any recruitment firm or agency in connection with the receipt of any unsolicited information on any prospective candidate.)
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