Job Description
· Lead property acquisitions through preparation of supplemental offering memorandum and monitoring due diligence.
· Participating in fund raising activities with the investor relations team by way of presentations to fund managers and relationship management with fund managers.
· Develop and implement strategic business plans for each asset that will govern its daily operations. This includes forecasting budgets and assessing the impact of strategic plans on profitability.
· Work with property management team to assure financial performance, timely reporting, proactive and high-quality maintenance, and positive tenant relations.
· Provide an assessment of the REIT and underlying assets performance monthly which feed into quarterly updates for the investment committee.
· Prepare interim and annual reports providing qualitative and quantitative commentary of the REIT performance.
· Ensure full compliance of reporting network.
· Provide strategic, qualitative and quantitative recommendations to the executive director and the investment committee for ensuring performance objectives are met or exceeded.
· Lead the annual budget, business planning and re-forecasting process for the I-REIT. This includes maintaining the requisite financial models for the said tasks.
· Review monthly property management reports for variance against budget and strategy.
· Create cash flow projections, analyze and recommend investor capital calls and distributions.
· Complete valuations for properties for interim reports to generate NAV.
· Implementing dispositions to optimize the REIT performance.
· Ensure investor relations team are updated on fundraising requirements.
· Supporting investor relations with capital raising activities.
· Engage with lenders on term sheets and offer memorandum to negotiate and safeguard the I-REITs interests in funding acquisitions.
· Ensure lender drawdowns are planned and implemented. Ensure compliance with all lender requirements and constraints.
· Support business projects where required.
· Source and recommend REIT service providers to the board.
· Manage the I-REIT’s sinking fund to ensure optimum returns and adequacy of funds for maintenance and repair works.
Skills required
1. Financial modelling and analysis.
2. Stakeholder management
3. Leadership
4. Collaboration
5. Communication and conflict resolution skills
Education and experience background
- Undergraduate degree in any business discipline – Finance/Accounting/Economics and Statistics/Actuarial Science etc.
- A professional qualification is a plus but not necessary unless individual’s undergraduate is not business related. Qualifications applicable include ACCA/CPA/CFA/CIFA.
- 5+ years in an investment analysis and management capacity
- Experience in managing teams and external stakeholders.
- Experience and familiarity in working with CMA regulations and requirements.
