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CRE, Asset Management (w|m|d) London

Asset Management

without management responsibilities

with employer-funded pension

Job overview

Publication
August 17, 2023

Application until
January 21, 2024

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PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Tasks

PIMCO is looking for an experienced Real Estate Asset Management professional to join its growing alternatives team in London. The person will be responsible for analyzing the financial performance of residential and commercial property portfolios, implementing the business plans for existing investments as well as preparing and presenting strategic recommendations for Investment Committees.

The role is based in London within the Pan-European Asset Management Team. Principal responsibilities include the accurate financial modelling and analysis of both residential and commercial portfolio investments. The individual will work with senior members of the asset manager team and joint venture partners to review to implement the underwritten and annual business plan. The applicant can be expected to be involved in investments that are valued from €50 million upwards and will be involved in assets in varying stages of the investment cycle.

Direct experience in property portfolio management is preferred, and MS Excel modelling skills is essential. The candidate will be expected to maintain an up to date understanding of European property market sectors, cycles, key performance drivers along with effective working relationships with both colleagues and external advisors

Work closely with joint venture partners and third party service providers (including property and asset managers, leasing and investment agents etc.) driving their performance and ensuring investment performance is in-line with the business plan
Handle the communication with external parties (agents, brokers, property managers, vendors, analysts, property surveyors)
Accurate Excel financial modelling and analysis of investments and investment strategies monitoring key performance indicators of risk and return and running sensitivities.
Prepare hold /sell analysis papers for the Investment Committee and quarterly reports for the fund
Gather the appropriate market research and review real estate surveys and benchmarks, economic and demographic trends for relevant sectors
Manage the debt financing on assigned investments and procure debt extensions, renegotiations, recapitalizations, etc. as necessary
Provide research data to support business plan assumptions and test these to optimize returns i.e. capital structure, debt/equity, asset plan, legal and tax structure

Profile / Your qualification / Your personality

A minimum of 5 years’ experience with solid academics (educated to degree level), ideally holding qualifications in engineering/science, finance, economics, or business studies
Experience gained in a first rate professional services or investment environment, e.g. real estate investment management/private equity firm/advisory-account firm
Experience of presentation preparation, and research
Historical experience in development implementation considered an advantage
Advanced skills in financial modelling with a strong background in the financing and modelling of residential and commercial property portfolios and investment cases
Previous transactional and asset management experience in a private equity fund or leading financial institution
Detailed appreciation of the physical side of property this includes all aspects of ongoing asset management, valuations and disposal strategies
Execution experience with ability to prioritize and meet multiple deadlines
A solid grasp of European Real Estate market intelligence with a particular focus on western European markets
Ideally experience in a number of European countries and understanding of financing and loan security packages as well as development experience

Other Desired Attributes

Professional and positive attitude
Cultural fit
Good communication skills
Ability to operate effectively under pressure in a changing environment
Good organizational skills and ability to manage multiple priorities and deadlines
Commitment to high standards with a focus on attention to detail
Commercial acumen
Confident decision making and ability to be proactive
Ability to effectively operate in a cross-cultural environment
Another European language a positive but not a must

That awaits you

We believe that active management is the responsible way to invest our clients' assets in fixed income.

For 50 years, we have worked relentlessly to help millions of investors pursue their objectives - regardless of shifting market conditions.

Our clients rely on an investment process that has been tested in virtually every market environment.

Bringing together our investment professionals from across the globe, PIMCO's investment process is designed to promote fresh ideas and differing points of view.

We innovate to give our clients an edge.

Innovation has long been part of the fabric of PIMCO’s culture. Explore how we assess shifting risks and opportunities to build forward-looking solutions for investors.