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- Tasks: Support the Property Acquisition Manager in evaluating and acquiring real estate assets.
- Company: Join Canada Life Asset Management, a leader in investment solutions with over £41.9bn managed.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Why this job: Be part of a dynamic team that values curiosity, collaboration, and personal growth.
- Qualifications: Degree in Real Estate or a numerate subject; 3-5 years of relevant experience preferred.
- Other info: Diversity and inclusion are key commitments; flexible working arrangements available.
The predicted salary is between 36000 - 60000 £ per year.
Canada Life Asset Management manages over £41.9bn in fixed income, global equities, UK property and multi-asset solutions. Our investment options are designed to support our investors and their clients in meeting their long-term objectives.
Our solutions
Each of our offerings has been built for a purpose, whether it sits at the core of a portfolio to provide long-term growth or to offer access into a specific global market. Our 40-year plus history as asset managers means we have the expertise to provide high quality multi-asset and risk-profiled solutions as well as attractive equity, fixed income, alternative funds, and real estate finance.
Our heritage
Our parent company, Great-West Lifeco, is a financially strong and stable global organisation, with total assets under administration of £1,800bn and approximately 33,250 employees worldwide, as at 31 December 2024. We also have more than 31 million customers worldwide. As the oldest Canadian life assurance company, Great-West Lifeco\’s foundations trace back to 1847 – meaning we\’ve been helping our customers plan for the future for more than 170 years.
Our team
Canada Life Asset Management has over 100 colleagues and includes more than 50 experienced investment professionals, with almost 20 years\’ average industry experience and ten years\’ average tenure at Canada Life Asset Management (CLAM). We are seeking an Assistant Acquisition Manager to join the property team within CLAM, based in the firm\’s London office.
Job Summary
• Responsible for supporting the Property Acquisition Manager in all aspects of identifying, evaluating and acquiring real estate assets, including market research, due diligence, contract negotiation, and closing processes, while managing administrative tasks to ensure smooth operations within the acquisition team.
• Work closely with Property Acquisition Manager and Fund Manager to agree fund strategies.
• To undertake due diligence and complete direct real estate acquisitions, ground rents and finance lease transactions to meet agreed annual new business investment volume targets.
What You\’ll Do
Financial Analysis
• Assist in developing financial models to evaluate potential returns on investment for property acquisitions
• Analyse property valuations and identify potential risks and opportunities
• Liaise with internal credit team to assist with developing credit rating for counter parties/structures
Market research
• Assist in identifying potential acquisition targets through market analysis, property listings, and networking with agents.
• Compile data on comparable transactions and market trends to inform valuation and investment decisions.
Due diligence
• Conduct initial property inspections and gather necessary documents including property surveys, title reports and environmental assessments.
• Coordinate with legal counsel, engineers, and other relevant consultants/advisors to complete the technical review of legal and property due diligence processes in accordance with investment policies, procedures and approvals for final completion sign off by the Head of UK Property.
• Analyse financial statements and lease agreements to evaluate property viability.
Contract negotiation
• Prepare and review purchase agreements, including terms and conditions, price negotiations and closing dates.
• Assist in managing communication with sellers, agents, legal teams and other advisors throughout the negotiation phase.
Administrative Support
• Maintain comprehensive property acquisition files, including property data, documents and correspondence.
• Monitor the market and contribute to the maintenance of a database of transactions.
• Track acquisition timelines, deadlines and key milestones.
• Prepare presentations and reports for approval on potential acquisitions.
Working closely with investment, actuarial and financial reporting teams to agree income cash flows; and credit and risk compliance teams to manage transactional risk.
Actively contribute to team discussions on the economy, investment and occupational property markets and market forecasting.
Participate in monthly and quarterly valuation review meetings with the fund\’s independent external valuers, providing commentary and challenge to the basis of value and valuation figures where necessary.
Who You Are
• Demonstrable track record of assisting in transactional activity in the property market with a minimum of 3-5 years post qualification experience.
• Ability to develop a market presence through building trusted working relationships within a wide range of market and agency contacts.
• Strong computer and cash flow analytical skills to evaluate property data, market trends and financial projections.
• Technical skills – proficiency in Microsoft Office Suite, real estate database software and financial modelling tools.
• Good communication and presentation skills to interact with internal and external stakeholders.
• Self-motivated and ability to work independently and as part of a team. A strong work ethic, integrity and drive are essential qualities. .
• Detail oriented with the ability to manage multiple projects and deadlines effectively.
Qualifications
• Degree in Real Estate (desirable) or a degree in a numerate subject such as Finance or Business Administration
• Associate member of the RICS (desired) or other professional qualifications (CFA, accountancy) preferred
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that\’s regularly reviewed. As a Canada Life UK colleague, you\’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That\’s why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we\’re making in DEI, and we continue for it to be a significant focus.
\”At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.\” Nick Harding, Chief People Officer, Canada Life UK
We appreciate that everyone has different work and life responsibilities. We\’re happy to discuss flexible working arrangements
Assistant Acquisition Manager in City of London employer: Canada Life Group (UK) Ltd (The)
Contact Detail:
Canada Life Group (UK) Ltd (The) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Acquisition Manager in City of London
✨Tip Number 1
Network actively within the property sector. Attend industry events, seminars, and workshops to meet professionals who can provide insights or even refer you to opportunities at Canada Life Asset Management.
✨Tip Number 2
Familiarise yourself with the latest market trends and property valuation techniques. Being well-versed in current market conditions will help you stand out during discussions with the hiring team.
✨Tip Number 3
Prepare to demonstrate your analytical skills by discussing specific financial models or analyses you've worked on in the past. This will show your capability to contribute effectively to the acquisition team.
✨Tip Number 4
Engage with Canada Life's online presence. Follow their social media channels and participate in discussions to show your interest in the company and its culture, which can make a positive impression.
We think you need these skills to ace Assistant Acquisition Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in property acquisition and financial analysis. Use specific examples that demonstrate your skills in market research, due diligence, and contract negotiation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the property market and your understanding of Canada Life Asset Management's goals. Mention how your background aligns with the responsibilities of the Assistant Acquisition Manager role.
Highlight Relevant Qualifications: If you have a degree in Real Estate or a related field, make it prominent in your application. Also, mention any professional qualifications like RICS or CFA that could set you apart from other candidates.
Showcase Soft Skills: In your application, emphasise your communication and presentation skills, as well as your ability to work both independently and as part of a team. These qualities are essential for the collaborative nature of the role.
How to prepare for a job interview at Canada Life Group (UK) Ltd (The)
✨Know Your Numbers
As an Assistant Acquisition Manager, you'll be dealing with financial models and property valuations. Brush up on your financial analysis skills and be prepared to discuss how you evaluate potential returns on investment. Familiarise yourself with key metrics and be ready to provide examples from your past experience.
✨Research the Market
Understanding the current property market trends is crucial. Before your interview, conduct thorough research on recent transactions, market conditions, and potential acquisition targets. This will not only show your initiative but also help you engage in meaningful discussions during the interview.
✨Demonstrate Your Negotiation Skills
Contract negotiation is a significant part of the role. Prepare to discuss your previous experiences in negotiating deals, including any challenges you faced and how you overcame them. Highlight your ability to communicate effectively with various stakeholders throughout the negotiation process.
✨Showcase Your Team Spirit
Collaboration is key in this role, as you'll be working closely with different teams. Be ready to share examples of how you've successfully worked in a team environment, contributed to group discussions, and supported colleagues in achieving common goals. Emphasise your self-motivation while also showcasing your ability to work well with others.
