Associate, Real Estate Asset Management in City of Westminster

The Associate – Asset Management (Retail & Office) will support the Asset Management team in driving value creation, monitoring performance, and executing business plans across a diversified portfolio with a focus on pan-European retail and offices. The role will partner closely with senior asset managers, investment teams, finance, and third-party operators/servicers to ensure high-quality analysis, reporting, governance, and disciplined execution throughout the asset lifecycle.

Key Responsibilities:

• Manage asset‑level business plans in partnership with wider Deal Team and external operating partners, ensuring clear priorities, measurable milestones, and accountability.
• Monitor operating performance (NOI, occupancy, leasing velocity, renewals, arrears, opex) and proactively address underperformance through agreed action plans.
• Co‑ordinate annual budgeting and quarterly IRR reforecasting processes with operating partners.
• Help identify and execute value‑creation initiatives including revenue management, ancillary income, pricing optimisation, cost control, and unit/amenity upgrades.
• Monitor capital‑expenditure programmes (maintenance and value‑add), including scope definition, prioritisation, procurement oversight and delivery tracking.
• Act as a critical day‑to‑day interface with external operating partners, property managers and key third‑party service providers.
• Endorse and maintain governance rhythms (weekly/monthly operating reviews, quarterly business reviews).
• Review and advise on partner reporting, KPIs and assumptions to ensure consistent reporting standards across sector.
• Prepare materials for weekly/monthly operating reviews and quarterly business reviews, including dashboards, KPI packs and meeting minutes/action trackers.
• Drive the standardisation of reporting templates and definitions across the sector.
• Maintain awareness of market parameters (rents/pricing, vacancies, supply pipeline, cap rates, comparable transactions) and apply towards actionable insights for business plans.
• Support valuation processes by compiling inputs, updating cash‑flow assumptions, and coordinating with third‑party valuers where relevant.
• Prepare recurring asset and deal‑level reporting packs for internal committees and senior management.
• Ensure data quality and version control across models, forecasts and reporting outputs; maintain clear assumptions and supporting backup.
• Coordinate periodic IPD data submissions across assets and ensure completeness, consistency and timely delivery.
• Support acquisitions by providing asset‑level and market intelligence, contributing to underwriting assumptions and business plan strategy.
• Assist with exit planning and execution, including data‑room preparation, buyer Q&A coordination and analysis to support management presentations and investment committee materials.
• Support integration of ESG objectives into business plans by tracking KPIs and compiling data from third parties.
• Contribute to development of best practices, playbooks and reporting standards for Retail and Office asset management across Europe.

Candidate Profile:

• 3‑5 years’ experience in asset management, investment banking, portfolio management, investment management, transaction services, corporate finance, or an adjacent analytical role within financial services and/or real assets.
• Demonstrable track record of active involvement in business‑plan execution, operating partner relationships, budgeting/forecasting and value creation initiatives.
• Strong analytical skills and attention to detail; able to translate large amounts of information into clear outputs and recommendations.
• Advanced Excel skills (financial modelling, scenario/sensitivity analysis); comfort with PowerPoint for presenting materials.
• Strong communication and stakeholder management skills; able to work effectively across European geographies with external partners.
• Organised and reliable, with the ability to manage multiple workstreams in parallel and meet deadlines in a fast‑paced environment.
• Interest in ESG integration and responsible investment practices; ability to support data gathering and reporting requirements.

Education & Languages:

• Master’s degree (or equivalent) in Finance, Economics, Business, Engineering or a related field.
• Ability to travel across Europe required.
• Fluent in English, additional language skills in particular German, French or Spanish preferred.