Analyst Residential Fund Management

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.

About M&G Real Estate

M&G Real Estate is a global real estate investor with 36.9bn assets under management (AUM) and part of M&G plc with 323bn AUM. M&G has invested 6.4bn globally into the living sector equating to over 30,000 beds. This includes a dedicated UK Living Fund with investments of over 1.4bn in build to rent (BTR) single family housing (SFH) and senior living; a UK affordable housing Fund with commitments of c.350m; European Living investments of c.850m and investments into purpose built student accommodation (PBSA) of over 750m.

Role overview

We are looking for a highly personable, strategic and motivated individual to join as an Analyst working in the Residential team at M&G Real Estate. The individual will support the Residential Fund Managers to deliver the Funds objectives and will gain wide-ranging experience across the spectrum of property investment and asset management activities. The individual should have strong financial acumen, proven track record and keen interest in the living sector. They should be comfortable working in an entrepreneurial environment where team collaboration and a hard-working attitude are paramount.

Key responsibilities and required capabilities

• Investment Management: Responsible to design, build and manage complex models for fund and asset level analysis with high proficiency in Excel. Support asset management colleagues to ensure ongoing performance of investment portfolio in line with the business plan identifying and executing opportunities to enhance asset performance. Provide assistance as required to fund management colleagues with financial and reporting requirements. Liaise with the Fund valuers on a quarterly and ad hoc basis as required. Appraising, evaluating and approving the Asset Managers proposals for enhancing asset performance whether through the Asset Plan or individual Asset Initiatives.
• Asset Origination & Deal Delivery: Support on the acquisition of standing investments, corporate acquisitions and forward fundings of Residential transactions. Keen interest to develop skills regarding structuring and execution of transactions. Support the deal owner for purchases and sales working with internal and external stakeholders and advisors to complete due diligence required to undertake the transactions. Support the deal owner to prepare the papers and present investment opportunities to the Investment Committee. Personable demeanour with the ability to form deep relationships with the investment market across the spectrum of agents, investors and developers. Keen interest in the living sector including BTR, SFH, PBSA, senior living and Affordable Housing. Excellent analytical and quantitative skills. Good understanding of the legal aspects involved in residential asset management, development and investment. Good understanding of the development and construction aspects of real estate with the ability to work in conjunction with internal building surveyor colleagues, agree development fundings and provide ongoing oversight during construction.
• Asset Management: Support the AM team as required to establish and deliver the annual business plan for each asset including but not limited to: hold/sell recommendation, historic and prospective returns analysis, key initiatives, budget analysis and forecasting, NOI growth, H&S review and ESG strategy. Support the AM team for the property to perform to its full potential through maximising revenue, expenditure optimisation, assessing future capital expenditure requirements, assessing ancillary income opportunities, monitoring compliance, minimising arrears and compliance reporting.

General Requirements and Responsibilities

• Understand and demonstrate positive behaviours in line with M&G's Key Attributes and Expectations.
• Comply with health and safety responsibilities appropriate for the role and ensure that they are undertaken in accordance with the relevant company policies, procedures and guidelines.
• Drive forward the sustainable agenda to embed ESG considerations into all aspects of working practices.
• Fulfil regulatory requirements including timely completion of all regulatory training and declarations.

Your track record

• 2-5 years post-qualification experience with preference of specific residential sector experience emanating from either property management, agency, valuation, development or client side roles.
• MS Office suite experience with emphasis on Excel-based financial modelling as well as strong proficiency in PowerPoint/Word to compile investment reports and general analysis.
• High level competence for the activities required for successful real estate investment including: technical property competence, underwriting analysis, due diligence, property valuation, investment memos, leading on negotiations and strategic recommendations.

Your style

• Strong numerical and quantitative skills.
• Leadership capabilities and team-oriented.
• Excellent written, verbal and interpersonal communication skills.
• Strong attention to detail.
• Integrity and professionalism are of paramount importance.

Other info

• Working location: Working from London based office 3-4 days a week with remainder a combination of travel for inspections of existing assets and working from home.
• Investment jurisdiction: UK focused activity with potentially some required involvement in European residential in an advisory capacity.
• People management: No direct line management requirements however dotted line leadership of numerous members of a wider team both internally and externally with 3rd party consultants in a project management capacity.
• Qualifications: Preferably RICS qualified however not required.
• Miscellaneous: Driving Licence required.
• Reporting: The individual will report to the Deputy Fund Manager for the Residential Fund.

M&G is also proud to be a Disability Confident Leader and we welcome applications from candidates with long-term health conditions, disabilities or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job will be offered an interview if they opt in to the scheme when applying. M&G are also democratic. We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.