The Duchy of Cornwall is on a mission to become a world-leading impact organisation, using its assets and convening power to deliver resilient, vibrant, and prosperous communities and ecosystems. The Duchy now seeks a commercially minded Residential Asset Manager to support the management and optimisation of its residential property portfolio.
Key Responsibilities
- Supporting the Senior Asset Manager with the day-to-day asset management of a residential property portfolio.
- Monitoring asset and portfolio performance against budgets, business plans and investment objectives.
- Assisting with the preparation and ongoing review of individual asset business plans.
- Analysing and driving rental income, occupancy, operating costs, voids, arrears and other key portfolio KPIs.
- Driving rental income through implementing rent reviews and identifying opportunities to improve rental income, reduce costs and enhance asset values.
- Ensuring the Duchy’s portfolio responds to the needs of changing legislation, including Renter’s Rights and PRS regime, building safety and compliance laws and pending change.
- Supporting the planning and delivery of refurbishment, capital expenditure and improvement programmes.
- Assisting with budgeting, forecasting and monthly and quarterly reporting.
- Preparing investment appraisals and financial analysis for proposed capital expenditure and asset initiatives.
- Monitoring local residential market conditions, rental levels and competing schemes.
- Reviewing property and operational data to identify trends, risks and opportunities.
- Assisting with the management of external professional advisers, including surveyors, valuers, agents and consultants.
Skills and Experience
- 2–5 years’ experience in residential property, asset management, or a related field, preferably with RICS qualifications or equivalent.
- Experience within residential property, ideally in an asset-management environment.
- Strong analytical and financial skills, with confidence working with property-level data.
- A good understanding of residential rental markets and property performance.
- A strong understanding of residential law and compliance obligations.
- Strong Excel capability and the ability to build and interpret financial models.
- Commercial awareness and an understanding of how asset-level decisions affect value and returns.
- Excellent attention to detail, organisational skills and the ability to manage competing priorities.
- Strong written and verbal communication skills.
- The ability to work effectively with internal teams and external advisers.
- A proactive approach, with the confidence to identify issues and recommend practical solutions.
- A relevant property qualification or degree (desirable).
- The opportunity to work across a varied residential portfolio with exposure to acquisitions, disposals, development, refurbishment and investment projects.
- A commercially focused and collaborative working environment.
- 12% non-contributory pension scheme.
- Death in service benefit of 4x annual salary.
- Flexible working and wellbeing benefits.
- Supportive, people-first culture.
Location: Flexible in base location, with regular travel required across the Estate.
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Residential Asset Manager employer: Point 13 Jobs
Merton College in Oxford is an excellent employer, offering a supportive and collaborative work environment that values the contributions of its staff. With a focus on employee growth and development, the College provides opportunities for professional advancement while fostering a culture of inclusivity and respect. Located in the historic city of Oxford, employees enjoy a vibrant academic atmosphere and access to a wealth of cultural and educational resources.
