Asset Manager, Commercial- Manchester

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Job Description

Business Area: Direct Real Estate Investment

Location: Manchester

Asset Manager – Offices

Who we\’re looking for

Schroders Capital Real Estate is seeking a real estate asset manager with office sector property experience, who has strong organisational and analytical skills to work across multiple UK real estate funds, based ideally in our Manchester office. You will be responsible for asset management initiatives, asset level business plans, cashflow and income projections, and transactions. You will also be inputting into investor and internal reporting preparations and will have an interest in office assets specifically.

About Schroders Group

Schroders is a leading provider of active asset management, advisory and wealth management services and is widely recognised as a leader in sustainability. Few investment managers can match the combination of capabilities and global reach that Schroders offers. This breadth of services across public and private markets allows for distinctive solutions for the diverse needs of clients, who look to Schroders to provide superior long-term investment outcomes.

Schroders Capital

Schroders Capital is the private markets business of Schroders with $97bn of AUM. We work as a global network of specialised, entrepreneurial teams. We combine a global perspective with local market expertise to serve institutional and private wealth clients. Our offering spans the private markets universe and provides access to unique capabilities across private debt and credit alternatives, real estate equity, private equity, and infrastructure equity.

The firm has deep expertise in creating bespoke solutions for institutional clients and is committed to providing scalable capabilities across the spectrum of risk, return and sustainability and impact objectives.

Supported by the resources, experience, and institutional framework of one of the world\’s leading asset managers, Schroders Capital is dedicated to helping investors achieve their goals and is at the forefront of product innovation to meet the evolving needs of investors.

We see our role as being a driver of positive change drawing on deep skills to select, acquire, and improve the assets we own.

The team

• Our Real Estate department is an integral part of Schroders Capital and constitutes an important focus area of the Group\’s strategy for expansion.
• Schroders Capital is one of Europe\’s largest real estate managers with deep real estate expertise on the ground across real estate sectors with £20bn+ AUM. Investment strategies are offered in a broad range of open and closed ended funds, listed REITS, specialist funds, joint ventures and separate accounts.
• The Real Estate team is highly experienced in real estate fund management, research, acquisitions, asset management and is comprised of over 200 people operating from offices across the UK, Continental Europe and Asia.
• Our investment philosophy is centred on consistent themes including investing in strong fundamentals, actively managing portfolios and delivering positive environmental and social impact. We adopt a research-driven and market-focused investment approach. Our dedicated Real Estate Research team identifies those sectors, cities and real estate characteristics expected to outperform, ensuring portfolios can benefit from structural change.

What you\’ll do

• Directly responsible for a portfolio of regional office assets producing and executing asset level business plans. Including the refurbishment of vacant space, improving common parts, end of journey facilities etc
• Assist a lead asset manager on larger more complex projects including substantial cap ex refurbishment and development initiatives.
• Asset management responsibilities will include overseeing the leasing of vacant space, progressing rent reviews and lease renewals, as well as overseeing the property management functions. Seeking to maximise NOI across all buildings.
• Engage with occupiers and have a specific interest in office markets across the UK.
• Be responsible for building strong relationships with external consultants in order to support asset management initiatives.
• Assist fund manager in the fund wide strategy and reporting on regional offices. Delivering to strict client dictated timetables.
• Cash flow planning on individual assets.
• Be involved in the buying and selling of offices outside of London.
• Provide assistance on oversight of the collection of sustainability data by the property managers and input into Investment Sustainability Action Plans and long-term vision for the assets. Looking to reduce use of fossil fuels and improve sustainability credentials of all buildings.
• Support Schroder\’s \”Real Estate with Impact\” approach to sustainable investing, that seeks to promote a fair, environmentally and socially conscious low-carbon transition, that also supports social, as well as economic and physical resilience, and ultimately sustainable communities and economies
• Be confident and clear in conveying recommendations and rationale, and able to report portfolio initiatives to both clients and the Schroder Real Estate investment committee

The knowledge, experience and qualifications you need

• Ideally asset management experience in offices, alternatively relevant property industry experience which could typically include property management or valuation, with an understanding of both required – ideally RICS or equivalent qualification
• Strong knowledge of the commercial real estate markets and expertise and specific understanding of office markets
• Understanding the changing requirements of the office occupier
• Confident in taking ownership of a small portfolio of assets, reporting to your line manager – looking to drive and track NOI across the assets.
• Willing to assess business activities/processes to identify scope for value enhancing opportunities, refurbishments and letting strategies, as well as overseeing the management functions
• Organised, analytical and with good attention to detail
• Ability to present analysis, outputs and rationale in a clear, concise manner – strong verbal and written communication skills
• Confident in taking ownership of your objectives and efficiently managing your time to meet deadlines
• Ability to lead a team of external consultants assisting with asset management of your assets and to develop strong relationships with industry peers and advisors
• Understanding of real estate cash flow modelling with experience in Excel, Argus or similar
• Understanding of the drivers of performance and value creation in property

What you\’ll be like

• Clear and demonstratable interest in real estate and a career in real estate asset management – keen to learn and develop new skills
• Professional with a high standard of personal integrity
• Numerical, diligent and organised
• Good communicator
• A team player, with a strong work ethic and commitment to the role, with an ability to perform under pressure

We recognise potential, whoever you are

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristics.

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