Investment Manager Residential 12 Month Fixed Term Contract

Job Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clientsand identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision were looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliverresults and keep it simple. We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role. The Role:M&G Real Estate is a global real estate investor with £33.5bn assets under management ("AUM") and part of M&G plc with £323bn AUM. M&G has invested £6.1bn globally into the living sector equating to over 30,000 beds. This includes a dedicated UK Living Fundwith 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.£300m; European Living investments of c.850m and investments into purpose built student accommodation("PBSA") of over £750m. We are looking for a highly personable, strategic and motivated individual to join a dynamic, well-respected and expanding team as an Investment Manager in the residential team. The role will include originating, underwriting and executing transactions in line with Fund strategy, reporting to the Deputy Fund Manager of the Residential Fund while also working closely with the Fund Managers, Asset Managers, wider internal business colleaguesand external stakeholders to deliver the Funds objectives. The individual should be an experienced real estate professional with a deep understanding of the living sector, strong financial acumen and a proven track record. They should be comfortable working in an entrepreneurial environment where team collaborationand a hard-working attitude are paramount. The available position is for a fixed term contract ("FTC") of 12 months as cover for parental leave in the team. The position has the potential to change into a permanent role, subject to the performance of the individual and ongoing business requirements. Key Work Level Accountabilities: Manager or Expert:

• For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
• For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
• Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
• Manages conflicts that may impact delivery
• Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output
• Manages resources and risks using expert judgment, know-how and experience

Key Responsibilities for this role:Asset Origination & Deal Delivery

• Support on the acquisition of standing investments, corporate acquisitions and forward fundings of Residential transactions. Strong technical skillset regarding structuring and execution.
• Take on the deal owner accountabilities for purchases and sales working with internal and external stakeholders and advisors to complete due diligence required to undertake the transactions.
• Prepare the papers and present investment opportunities to the Investment Committee (working with the transaction team and Fund Manager).
• Personable demeanour with the ability to form deep relationships with the investment market across the spectrum of agents, investors and developers.
• Ability to transact across the sub-sectors of Residential including BTR, SFH, PBSA, senior living and Affordable Housing.
• Excellent analytical and quantative 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, working in conjunction with internal building surveyor colleagues, agree development fundings and provide ongoing oversight during construction.

Investment Management

• Provide oversight and assistance to 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 to fund management colleagues with financial and reporting requirements as well as providing input and ideas into fund strategy.
• Liaise with the Fund valuers on a quarterly and ad hoc basis as required.
• Engage with internal and external stakeholders in an oversight capacity to ensure the successful delivery of ongoing developments, with a particular focus on the financial and legal aspects of the development activities.
• Appraising, evaluating and approving the Asset Managers proposals for enhancing asset performance whether through the Asset Plan or individual Asset Initiatives.

General Requirements and Responsibilities

• Understand and demonstrate positive behaviours in line with M&Gs 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.

Key Knowledge, Skills & Experience:

Post qualification experience in Residential investment, in at least one of the sub sectors of BTR, PBSA, SFH, senior living or affordable housing and a strong desire to gain experience in the other sub sectors.

Preference for specific transactional experience.

Professional 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.

Solid grounding of contacts and relationships in the Residential sector.Excellent Residential valuation knowledge.</