Associate – Real Estate Investments recruitment
In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. For more information about the CPP Investment Board, please visit www.cppib.ca..
We are presently recruiting for an Associate in the Real Estate Investments department in London, UK. Reporting to the Managing Director, Real Estate Investments - Europe, the Associate is responsible for assisting the Managing Director and the wider REI team by evaluating potential real estate investment opportunities in Turkey with a secondary focus on other European markets; developing real estate and financial information in the form of memos and financial models, and providing recommendations; participating in negotiations on various investments and relationships, including purchase agreements and joint venture documents; and monitoring and managing investments, and leveraging relationships.
Role Specific Accountabilities:
Department: Real Estate Investments
Closing date: 28th March 2012
Position Type: Full-time
Salary: Competitive
Hours of Work: 8:30am – 5:00pm (42.5 hours/week)
Analyze Real Estate Investment Opportunities:
• Conducts industry analysis and due diligence on potential partner relationships and investments; assist senior staff in the selection, evaluation and on-going monitoring of relationships and investments
• Builds complex financial models to analyze opportunities (includes testing assumptions and sensitivities)
• Examines Joint Ventures, “club deals” and other investments, as well as financial structures, using computer models and other quantitative analytical tools
• Develops investment summaries and recommendations outlining potential investment opportunities, including expected risks and returns and real estate dynamics
• Reviews 3rd party due diligence reports (strategic reviews, property, legal, accounting, environmental, etc.)
• Reviews investment performance, strategy, outlook, real estate industry issues, and other relevant topics
Execute Real Estate Investments:
• Manages specific aspects of the execution of the real estate investment opportunity
• Participates in negotiating terms and conditions with respect to investments and relationships with investment partners
• Assists in the underwriting process of real estate investments
• Liaises with investment partners and advisors
• Assists in presenting investment recommendations to the Real Estate Investment group
• Monitor Real Estate Investments:
• Participates in the monitoring and management of the investments, including representing CPPIB on shareholder and management committees, providing direction and advice to the asset/property manager and performing reviews of existing investments and partnerships
• Reviews capital commitments and distributions related to real estate investments
• Coordinate with Finance Operations with respect to monitoring ongoing investments
• Assists in building and leveraging relationships with company management teams
• Assists in monitoring potential exit alternatives (including asset sales, public market conditions, potential strategic partners, etc)
• Works directly with staff in other internal departments and other external service providers on various projects and assignments
• Other relevant duties and projects as assigned
If you possess the following, we’d like to hear from you:
• Undergraduate degree plus significant real estate work experience or graduate degree with relevant real estate experience in the European markets
• Academic degree or courses in real estate (or civil engineering or construction) and finance
• With a heavy focus in the Turkish markets, the following are required:
• Experience in the development, construction, asset and property management of Turkish shopping centres; knowledge of other asset classes
• Experience in capital raising, fund management and familiarity with Turkish REIC regulations; knowledge of and relationship with regulators
• Relationship with the real estate and finance industry in Turkey
• Deep economic and political understanding of Turkey
• Strong communication skills (oral, written, presentation); demonstrated strong interpersonal skills; Fluency in English is required and other foreign languages would be an asset.
• Broad knowledge of other Asset classes
• Displays a high degree of professionalism, with the ability to manage internal and external relationships
• Solid, demonstrated financial background; general experience in real estate
• Extensive working knowledge of MS Office (Word, Excel, PowerPoint, etc.); in particular, ability to financial model with Excel
• Strong quantitative, financial and analytical skills; experience compiling data and financial information; familiarity using computer models
• Flexibility, adaptability and initiative; forward thinking and self-motivated
• Good judgement and sense of priorities
• Team player who enjoys a high performance culture; open to and comfortable with constantly evolving and changing priorities and new challenges
• Professionalism and high degree of integrity
• Conduct consistent with our Guiding Principles of Integrity, Partnership and High Performance.
If you are looking for an exciting opportunity with a competitive salary and to build a career in an innovative and dynamic investment organization, please submit your resume online. We thank all applicants for their interest; however only candidates selected for an interview will be contacted. Closing date is March 28, 2012.
http://cppib.talcura.com/candidates/SearchJobResults01.aspx?en=1JobCode=2012-03
We thank all applicants for their interest, however only candidates
selected for an interview will be contacted.
CPP Investment Board is an Equal Opportunity Employer.