Fund Analyst / Associate recruitment
AXA Real Estate Investment Managers is one of the largest real estate fund management businesses, with over EUR 40bn of assets under management. The organisation has an extensive infrastructure of local offices across the globe, with over 500 staff operating in 12 countries, and provides extensive multi-disciplinary expertise across a broad variety of property types. One of those expertises falls in the area of research and strategy, which is considered a core strategic, value-added function of AXA Real Estate IM.
European Added Value Fund is a pan-European real estate fund managed by AXA Real Estate targeting commercial real estate sectors. The Fund has approximately €400 million AUM.
The position will report to the Fund Manager in charge of investment and asset management strategy and work closely with the Fund Finance Manager in charge of monitoring performance and managing financial risk.
Key Accountabilities/Responsibilities:
Transactions
- Contribute to portfolio allocation and investment / disposal strategies, taking into account real estate market conditions, Fund’s and investor’s requirement
- Modelling acquisition and disposal cash flows
- Analyse necessary funding of transactions (Sources Uses)
- Contribute to investment memoranda
Asset Management
- Contribute to the closing of the transactions with local counsels and acquisition team.
- Manage and oversee processes for asset management and quarterly budgeting (Asset Plans/property business plans including leasing assumptions, capex budget, opex budget, exit strategy) with the support of asset managers;
- Analysing portfolio and contributing to the Fund’s asset management strategy
- Assist in setting and reviewing objectives with asset managers
- Collecting from asset managers regular updates on the properties (rent rolls, capex, opex) and analyse resulting portfolio
- Control of asset management initiatives (leasing, capex, etc) and variance analysis
Financing
- Monitoring quarterly real estate property valuations
- Assist in setting up external financing or currency/interest rate hedging;
- Reporting
- Assist in following up of financing covenants and reporting to banks;
- Assist in collecting quarterly update on the properties from Asset Managers (rent rolls, capex, opex, etc) and analyse resulting portfolio
- Assist in collecting and reviewing quarterly Accounts of fund and subsidiaries;
- Contribute to regular written reporting to investors and investor presentations; Forecasting/budgeting/controlling
- Follow up of the cash flows of the fund (treasury at the local and consolidated level);
- Follow up of property business plans and analyse portfolio
- Follow up of accounting budget to monitor tax/legal structure of the fund;
- Responsible for monitoring and forecasting of Fund KPI’s (Debt, Distributions, Returns, Capital Management, Risk Exposure etc)
- Assist in establishing and implementation of the Asset Level and Fund Level business plans and budgets
Key Skills/Competencies required:
- Previous work experience in real estate investment management is essential
- Strong negotiation skills
- IT skills (cash flow analysis and forecast)
- Knowledge in financial engineering, corporate legal and accounting
- Good presentation skills
- Excellent Analytical skills
- Organised and rigorous
- Fluency in English is required. A second European language is an advantage
- Ability to evolve and communicate in international environment