PRUPIM
PRUPIM, the property arm of MG Investments and a subsidiary of Prudential plc, is one of the largest commercial real estate investors in Europe managing property portfolios with a total value of over £15bn. It is also recognised as one of the most innovative property fund managers in the world. Opportunity To provide a high quality and efficient Transaction Management service in support of UK and international capital investment activity for all client funds under management. To providing technical leadership and supervision, and seeking to develop their skills and knowledge.
Key responsibilities 1. Collate and interpret basic heads of terms and property information and convert these into firm propositions that accurately represent the intended basis of the transaction from both parties point of view and take full advantage of each situation for the client fund. 2. Negotiate the most advantageous terms available in the contract documentation to both reduce risk and maximise returns to client funds. 3. Ensure all transactions are seen through to completion within defined timescales, costs and delegated authorities. 4. Exercise judgement on behalf of the Clients in monitoring, in accordance with relevant standards of performance, the services provided to PRUPIM by our legal advisors, including bringing to the attention of the Manager of Legal Services any significant concerns. 5. At an early stage provide technical advice and guidance to investment professionals so that potential tax and cashflow returns available are fully exploited. 6. Reduce risk by structuring and negotiating investment transaction documentation to protect the client funds position. 7. Assume role of client interface for solicitors to comment upon/approve drafting and provide instruction. 8. Comply with PRUPIM's money laundering obligations to ensure compliance with legal obligations. 9. As directed by the Team Manager to oversee and co-ordinate specific fund activity. 10. Co-ordinate the receipt or provision of information from solicitors whether of a property or contractual nature and disseminate as appropriate to PRUPIM or its advisers. 11. Analyse VAT, CIS, Capital Allowances and stamp duty options and implement necessary tax treatment of transactions to ensure compliance with legal obligations, in conjunction with the relevant tax specialise 12. Co-ordinate and direct the inputs of others to the transacting process (e.g. accountant, tax specialists, specialist legal advice or in-house teams) to ensure efficient and timely processing of investment transactions, including chairing take-on / take-off team meetings and ensuring tasks allocated and completed by PRUPIM colleagues as part of transacting process. 13. Compile and maintain development funding accounts to ensure timely and compliant payment of costs and profit. 14. To authorise timely payment of receipt of completion monies and profit payments and settle invoices / authorise payment of fees. 15. Examine, review and modify standard forms of documentation to safeguard client funds interests, including Sale Agreement, Purchase Report and DFA's standard form. 16. To maintain and adhere to the practices set out in the purchase, sales, funding and indirect investment manuals and risk control profiles. Including ensuring that Group Tax input is taken at the earliest practical stage, and then throughout the course of the transaction. 17. To coordinate the formation or purchase of a structure including any nominee or subsidiary company that supports the investment transaction. Inc. undertaking of due diligence, appointment of directors and approval of the recording of minutes of meetings. 18. Provide a timely and accurate progress/event reporting facility to all interested parties so that IPD, money ordering, tax return and financial accounting tasks etc., may be undertaken by others in a timely fashion. 19. Post completion to ensure that all-contractual obligations both to and from the client fund are discharged and that any correspondence received direct or via lawyers is immediately referred to the relevant team. 20. To obtain necessary consents from Prudential/MG (re admissibility, new subsidiaries etc.) as and when appropriate for complex / indirect investment transactions. 21. Consider and where necessary draft and negotiate confidentiality agreements. To coordinate the input of MG Property Fund Services, Group Tax and JLT into International transactions 22. Assist and work with the Product Development Team in respect of new funds being set up and changes to the structure of existing funds. 23. To understand and demonstrate positive behaviours in line with our corporate values.
What we are looking for
* Experience of working in the legal sector at a senior level * Self-starter, able to use own initiative. * Excellent interpersonal skills with an ability to communicate at all levels with the organisation and externally. Good IT skills including working knowledge of Microsoft office package * Ability to lead and direct a professional team is desirable but not essential.
What we offer: A highly competitive salary and benefits package
We are committed to recruiting on merit after fair and open selection, and we welcome applications from a diverse range of candidates.
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