Real Estate – Asset Manager – Germany

Our client is a global leading Real Estate Manager with a well-established presence in European markets.

They are looking for a new Asset Manager to join on a permanent basis

Main Responsibilities:

1.       Asset Management

•       Implement Asset Management strategy on German related assets
•       Supervise and work closely with third parties (asset managers, property managers, brokers, architects, etc…)
•       Work closely and communicate with deal teams
•       Work to extend/renew agreements with existing tenants
•       Monitor marketing activity for vacant spaces and negotiate leases
•       Supervise the legal activity related to the lease agreements or any issue related to the building itself
•       Ensure that appropriate insurance is in force
•       Monitor the state of repair and condition for each property
•       Monitor quarterly/annual valuation of the properties and portfolio
•       Conduct quarterly financial performance analysis of properties
•       Present information as and when required

2.       Collect and manage the financial data of local third party property managers and leasing agents on a monthly basis report:

•       Check monthly reporting of the portfolio
•       Operating statements compared to the budget and forecast
•       Security Deposit Report
•       Maintaining the occupancy summary and the rent-roll
•       Current and Upcoming Property Activity

3.       Ensure the portfolio reporting for internal requirements and towards third parties:

•       Prepare a quarterly and annual reporting of the portfolio
•       Prepare an approval with Partners of property operating budgets
•       Work on financial analysis, market studies and industry standard reporting (i.e. variance reporting, discounted cash flows, IRR’s, etc.)
•       Review of property capex and other modifications

4.       Disposal proceeds

•       Advice relating to the market position of the properties
•       Oversee the preparation and coordination of data room
•       Implement the exit strategy
•       Oversee the asset disposition process
•       Participate in meetings with consultancies (solicitor, lawyer, brokers)

Requirements:

• Fluent German and English
• 3+ years experience
• Real Estate knowledge