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Job Title: |
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Portfolio / Assistant Fund Manager
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Department: |
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Fund Management |
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Division: |
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LaSalle Investment Management (Asia) Pte Ltd |
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Employment Type: |
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Permanent
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Reporting To: |
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Fund Manager |
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Location: |
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9 Raffles Place #37-04
Republic Plaza
Singapore 048619 |
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OBJECTIVE OF ROLE |
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Manage, direct and drive delivery of defined portfolio to achieve fund performance. |
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TEAM |
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Reporting to the Fund Manager |
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ACCOUNTABILITIES |
Portfolio Management
- Develop portfolio strategy, asset allocation, concentration risk—tenant, sector, geography, etc.
- Develop 5 year portfolio strategic plan, provide forecast income capital expenditure and valuation
- Develop annual portfolio budget, provide forecast contributions, distributions and portfolio returns
- Develop and review portfolio financing and disposition strategies
- Review potential acquisitions and potential impact on portfolio
- Ensure fund investment strategy and research views are reflected in all plans
Strategic Asset Planning
- Review, comment and approve:
- Strategic asset plans- leasing, lease renewals, negotiated rent reviews, operations, refurbishment, development and other capex
- 5 year asset plan – forecast assumptions, asset strategies in context of portfolio strategies, income, operating expenses, capex
- Annual budgets – income, operating expense and capex
- Asset programs – leasing, marketing, refurbishment, etc.
- Ensure all reports are accurate and evaluated within the context of the financial outlook for the portfolio
- Review monthly asset performance reports from Asset Managers to ensure that assets are performing to approved plans. Direct and review proposed action plan by Asset Managers for problem assets.
Dispositions
- Review and approve asset disposition strategy in context of portfolio strategy
- Review and approve disposition process, plan and 3rd party contracts / assignments
- Review, direct and approve commercial terms, sales contract, etc. Seek approval for sale contract execution from Fund Manager
Reporting
- Quarterly investor reports – review and ensure accurate, timely production; responsible for writing investor letter and summary of asset updates
- Investor conference – review and provide portfolio performance, asset updates/strategy, market trends/impacts and divestment / capex programs for inclusion in report.
- Advisory Board – review and provide accurate reporting of fund compliance, board requests, etc. Internal reporting – review and ensure accurate reports—assets under management, approved deals, etc.
- Maintain and review portfolio equity commitments, returns relative to pro forma, etc.
- All other ad hoc reporting as needed
Asset and Portfolio Cash Flow Models
- Review and approve asset cash flow, valuation and hold / sell models with analyst and asset managers.
- Ensure models are accurate, reflect realistic assumptions and are aligned with strategic asset plans.
- Create and maintain portfolio model by rolling up asset for use in 5 year portfolio strategic plan and annual budget
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| REQUIRED QUALIFICATIONS AND EXPERIENCE |
- Required: Fluency in English, bachelor’s degree, 7+ years of real estate experience
- Higher certificate of learning including MBA, CFA or additional education desirable
- Asia regional and multi-sector real estate experience desirable
- Strong interpersonal skills, team player, ability to interact with external and internal clients and senior management
- Ability to work independently and within a team environment
- Ability to run and direct project and team from start to completion
- Good writing skills, oral communications and organizational skills
- Ability to identify, focus and address critical issues
- Quantitatively inclined and detail oriented with a focus on deliverables
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