Portfolio Manager at a rapidly expanding real estate development & investment organization (100K+)

Job Description

On behalf of a rapidly expanding real estate company based in Amsterdam, focused on real estate development and investment, we are currently and actively recruiting for a Portfolio Manager. This concerns a newly established business owned by a prominent institutional investor, with a focus on building an extensive, pan-European real estate portfolio.

The organization is ambitious and goal-oriented, with high aspirations in the areas of professionalism, growth, ethics, and innovation. Starting from January 2024, the company will be operational, initially with a compact group of professionals but rapidly expanding in size.

The Portfolio Manager oversees and manages a portfolio of properties owned and operated by the platform. This involves optimizing the performance of each property, ensuring they meet financial goals, proposing and together with colleagues implementing strategies for asset enhancement, monitoring market trends, and mitigating risks associated with property ownership and management. Essentially, the Portfolio Manager reports on the financial performance of the assets in the portfolio, discovers and analyses underlying drivers of this performance and proposes strategies to enhance operational, financial and value creation KPIs in the portfolio. The Portfolio Manager then works with the wider team to ensure implementation of agreed measures.

Responsibilities

Asset management

• Develop and together with colleagues implement strategic portfolio management plans for the assets, aligning with overall business objectives and shareholder requirements.
• Monitor and analyse asset performance, including financial performance, occupancy rates, lease expirations, and market trends.
• Conduct financial analysis, including revenue forecasting, expense management, and budgeting, to optimize asset performance and maximize returns.
• Oversight of the financial models across different assets to monitor asset and deal level returns (cash flow forecasts with a focus on both operational assumptions and the capital structure of a business).
• Determine the financial viability of refurbishment and other strategic projects.
• Onboarding of new acquisitions into the existing investment portfolios.
• Actual v Budget analysis and detailed analysis on performance v market indicators and macro environment.
• Propose creative financing solutions on each asset, and assist in negotiating and executing new debt packages where required.
• Signal to senior management the need for corrective measures when early warning signs exist on performance issues.

Reporting

• Prepare and co-ordinate regular financial reports and presentations for senior management and shareholders, providing insights into asset performance and market trends.
• Communicate regularly with stakeholders to provide updates on asset performance, investment strategies, and market developments.

Risk management & Compliance

• Monitor project and fund compliance with regulatory requirements.
• Identify and mitigate risks associated with asset ownership.
• Monitor changes in regulations and industry standards, implementing appropriate measures to maintain compliance and mitigate risks.

Other

• Additionally, it may be required to perform various duties and responsibilities beyond those outlined in this role profile job description as needed.

Team Leadership

• Motivate and inspire team member and colleague; foster a positive, inclusive, and collaborative work environment in which team members can perform and develop to the best of their abilities.
• Establish performance goals and objectives for team members, conduct regular performance evaluations, and provide constructive feedback to support their professional growth and development.
• Uphold ethical standards and promote compliance with organizational policies, procedures, and regulatory requirements among team members.

Qualifications

• Bachelor's degree in Real Estate, Finance, Business Administration, or other quantitative studies. Advanced degrees such as a Master of Business Administration (MBA), Master of Finance (MFin), or Chartered Financial Analyst (CFA) is a plus.
• 8+ years’ experience of transaction experience in a commercial or residential real estate sector, demonstrated track record of underwriting and asset and portfolio managing complex real estate investments across Europe.
• Background at a Real Estate or Private Equity fund with ideally Residential experience.
• Track record in Investor Reporting and financial fund management.
• Comprehensive knowledge of real estate markets, investment strategies, and asset classes.
• Demonstrated ability to analyse and interpret complex documents, spreadsheets and financial data sets and respond effectively to sensitive inquiries.
• Fluency in working English is mandatory, additional language(s) is/are an asset (esp. Dutch, Spanish, German, Italian).

Compensation

Our client offers a highly challenging and pivotal role within a new and groundbreaking real estate platform. Without a doubt, this is the most compelling and innovative real estate initiative in Europe in 2024.

In addition to the substantive professional challenges, our client naturally offers excellent primary and secondary employment conditions, commensurate with the complexity and responsibility of the role.

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Solid Recruitment is an international recruitment agency which offers unique career opportunities in the real estate sector. We are recruiting exclusively for this position.

If you are interested in this position please send your application to Jaron Bollegraaf (bollegraaf@solid-recruitment.nl) and for questions you can contact him on this number +31(0)6–43038333.