Asset Manager
About the Company
Our purpose is to build prosperity by investing in resilient real assets. Our vision is to be a trusted investment manager, respected for our expertise in restorative real estate investment enabling people, communities and eco-systems to thrive.
We are a dedicated real estate and real-estate debt specialist managing €25.5bn on behalf of institutional investors globally. Our global platform of 16 locations enables us to combine a truly global perspective with local expertise to offer investors a range of compelling strategies.
The firm has over 30 years of experience delivering real estate strategies for investors, with over 400 staff dedicated to positive client outcomes. Our strategies span the office, logistics & industrial, retail, living and debt sectors, and have been designed with the flexibility to meet the needs of a wide range of investors.
Responsible investment is integrated into our investment-management process to ensure that responsible investment risks and opportunities are not siloed, but recognised and acted upon throughout our business, as well as communicated to investors.
Savills Investment Management: Resilience. Responsibility. Results.
Job Purpose
As an Asset Manager you will be responsible for the pro-active asset management of a range of logistics and office real estate assets. You will be expected to hold strong communication skills, as well as proven relevant practical experience. Your primary responsibility will be to analyse property performance, assess market trends, and develop strategies to maximise the financial returns to optimise the portfolio of assets.
The role will involve working across multiple disciplines and asset cycles, as such you will be expected to create and maintain relationships with various stakeholders, both internally and externally, to make informed decisions that drive portfolio growth and profitability.
Role Responsibilities
Responsibilities and tasks include, but are not limited to:
• Strategic and pro-active asset management of a range of commercial real estate assets, including logistics and office asset classes.
• Providing effective day to day support to the Portfolio Managers.
• Implementation of asset management initiatives including lettings, rent reviews, lease re gears, refurbishments, hold / sell analysis.
• Active involvement in due diligence and onboarding of any new assets acquired ensuring a smooth handover from the transaction team.
• Day to day direction of appointed consultants including property managers, letting agents, rent review surveyors, lawyers and valuers.
• Preparation and implementation of annual business plans to optimise performance in accordance with fund strategy.
• Financial cash flow modelling, performance reporting and evaluation of proposed initiatives.
• Regular external and internal reporting and client liaison, including preparation of quarterly reporting and adhoc report requests
• Coordinating with internal teams within Savills IM including Treasury, Finance Managers, Transactions and Research & Strategy to ensure business plan and client advice is supported by all relevant stakeholders.
• Preparation and delivery of board recommendations.
• Implementation of Responsible Investment (i.e. ESG and impact) requirements in accordance with company objectives, policies and procedures, including fund ESG programmes.
• Ensuring fund net zero carbon emissions objectives are met (where relevant for the role).
• Management of Budget vs Actual Expenditure
• Supporting the Fund Manager and Finance Team in creating and updating the financial figures in asset plans, including asset and project budgets, processing payments from accounts and providing supporting information to the Fund or Finance Manager or the client on a regular basis.
• Prepare and present capital expenditure and refurbishment proposals to the TAC and all other fund committees. Monitor capex works in terms of time, quality and cost budget.
• Supporting the Fund Manager to update the Fund’s independent valuers on a quarterly basis, checking draft and approving final valuations.
• Supporting the Fund Manager and/or the Transaction Manager on certain purchases and sales by preparing papers and presentations to the TAC Committee and clients.
• Supporting the Fund Manager in the preparation of quarterly performance analysis for the Fund and providing information to IPD for checking, where necessary.
• Supporting the Fund Manager in the preparation of quarterly Manager and Supplementary Client Reports to include activity in the Fund, forecast cash position, updating on development activity and details of purchases and sales.
• Supporting the Fund Manager in preparing summary information for internal review meetings and reporting to the PMC Committee.
• Supporting the Fund Manager and Fund Director in attending presentations with the Clients and their advisors to report performance and strategy, where necessary.
Job Requirements
• Demonstrate strong commercial property asset management experience of 2-3y , a background in logistics and office asset management is desired
• Ideally hold a Real Estate degree, and RICS qualified
• Good Excel skills including financial modelling of appraising a wide range of asset management initiatives
• Competent with landlords & tenants, particularly regarding agreements for lease and lease/ rent reviews • Ability to work independently and as part of a team
• Self-motivated, determined and diligent
• Excellent communication skills with ability to present both verbally and in written reports with good attention to detail.
• Bilingual French/ English
We are a committed equal opportunities employer and welcome applications from all individuals, regardless of age, disability, gender, sexual orientation, race and religion. We are focused on fostering a culture and environment that allows for inclusion and diversity throughout our business. Savills IM offers several employee led forums which provide support and guidance around Diversity & Inclusion, as well as ensuring our principles are built in to all of our processes, practices and expectations.
- Department
- Investment
- Locations
- Paris
- Employment type
- Full-time
Paris
Our Benefits
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Competitive Holiday Allowance
We recognise the importance of time away from work and offer competitive annual leave -
Global and Local Networking
Join in the fun of our social events, from holiday parties to summer hikes with your office colleagues. -
Rewards for you
We reward our employees for loyalty and performance, and offer competitive salaries and performance bonuses. -
Time for what matters
Our volunteering/charity days afford you the opportunity to give back to local communities, from soup kitchens, to canal clean-ups and bake sales.
Our people are at the core of everything we do
With offices in over 15 locations globally, Savills IM employees love to get together when they can, to network, learn, collaborate and most importantly have fun!