BlackRock Real Estate Asset Manager, Associate in Frankfurt, Germany

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

Description:

BlackRock Real Estate, part of the BlackRock’s Alternatives platform, manages over $22 billion in private and public real estate equity and debt in the US, Europe and Asia-Pacific. BlackRock’s Real Estate team manages investments on behalf of public and private pension plans, insurance companies, foundations, endowments and private investors. The platform manages a broad array of investment strategies, including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses many major geographies as well as all major property types including office, industrial, retail.

Job Purpose/Background:

We are seeking an associate level asset manager to support the growth of the Real Estate platform, based in Frankfurt. The role will consist in managing the existing assets, maintaining the performance of the assets, defining and implementing strategies, completing the dispositions when required. The asset manager will work with a team of asset managers and report to the Director of Asset Management. The role will include attending client meetings and representing our asset and development capabilities on the ground. Where relevant, they will also support the acquisition team and the growth of the platform.

Key Responsibilities

  • Define the best asset and development management strategies

  • Report in a timely manner to obtain different necessary approval to implement the strategy

  • Appoint all relevant third parties and negotiate contracts e.g. lawyers, notary, tax advisors, developers, property manager, marketing and communication agency, architect, engineering, quantity surveyor, leasing agents, investment agents

  • Manage any development works performed on assets. From speculative development to heavy refurbishment, under any type of contract

  • Manage the marketing and communication strategy

  • Lead negotiations with tenants and prospects

  • Recommend decisions based on detailed analysis supported by modelling

  • Lead relationship with the banks who have financed the asset over the life of the project

  • Maintain the performance of assets and make sure all processes are in place e.g. insurance

  • Make sure collected rent are in line with tenancy schedule and work on the optimization of service charges

  • Create in house view regarding tax structure, market rent and investment yield

  • Perform hold/sell analysis on a quarterly basis

  • Manage dispositions of assets.

On top of their day to day job, the associate will need to build an in house market view e.g. ERV, investment yield, regeneration areas, product of the future, investment thesis.

Knowledge/Experience

  • Track record in asset management and development

  • Previous experience in real estate investment preferably gained in the German real estate market

  • Preferably experience from international company

  • Analytical skills and understanding of cash flow models;

  • Excellent understanding of property as an asset class;

Strong network with industry contacts, architects, general contractors, engineering

Skills/Qualifications

  • Strong degree in Finance, Business Administration, Engineering school or Real Estate (or equivalent) preferred.

  • Excellent Excel, Word and Power Point skills

  • Strong professional German and English communication skills; both oral and written level required;

Job Function: Investment Management (Trading, Research, Portfolio Management)

Organization: Inv-Alt-Real Assets

Title: Real Estate Asset Manager, Associate

Primary Location: EMEA-Germany-Frankfurt

Requisition ID: 172976

Job Posting: Sep 29, 2017, 3:41:14 AM

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