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Interim Head of Asset Management

£600 - £800 Per Day

UK / Greater London

Real Estate, Asset & Property Management

Freelance / Interim

Job Description

REF: 15280
Posted: 04 February 2020
Closes: 23 February 2020

About the client

On behalf of our client, a private sector property developer and asset manager, MRG Interim Executives are currently recruiting for an Interim Head of Asset Management take on a 3 to 6-month contract. Based in Central London, this role will support a multi-property portfolio as our client goes through a period of change. This role will be responsible for well-known Central London assets, across both super-prime residential and commercial office.

Background

The Interim Head of Asset Management, you will work with the Property Director and wider internal team. Direct responsibilities include:

  • Management of the entire portfolio properties across the UK, focused around London and the SE
  • Where appropriate, directly negotiate leases, rent reviews and lease re-gears to enhance commercial value and landlord and tenant relations.
  • Assume responsibility for the execution of individual asset level and venture level business plans including monitoring performance against budgets, income and cost control, project timetables and exit strategies.
  • Prepare internal quarterly valuation reports and develop and maintain financial projection models in Excel.
  • Financially appraise and monitor all capital expenditure programs with tenant retention, competitive positioning, marketing and asset re-positioning as a top priority.
  • Develop and establish high-quality commercial relationships with the firm’s direct tenants, joint venture partners, external service providers and professional teams.
  • Ensure that all other stakeholders, including any banking partners, are effectively and professionally communicated with and managed.
  • Select, instruct and manage all third-party service providers, to ensure consistency in approach, leveraging specialist skills and achieving efficiency cost savings.
  • Where appropriate, institute monthly, quarterly and annual reporting requirements for all external advisors to ensure full transparency and accountability by all related counterparties.
  • Take ownership of asset management reports to investors and present asset management performance reviews on a regular basis with the team and, from time-to-time, the fund's investors.

Candidate Requirements

As an experienced Asset Management leader, you will meet the following requirements

  • At least 8-12 years of real estate experience; previous asset management and development experience required.
  • Demonstrable hands-on asset management experience across Central London
  • Strong leasing experience
  • Relevant asset management experience within a real estate private equity fund, real estate investment manager or real estate asset manager
  • Track record of undertaking repositioning, redevelopment and refurbishment of assets and portfolios
  • Hands-on asset management experience across direct real estate and operating partners, ideally with value-add and income producing assets

What you’ll get in return

In return, you will be offered the opportunity to take on an exciting, client-side role that you can truly make your own, working on one of the country’s best-known property portfolios. You will also be offered a competitive daily rate. Consideration will be given to those working both inside and outside of IR35 regulations.

What to do now

For a confidential discussion, please contact the retained recruitment advisor handling this assignment - Matt Donovan (Matthew.Donovan@mrgpeople.co.uk) of The Management Recruitment Group on 07964 465 343.

Applications should consist of a CV and a supporting statement.

Campaign Timeline

Applications close on Monday 24th February at 9am, however candidates will be interviewed on a first come first served basis and the role may be filled earlier than the closing date.

You will be asked to attend an interview in person in London. Should you be unable to attend in person, a Skype interview will be offered. If you require any reasonable adjustments to be made at the interview stage, please inform us.

Equality & Diversity Statement

MRG Interim Executives shall not discriminate unlawfully when deciding which candidate/temporary worker is submitted for a vacancy or assignment, or in any terms of employment or terms of engagement for temporary workers. MRG Interim Executives will ensure that each candidate is assessed only in accordance with the candidate’s merits, qualifications and abilities to perform the relevant duties required by the particular vacancy.