Associate Director of Portfolio Management, US Real Estate Equity, L&G, Asset Management - America

LegalAndGeneral • Chicago, IL

4d

About The Position

The Director, Portfolio Management will focus on investment strategy and portfolio performance for the US Real Estate Equity platform across sectors and clients in addition to having direct asset management and acquisitions responsibilities for specified assets. They will work with both internal and external clients in marketing strategy and product, initial due diligence, onboarding, and client support. The role will support the build-out of the US Real Estate Equity team in execution of the strategic growth plan. Reporting to the Head of Investments and Portfolio Management, the Director, Portfolio Management will support the implementation and execute the growth plan and work alongside various functions including the Acquisition Team, Asset Managers, Operations, Legal, Property Risk, Accounting, Client Portfolio Management, Distribution, and the LGIM RA team in the UK. Highly visible role with both internal and external clients. Additional responsibilities across acquisitions and asset management focusing on portfolio construction, asset allocation, and portfolio performance. Support Head of Portfolio Management in development investment programs, guidelines and monitoring procedures to oversee the existing portfolio, performance and identify new investment opportunities; conduct and research on market trends to inform investment recommendations in line with the UK business but with focus on addressing governance needs in the US Manage multiple stakeholders to implement investment programs and establish timelines for delivery Alongside US Head of Real Estate Equity and Head of Investments and Portfolio Management, develop, maintain, and manage affiliate and JV partner teams Workstream lead and client relationship for internal annuity client, UK and US, strategy approvals (including structuring, credit, tax, legal, operations, reporting) Prepare and respond to external client request for materials during fund marketing, due diligence, RFP, investment period, and throughout fund period Manage and deliver presentation and materials for board meetings, investment committees, risk committees, management/group investment committees, external clients Working alongside Acquisitions team, identify potential allocation of opportunities at pre-screening and support on development and realization of new real estate investment opportunities (including throughout underwriting and due diligence phase) Working alongside Asset Management team, closely monitor asset level performance and drive portfolio level performance Responsibility for portfolio cash management and maintaining cash on cash yield / performance Responsibility for producing hold / sell analysis and producing recommendation materials to required committees and, where needed, to investors entities Work with Client Portfolio Manager, Head of Research, and marketing to produce presentations, market updates Undertake portions of operating model development with US and UK teams to incorporate portfolio management requirements (performance, benchmarking, reporting) As AuM grows, build out the Portfolio Management team

Requirements

• Undergraduate degree required; advanced degree preferred
• 7+ years of hands-on practical experience in industry
• Strong knowledge and understanding of the commercial real estate market. annuity transactions and real estate debt market
• Excellent quantitative skills (e.g. cashflow modelling using excel and/or bespoke programs; deep numerical aptitude; strong financial modelling ability and problem-solving skills including ability to identify logical solutions
• Straight forward communication of investment opportunities to clients and feedback from clients to the investment team
• Ability to understand and articulate complex portfolio management concepts effectively
• Strong written and verbal communication; familiarity with report writing for a variety of audiences; ability to present confidently to senior stakeholders/ executive teams.
• Ability to foster effective relationships between colleagues from different backgrounds (development/ investment/ financial / structuring) to bring skill sets together.
• Organized and able to prioritize, with the ability to manage multiple projects simultaneously under time pressure and with accuracy
• Team player, ability to work independently and proactively to take ownership of tasks, as well as part of a team.

Responsibilities

• Investment strategy and portfolio performance for the US Real Estate Equity platform across sectors and clients
• Direct asset management and acquisitions responsibilities for specified assets
• Work with both internal and external clients in marketing strategy and product, initial due diligence, onboarding, and client support
• Support the build-out of the US Real Estate Equity team in execution of the strategic growth plan
• Support the implementation and execute the growth plan
• Work alongside various functions including the Acquisition Team, Asset Managers, Operations, Legal, Property Risk, Accounting, Client Portfolio Management, Distribution, and the LGIM RA team in the UK
• Support Head of Portfolio Management in development investment programs, guidelines and monitoring procedures to oversee the existing portfolio, performance and identify new investment opportunities
• Conduct and research on market trends to inform investment recommendations in line with the UK business but with focus on addressing governance needs in the US
• Manage multiple stakeholders to implement investment programs and establish timelines for delivery
• Alongside US Head of Real Estate Equity and Head of Investments and Portfolio Management, develop, maintain, and manage affiliate and JV partner teams
• Workstream lead and client relationship for internal annuity client, UK and US, strategy approvals (including structuring, credit, tax, legal, operations, reporting)
• Prepare and respond to external client request for materials during fund marketing, due diligence, RFP, investment period, and throughout fund period
• Manage and deliver presentation and materials for board meetings, investment committees, risk committees, management/group investment committees, external clients
• Working alongside Acquisitions team, identify potential allocation of opportunities at pre-screening and support on development and realization of new real estate investment opportunities (including throughout underwriting and due diligence phase)
• Working alongside Asset Management team, closely monitor asset level performance and drive portfolio level performance
• Responsibility for portfolio cash management and maintaining cash on cash yield / performance
• Responsibility for producing hold / sell analysis and producing recommendation materials to required committees and, where needed, to investors entities
• Work with Client Portfolio Manager, Head of Research, and marketing to produce presentations, market updates
• Undertake portions of operating model development with US and UK teams to incorporate portfolio management requirements (performance, benchmarking, reporting)
• Build out the Portfolio Management team

Benefits

• health insurance with an optional HSA
• short term disability
• long term disability
• dental insurance
• vision care
• life insurance
• Healthcare, Dependent and Limited Care Flexible Spending Accounts
• 401K
• vacation
• sick time
• an employee assistance program
• commuter and transit programs
• supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1-10 employees