Real Estate Asset Manager - Associate, Germany

Job Description

About this role

Business Unit Overview:

BlackRock Real Assets, part of the BlackRock’s Alternatives platform, manages over $57 billion in private and public real estate and infrastructure equity and debt in the US, Europe and Asia-Pacific. BlackRock’s Real Assets team manages debt and equity real estate and infrastructure 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 all major property types including office, industrial, retail and residential as well as energy, renewables, and general infrastructure projects.

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 assets across Core and Value-add Funds in Germany and the Netherlands, maintaining the performance of the assets, defining and implementing strategies, supporting the underwriting of new acquisitions in close cooperation with the team of the local Head of Acquisitions, steering external operating partners and completing the dispositions when required. The asset manager will work within a team of asset managers across Germany. The role will include attending client meetings and representing our asset and development capabilities on the ground. Close cooperation with the Portfolio management team and other internal stakeholders like legal, tax, accounting, and risk & quantitative analysis group.

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
• Manage operating partners & property managers
• 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. ERVs, investment yield, regeneration areas, product of the future, investment thesis.

Skills/Qualifications

• Experience of working in a leading Real Estate advisory firm, investment bank or private equity fund
• Qualifications such as a CFA or CAIA would be an advantage
• Highly numerate, strong analytical skills and understanding of cash flow models
• Demonstrated experience in real estate markets
• Extensive working knowledge of MS Office (Word, Excel, PowerPoint etc) and Argus.
• Self-starter / results focused / driven / lateral thinker / good communicator / business acumen / enthusiastic / able to work under own initiative / attention to detail
• Team player, flexible attitude, collaborative
• Good verbal and written presentation and communication skills
• Confident and capable of meeting deadlines and working under pressure
• Industry network

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.