Fund Manager

15 hours ago


Sandton, South Africa Ability Recruitment Full time

**Gauteng**
**,**
**Sandton**

**R 1500000**
- **R 1800000**

**Annually**

**The main purpose of this position is to be responsible for deal origination and execution as well as the strategic management and implementation of the Student Accommodation Fund.**

Initially managing approximately R200m of net property income for the Fund and R25m of revenue for the Management Company, (“Manco”). The Student Accommodation Fund, (the “Fund”) initially has assets of R2 billion and a further c.R500m under development. The target is to grow the assets under management toR10bn through M&A, acquisitions, and new developments.

**REQUIREMENTS**:

- BCom dree in Finance/BSc Property Studies/ BSc Engineering
- Master’s Degree in Business Administration (MBA) or equivalent financial qualification.
- 10 years minimum experience in investment, property asset management or investment banking
- Must have operated at senior management level for at least 5 years
- Building and interpreting financial models
- Demonstratable ability to present to the Investment Committee.
- Knowledge of and the ability to structure deals
- Interpreting legal agreements

DUTIES:
Deal Origination and Execution
- Originate, analyse, structure and present acquisition and development opportunities to the Investment Committee
- Undertake due diligence on potential opportunities, including detailed financial analysis
- Execute identified transactions
- Brief attorneys and review legal agreements

Portfolio Management
- Regular property portfolio visits
- In-depth understanding of the performance drivers of budget vs actuals for quarter, half year and year end
- Portfolio performance reporting to various committees and investors
- Work closely with the Valuations Team to ensure the consistency of periodic valuations

Fund Raising
- Work closely with Treasury to secure debt funding for new acquisitions or developments
- Raise equity capital for existing and new opportunities and collaborate closely with the Executive Funds Management and the Head of Funds Capital Raising

Market Intelligence
Develop an in-depth understanding of the following:

- Sector macro-economic fundamentals
- The competitor environment
- Legislative environment

Stakeholder Management
Build relationship with various stakeholders:

- Universities
- Industry players
- Prospective and existing investors
- Property Manager
- Internal stakeholders — Finance, Valuations, Risk, Development Team, Company Secretarial etc.

Reporting and Admin
Arrange and manage Fund related meetings (including reviewing of Minutes of Meetings) in accordance to Company Secretariat annual calendar for:

- Board of Directors
- Audit & Risk Committee
- Advisory Committee
- Annual General Meeting
- Deal Forum
- Management Committee

For more information please contact:
**Jessica Jones


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