Fund Manager

12 hours ago


Johannesburg, South Africa Growthpoint Properties Full time

Job Purpose

The Fund Manager - Student Accommodation Fund is responsible for deal origination and execution as well as the strategic management and implementation of the Student Accommodation Fund. The position reports to the Executive - Funds Management.

Budget Responsibility

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 to R10bn through M&A, acquisitions, and new developments.

Duties and responsibilities
- 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

**Qualifications**:
BCom degree in Finance/BSc Property Studies/ BSc Engineering
Master’s Degree in Business Administration (MBA) or equivalent financial qualification.

Experience

? 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
? Demonstrable ability to present to the Investment Committee.
? Knowledge of and the ability to structure deals
? Interpreting legal agreements

Competencies

Strategy Formulation and Execution:
Results-orientated, ability to set strategic goals, long-term work plans and strategic capital allocation.

Leading & Building Diverse Teams:
Enables and empowers the team to implement and execute the strategic vision. Builds, develops and retains a diverse pool of high potential and scarce talent for the benefit of the business.

Stakeholder Relationships:
Exceptional interpersonal skills and engaging style. Builds consensus amongst diverse viewpoints and champions the interests of all stakeholders in a balanced manner.

Communication and strong negotiating skills:
Exceptional communication skills to convey appropriate messages in one-on-one and group situations, including interactions with employees, counterparties, the media, regulators, equity analysts, shareholders, and large audiences in a variety of industry forums or during a crisis.

Knowledge of the Field:
Sound knowledge, expertise, and practical wisdom in the field of real estate investment, property management, industry fundamentals and funds management, and the associated legislation. Understands and can manage the interplay between disciplines and can seize on attractive opportunities presented.

Problem Solving and decision-making:
Astute, innovative problem-solver and sound decision
- maker, able to act decisively and timeously, even in data poor circumstances with intense time constraints. Able to anticipate problems and opportunities and act accordingly.

Resilience & Adaptability:
Ethical & Values Driven:
Trustworthy with highest standard of ethics, integrity, and professionalism. Deeply values and embraces a culture of trust, respect and openness. Promotes a focus on health, safety and security, the responsible stewardship of the environment and community interests, and excellent governance.

Cultural Acumen:
Knowledge of working in challenging jurisdictions and able to operate effectively across cultures and geographies.
Understanding the Economic Environment, while remaining focused on the Detail:
Has the ability to understand global trends and opportunities in relation to the industry, whil


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