BTR Investment Associate

Posted 01 August 2022
Salary£55000 - £65000 per annum
LocationLondon
Job type Permanent
DisciplineInvestment, Land, Development & Technical
Reference010822_1659368632
Contact NameHannah Taylor

Job description

Our client is one of London's leading developers, with a focus on creating sustainable living spaces. They are well-known and have exciting growth plans.

They are seeking a strong investment associate to join their friendly team; reporting into the Investment Director.

Land Acquisition - New Deal Underwriting

  • Detailed financial modelling to assist in the acquisition making process and support investment decisions
  • Underwriting lead on pipeline and existing legacy deals, informing assumptions and values through a comprehensive evidence based financial modelling approach
  • Present analysis, deal strategies and defend underlying assumptions to senior stakeholders in the business for bid submission settlement meetings
  • Manage various inhouse and external providers to gather inputs and critically evaluate their data to inform robust and defensible underwriting assumptions
  • Support the land team on financial appraisals, new deal negotiations and closing by providing values, preferred cash flow structuring and sensitivity analyses
  • Support in informing transaction structuring based on investor requirements using cash flow models
  • Support in educating the teams on the requirements and technicalities of rigorous BTR underwriting approach

Capitalisation Support:

  • Support in capitalisation of deals through forward funds, equity co-invest or debt
  • Create professional capital raise materials and support in presentation of investment opportunities to institutional equity and debt investors
  • Gather and present evidence to corroborate underwriting assumptions to capital and IC
  • Respond to investor queries for further data or modelling requests
  • Communication with equity/debt capital, to understand their requirements and modelling approaches, and present and defend deal underwriting and assumptions

Investment Committee:

  • Creation of investment committee materials in conjunction with land team, including detailed sections presenting the financial analysis of the proposed transaction, supported through evidence-based cash flow modelling
  • Conduct scenario and sensitivity modelling that helps inform investment strategy and support investment committee requests

Requirements:

  • >5 years of real estate investment or asset management experience
  • Outstanding financial modelling skills in Microsoft Excel, with previous experience using complex financial models to inform investment decisions
  • Solid understanding of investor requirements for transaction structuring, valuation metrics and data needs, and experience in dealing with investor queries
  • Cradle-to-grave deal experience desirable
  • Self-motivated and proactive, both with respect to managing workload and having the resourcefulness to figure out 'difficult to find' solutions
  • Excellent written and verbal communication and strong attention to detail
  • Understanding of UK BTR market desirable
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