Assistant Vice President Asset Management, Real Estate

Who We Are

Balfour Beatty Investments is a global infrastructure investor operating in the UK, US, and Canada. We provide the investment capability to deliver complex infrastructure projects. Over the past 15 years, Balfour Beatty Investments (formerly known as Balfour Beatty Capital) has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 60 projects worldwide, predominantly in the UK and US.

Balfour Beatty Investments is proud to offer challenging and rewarding work in a variety of functional areas. As a company, we operate with safety and sustainability as our primary focus. Equally integral components of our culture are our values-Integrity, Teamwork, Excellence, Respect-and our code of conduct. Living up to these commitments requires the fresh ideas, insights and talents of employees as diverse as the audiences we interact with every day.

The success of our company is built on the efforts of our employees. We are committed to offering our employees a path to professional success through development, training and mentoring opportunities that cover a wide variety of skills and functional areas.

At Balfour Beatty Investments, our employees are our greatest asset and their well-being means a healthier, more productive workplace. We offer a comprehensive benefits package that includes a variety of health care options, retirement benefits and other flexible benefits.

Our Benefits:

• Discretionary bonuses
• Medical and Dental Insurance 1st of the month following employment
• Health, Flexible Spending and Dependent Care Accounts
• Company paid life insurance
• 401K plan with employer matching
• Robust PTO to include, sick, floating holidays, vacation, and personal days
• 2 Volunteer Days per year
• Company paid short-term and long- term disability, parental leave.
• And more!

About the role
The AVP AMRE is responsible for managing, monitoring, and reporting the financial health of Balfour Beatty Investments Real Estate projects. AVP AMRE will also be responsible for strategic review and financial optimization of the portfolio (refinancings, recapitalizations, restructures etc.).

What you'll be doing

• Monitor performance against business plans through proactive analysis, budgeting and forecasting.
• Monitor the financial performance of each asset against established goals and approved budgets. Identify trends and make recommendations to maximize financial performance.
• Collaborate with property management teams to ensure efficient and effective day-to-day operations, maintenance, and tenant satisfaction.
• Monitor performance of major capital projects against business plans
• Monitor compliance with legal document covenants.
• Coordinate with Property Management to ensure that any local regulations/inspections are adequately managed.
• Construct and implement strategies to attract and retain community residents in partnership with Property Management while balancing long-term needs and performance of assets.
• Conduct regular property inspection to assess maintenance and operational and provide recommended actions, as needed, based upon the budgets and property priorities and needs.
• Provide regular updates on asset performance and strategy.
• Leverage technology and data analytics to enhance asset management processes, decision-making, and reporting.
• Remain informed on local and national market trends, competitor activities, and economic indicators to make informed decisions and capitalize on opportunities in the real estate market.
• Update and present quarterly and semi-annual project performance reports including operational, development and financial status.
• Update underlying financial models with current market trends and budgets. Evaluate return on investment metrics and performance against original business plan. Identify opportunities to optimize asset performance
• Review weekly operational metrics and collaborate with Partners and Property Management to optimize asset performance
• Review monthly financial statements and owner distribution waterfalls. Collaborate with Accounting and Property Management to understand trends and variances
• Provide insight into leasing and management trends for future underwriting
• Participate in strategic investment planning process internally and with equity partners
• Assist in providing rent and expense benchmarks for underwriting new assets

Typical Physical Demands: Regularly uses hands to manipulate phones, computer keyboard and similar tools. Ability to view computer screens, mobile devices, and other electronic equipment, for extended periods of time. Sit and stand to perform administrative work. Regularly lift and move office supplies up to 20 lbs. Work is performed in an office environment. Employee must travel throughout the company footprint as required.

Who we're looking for

• Bachelor's degree in Finance, Real Estate, Economics or related field required
• A minimum of 7 years in asset management/portfolio management, real estate required (multifamily / student housing preferred).
• Experience with financial analysis, forecasting, and relationship building with key stakeholders required.
• Strong working knowledge of the role that physical asset condition and improvements play in asset optimization
• Possession of a valid state issues driver's license and safe driving record are required
• Understanding of commonly used real estate concepts used within operations and ownership.
• Ability to manage multiple projects simultaneously.
• Advanced knowledge of Excel. Understanding of return-on-investment concepts / benchmarks.

www.balfourbeattyinvestments.com

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