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SalaryWe are seeking a Construction (Development/Fund Monitoring specialist) Director, with real estate Development/Construction and Asset Management experience who will report into the General Partner.
Client Details
Our client is a private investment firm that invests across the capital structure into European asset-backed opportunities. They specialise in providing private capital solutions across real estate, infrastructure, hard asset and financial asset markets.
The firm is focused on European small to mid-cap special opportunities and provides asset-backed capital solutions to small and mid-cap businesses and institutional investors.
They current manage approximately $4 billion of discretionary capital on behalf of pension funds, endowments, foundations, and other institutional investors.
Description
Construction Director (Development/Fund Monitoring specialist)
The role:
- Oversight and day-to-day management of complex construction assets or loans;
- Construction risk management throughout the life cycle of the investment Working with the investment team to review new opportunities;
- Working with the asset management team monitoring and assessing progress of the developments;
- Assessing the suitability of counterparties, contractors and professional teams;
- Reviewing construction costs and programme of new deals;
- Implementing procedures for Due Diligence;
- Managing external construction teams and design teams;
- Managing external enhanced monitoring teams;
- Working with external monitoring surveyors accessing the technical due diligence of new deals;
- Reviewing monthly monitoring surveyor reports;
- Tracking construction cost and programme changes across the projects;
- Approving UTR requests for construction related drawdowns;
- Visit sites to meet with the sponsor, contractors and professional team;
- Identify discrepancies in budgets, reports and ongoing projects, recommend appropriate remedies for these discrepancies and where necessary to challenge borrowers and third parties. Support re-underwriting of budgets by providing relevant comps.
Profile
Construction Director (Development/Fund Monitoring specialist)
Skills & Experience:
- Chartered Surveyor (RICS qualified) Quantity surveyor or Building surveyor/ Highly analytical & numerate / Risk management & reporting / Real Estate Construction AM;
- Minimum 15+ years' experience in real estate development / construction / asset management;
- Highly diligent, hands on and process driven;
- Persistent and organised;
- Strong planning, organisational, negotiation and analytical skills;
- Spanish speaking and a track record of managing projects in Spain will be considered advantageous.
Job Offer
A competitive salary and bonus structure
