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Form of work
Salary Canada Life Asset Management manages over £41.9bn in fixed income, global equities, UK property and multi-asset solutions. Our investment options are designed to support our investors and their clients in meeting their long-term objectives.
Our solutions
Each of our offerings has been built for a purpose, whether it sits at the core of a portfolio to provide long-term growth or to offer access into a specific global market. Our 40-year plus history as asset managers means we have the expertise to provide high quality multi-asset and risk-profiled solutions as well as attractive equity, fixed income, alternative funds, and real estate finance.
Our heritage
Our parent company, Great-West Lifeco, is a financially strong and stable global organisation, with total assets under administration of £1,341bn. We also have more than 31 million customers worldwide. As the oldest Canadian life assurance company, Great-West Lifeco's foundations trace back to 1847 - meaning we've been helping our customers plan for the future for more than 170 years.
Our team
Canada Life Asset Management has over 100 colleagues and includes more than 50 experienced investment professionals, with almost 20 years' average industry experience and ten years' average tenure at Canada Life Asset Management.
Job Summary
Working within the Real Estate Finance team focusing on the property which forms the loan security reporting to the Head of Real Estate Finance. The section provides specialist property support to the origination, loan management and credit risk functions managing key activities where a core real estate skill set best enables related risks to be managed most effectively
What You'll Do
• Undertake property due diligence on property security for both new transactions and existing book substitutions including management of external consultants such as property lawyers, valuers and building surveyors together with associated site inspections
• Manage annual loan portfolio real estate security valuation exercise and any ad hoc formal valuations, including reviewing updated tenancy information from borrowers, liaising with external valuers and interrogating their figures. Subsequent uploading of updated valuations and communication of findings to internal stakeholders with supporting analysis
• Responsible for maximising recovery from real estate security following enforcement or managing consensual disposal. Instructing Receivers where required and managing sale process. In addition, provide advice including exit strategy where there is concern over the continued viability of loan performance. Provide ongoing updates to key internal stakeholders
• General property related input on ongoing management of real estate security to maintain and if possible, improve risk profile including liaison on energy performance and lettings. Maintain accuracy and completeness of property data on system of record
• Work closely with Credit Research, Credit Risk and other front office investment teams to ensure appropriate loans are originated to support business needs and support the annual rating of each commercial mortgage
• Manage specific project where required by Head of REF
Who You Are
• The role requires in-depth knowledge of the real estate sector as an asset class
• The job requires strong commercial property related skills covering both asset management and valuation disciplines with the associated technical background. The ability to make sound judgements and identify key issues where more senior management input is required, providing recommendations with a clear rationale to manage risks effectively
• Such knowledge and skills will have been developed over a considerable number of years of relevant experience working in a direct commercial property or commercial property lending environment
Qualifications
• Full professional membership of the Royal Institution of Chartered Surveyors - Essential
• Qualification in education to degree level - Desirable
• Full UK Driving Licence required
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.
"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK
We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.
