Job Title: Real Estate Investment Associate DirectorContract type: Permanent, full-timeLocation: London, St PaulsDepartment: ICG Real EstateReporting to: Head of Asset ManagementPosition Summary:ICG continues to grow its Real Estate business. Today the Real Estate business is c.$7 billion AUM and the intent is to at least double in size over the next 5 years. There are now 55 people in the team split between London Paris, Singapore and Sydney with new team members continuing to join.Krysto Nikolic was hired in 2021 as Global Head of Real Estate to grow a fully integrated Real Estate Equity strategy and lead the broader Real Estate platform for ICG. He is keen to ensure that the team remain entrepreneurial and nimble whilst becoming one of the major players in the sector.The Real Estate business consists of;
Senior Debt
Partnership Capital
Residential Finance
Sale & Leaseback
Real Estate Opportunities
The Asset Management team is responsible for managing all positions including distressed positions in the portfolio, analysing the performance of individual investments and identifying areas or opportunities for enhancing the returns to deliver the best risk / return outcomes for investors.This Associate Director role within the Asset Management team will be to provide direct input on the underlying transactions across the debt strategies that require close monitoring or that have complex business characteristics and / or performance issues with borrowers. A key aspect of the role will be to identify loans that maybe falling behind business plan, but meeting covenants, and provide analytical and real estate understanding to identify further value add upside, both at the property and funding level, that may not have been identified by the Borrower.The successful candidate will have a broad understanding of new deals presented to investment committee, and be willing to input into the origination process as required with market knowledge developed within the role. A high level understanding of the wider loan portfolio will need to be maintained to ensure challenges can be anticipated and met head on.They should be a proven team player with a broad understanding predominantly of the UK real estate market, and also the Continental Europe real estate markets. It is expected that the candidate will have an established track record of interacting and maintaining long term relationships within the industry, and will continue to build strong relationships both internally and externally.Primary Responsibilities:The responsibilities of the role include, but are not limited to:Enhancement of Loan Positions and Portfolio outcomesAttendance at investment committee meetings and quarterly reviews of each Fund to identify any loans where initiatives could be implemented on secured properties to enhance returnsOngoing review of positions and regular discussions with sponsors / operating partners to ensure complex business plans are progressed, and parties challenged where requiredUnderwrite initiatives to enhance returns at either the property or funding levelDiscussions with Sponsors on relevant deals to discuss such initiativesSupport the Head of Asset Management and the Portfolio Manager in evaluating and implementing portfolio level initiatives to enhance investor returnsMonitoringRegular meetings with Portfolio Management re the watchlist deals that are not performing in line with business plan, or have challenges that mean that they will likely not perform in line with business plan in the futureMaintain a broad high level understating of all deals presented on the watchlistAgree with Portfolio Management which deals require Asset Management input at a critical level, and also at an initial high support levelEvaluationTo evaluate the challenges with each deal and implement a strategy that will deliver the best risk adjusted returns within the lifetime of the FundDevelop these revised strategies with feedback from the deal originator, valuers, third party advisors and lawyersBroad understanding of debt legal and security documentation to assist with decision making around potential enforcementOngoing dialogue / negotiation with the relevant Sponsor of the deals when the preferred strategy has been determinedReportingPreparing and presenting investment committee papers to have any required changes formally approvedInstructing third parties including lawyers, LPA receivers, administrators to formally progress these changesNegotiating and agreeing final documentation with Sponsors / BorrowersKey Requirements/ Qualifications:An establish and proven Asset Manager with c.7-10 years of experience in the European Real Estate markets and well-reputed for driving valueIntimate understanding of the UK real estate sub-marketsKeep up to date with real estate marketsExcellent financial and cash-flow modelling skillsPossess sound general business/commercial awarenessExcellent written and verbal communication skillsBe a flexible team playerOur Global Benefits Framework is centered around these 3 key attributes:
Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.
Inclusivity – Fit for purpose and competitive, no matter who or where you are.
Longevity – Long Term and sustainable in design.
Why ICG?ICG (Intermediate Capital Group) is a FTSE-listed, FCA-regulated alternative asset manager creating sustainable value by partnering with ambitious businesses. We have over 30 years' history and today we manage $82.1bn* of assets and invest across the capital structure. The firm employs over 575 people in 16 countries around the world and is well positioned for growth and benefits from the long-term trend of increased demand for alternative investments.To make the most of your career at ICG, you will be inquisitive, self-motivated, engaged, collaborative and agile. ICG is a place where we are all dedicated to achieving common goals.Our teams describe ICG as ambitious, collaborative, empowered, entrepreneurial, professional and acting with integrity. We translated these attributes into a core set of values and, together with our purpose, this represents who we are today and whom we aspire to be tomorrow.For three decades we have been constantly striving for excellence in all aspects of our business. Whether that is through the people who join us, how we support and develop them throughout their career, and the culture we create and live in. It is also evident in the role we play in society through the investments we make, our charity work and what we stand for.We relentlessly pursue our ambition to provide an inclusive and diverse environment where everyone has plenty of opportunities to contribute, succeed and be themselves.ICG will provide equal employment opportunity to all employees and applicants for employment. No employee will be discriminated against in hiring or employment because of race, colour, sex, age, disability, religion, national origin, marital status, sexual orientation, gender identity and/or expression, ancestry, military status, genetic information, or any other basis protected by applicable federal, state or local law.
