Vice President, Investment Management, Sydney Real Estate

**Job description**:
**About this role**

**About BlackRock Real**Estate**:
The APAC Real Estate business currently manages AUM of US$7.5bn, mainly through its flagship regional value-add funds. The business has a team of 30 investment professionals in five offices managing c.100 properties in Australia, New Zealand, Japan, Singapore and China. The team has a deep track record, is close knit and arepassionate value add private equity real estate investors. This is an entrepreneurial and deeply local team within a global platform.

**Role Description**

The Vice President role is a senior role within the Australasia team, focused on cradle to grave value add real estate investment activities across a variety of sectors including last mile logistics, self-storage, childcare, and life sciences. The investment team is sector agnostic and will pursue the best available risk adjusted returns in the market for our clients. Investments can be structured in various ways, including through single assets, diversified portfolios, joint ventures, or investment platforms. Experience in all of these would bebeneficial.

The role will involve a high level of operational independence and a demonstrated track record in value-add real estate investing, namely leading large portfolio and platform strategies through the acquisition, delivery and disposal phase. There will be extensive requirements to manage complex portfolios to deliver client outcomes and work with a variety of stakeholders including joint venture partners and platform companies.

This role will lead one or several high conviction strategies in the region which manages large portfolios of complex assets across sectors. The VP will be responsible and accountable for end-to-end investment performance, reporting directly into and supported by the Head of Real Estate, Australasia. The applicant should be ready to transition quickly and efficiently into the role with limited oversight / guidance.

**Key Responsibilities**:
**Acquisitions and disposals**:

- Be responsible and accountable for the investments within the relevant strategy including new single asset, portfolio and platform deals
- Generate investment strategies and continually assess these with a focus on risk adjusted returns and performance for the relevant strategy
- Run and develop cash flow models and conduct quantitative and qualitative analysis for potential acquisitions.
- Lead preparation of memos and presentations for investment committee reviews in conjunction with other team members
- Coordinate due diligence processes with external and internal teams.
- Track acquisitions, dispositions, and assist with the closing process.

**Investment modelling,**monitoring** and reporting**:

- Ownership of investment models ensuring accuracy and utilizing this to drive performance, risk management and exit optionality.
- Responsible and accountable for investment outcomes, project reviews, and hold/sell analysis.

**Asset Management**:

- Implementation and development of annual budget plans, including leasing, Capex, operating budgets and cash distribution.
- Financing, hedging and capital-related decision making with regard to the relevant strategies. Conducting clear analysis and forming views for recommendation to the portfolio management team
- Lead investment strategies and take strong ownership of outcomes and performance
- Oversee existing service providers to ensure effective management.
- Research key market data to support underwriting assumptions.
- Work closely with joint venture partners as strategy lead to deliver on ambitious investment performance targets

**Business development**:

- Be a senior leader who contributes meaningfully to business initiatives and projects, client information requests and data requests for fund-raising campaigns.
- Deliver best in class results, analysis and general outputs to support business development.

**Market**:

- Represent BlackRock in the market as a reputable player of the highest integrity consistent with the Firm's values
- Be a passionate student of the private equity real estate market, ensuring deep market understanding, knowledge, and participation.
- Be a best in class, market leading operator who questions market norms and has their own clearly informed views on strategic investment opportunities

**Skills /Experience**
- Ideally 6-10 years of direct real estate investment management experience at a top tier private equity real estate fund manager or similar.
- Demonstrated investment track record in private equity value addreal estate investing highly preferred.
- Strong financial and commercial acumen backed by robust modelling skills
- Team player with good people management skills
- Technical Skills: extremely strong proficiencyin Excel, Word, PowerPoint; strong quantitative capabilities, strategic thinking and critical decision making necessary.
- Soft Skills: Strong written and verbal communication; detail oriented. Ability to make