Associate, Portfolio Management Support
- Not Specified
- Copenhagen, Hovedstaden, Denmark
- Permanent, Full time
- 15 Dec 18
About BlackRock BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
BlackRock Real Estate, part of the BlackRock’s Alternatives platform, manages over $22 billion in private and public real estate equity and debt in the US, Europe and Asia-Pacific. BlackRock’s Real Estate team manages investments on behalf of public and private pension plans, insurance companies, foundations, endowments and private investors. The platform manages a broad array of investment strategies, including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses many major geographies as well as all major property types including office, industrial, retail.
The Real Estate Transaction Support team require an Associate located in the Copenhagen office, with a primary focus on providing support from a finance perspective with the execution of transactions and debt financing for the Nordics portfolio and with operational risk management. The role includes assisting with closing acquisitions, disposals, bank financings, hedging strategies, implementation of tax structuring and with the on-going monitoring and management of operational risk.
In addition, the role may include providing assistance with transactions and financing for investments in other EMEA countries.
- Providing support through the due diligence phase of investment opportunities and with the execution of acquisitions and disposals.
- Ownership of the financial due diligence process.
- Preparation of deal timelines to sequence workflows, DD, timing of board meetings, funding, etc
Management of incorporation of entities and banking arrangements
Operational review of key transaction documents (SPAs, JVAs, promote docs)
Review of preliminary and true-up NAV calculations for share deals
Internal funding arrangements and management of funds flows
- Providing support with investment level debt financing
- Participation in the debt tender process and drafting of request for proposals
Term sheet negotiation and lender selection
Review and execution of loan documentation and preparation and execution of interest rate hedging strategies
Management of lender reporting requirements and monitoring of loan covenants.
Collaboration with external advisors and the in-house tax team to lead the planning, implementation, management and monitoring of tax-efficient structures.
Implementation of appropriate tax structures in liaison with the in-house tax team and external advisors
Monitoring tax developments and formng views on potential legislation changes, including considering the potential impact on current and future investments.
Identifying potential risks and taking measures to further investigate and mitigate such risks accordingly
Working alongside the asset management and global fund administration services teams to ensure adherence to internal procedures and identification and mitigation of operational risks. Ensure consistency of approach with the overall EMEA Real Estate business model.
Management of coordination between the RE business and business partners including Legal, Corporate Secretarial and Tax.
Providing assistance with the implementation of new projects and processes.
- Experience of transaction management either with a professional services firm or within an investment company
- Understanding of real estate tax structures
ACA, ACCA CIMA or equivalent accounting qualifications
Personal Characteristics: Results focused / driven / lateral thinker / good communicator / business acumen / enthusiastic / able to work under own initiative with minimal supervision
- Able to demonstrate success in career to date and notable achievements (appropriate to the level of experience)
High standard of integrity / astute / motivated
Ability to transition between working independently and working closely with others in the team
- Professional attitude and able independently meet with relevant agents and external parties in relation to agreed strategic deal sourcing criteria and processes
Excellent written communication / confident with strong presentation skills
Good commercial acumen, general interest in the Real Estate sector
Excellent organizational skills and ability to manage multiple priorities and deadlines
Capable of meeting deadlines and working under pressure
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.