Associate/Analyst - Real Estate Asset Management
At M&G our vision is:
to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.
We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles.
What you can expect from us: We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
- Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
- Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
- Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
- Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best
How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.
Purpose: We are looking for a motivated individual looking to work in the real estate finance area, specifically in commercial real estate loan asset management. Prior experience in real estate finance space is required with working knowledge of different real estate asset classes and commercial real estate loan documentation.
Key Responsibilities: • Direct responsibility for loan management and reporting for a portfolio of commercial real estate loans secured by properties in the UK, Europe and US from the date of investment until final pay-off or resolution
• Work with investment team to set periodic loan reporting requirements in order to monitor loan performance and "on-board" new loans
• Liaise with loan agents, valuers, legal counsel and borrowers to gather deal information and any further information that may be required
• Carry out analysis on the information received including: confirming covenant compliance, checking rent rolls for anomalies, and querying unusual/ unexpected results with the relevant parties
• Analyse and make recommendations in response to borrower requests for lease approvals, sales, loan modifications, waivers or other consents over the loan term
• Provide updated cashflow projections and internal rating recommendations on a periodic basis
• Work with investment and/or restructuring team on underperforming assets
• Provide input for pricing of loan instruments and provide pricing recommendations as and when needed
• Produce internal portfolio reporting to help form deal level strategy and analysis for the purpose of investor reports on a quarterly and ad hoc basis
• Provide loan performance updates to internal and external stakeholders as and when required
• Assist with ensuring the real estate debt funds/vehicles meet all their reporting requirements to investors, authorities, M&G Compliance and with other relevant departments or service providers as dictated by the operating models of the respective funds
Requirements: You will have strong analytical, organisational and communication skills and must work well within teams.
A Bachelor's or Master's degree- ideally in Accounting, Finance, Legal, or Real Estate is preferred.
In order to be successful in this role you will have prior proven experience in real estate and/or real estate loan asset management. You should be someone who wishes to build on this as the next step in a long term career in real estate, finance and/or funds management. You must also be capable of working with minimal supervision.
We live by four behaviours at M&G and we ask all our employees to:
- Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
- Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
- Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
- Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things
