JOB TITLE: Transaction Manager, SPAIN & PORTUGAL
REPORTING LINE: Head of Asset Management and Transaction
Transactions Profile, Spain & Portugal, Property
Reporting to the Head of Asset Management and Transactions for Spain and Portugal, assist on the financial analysis of all investment opportunities, deal allocation and coordination of the execution of transactions on behalf of all mandates investing in Spain & Portugal. This will be carried out in line with abrdn's property investment approach, process and policies.
This new role has responsibility for the screening of relevant deals from both on market and off-market sources from brokers, property companies, developers, REITs and others, summarising the information and discussing with the Head of Asset Management and Transactions for Spain and Portugal. Ideally, the new role would also have some knowledge of property asset management in the Spanish & Portuguese markets and be able to leverage from it when analysing investment opportunities.
RESPONSIBILITIES
Have good interaction with the wider property team (Head of Asset Management and Transactions for Spain and Portugal, Asset Management Team for Spain and Portugal, Fund Management, and Research and Strategy).
Contribute to the funds' and mandates' performance by:
Helping to develop financial analysis and cash-flow models for investment opportunities
Helping to achieve the targets in investment plans related to transactions
Helping in selling and purchasing properties at the most favorable price and terms
Reducing legal and financial risk in transactions
Screening relevant and attractive investment opportunities in the transaction market
Having regard to enhancing sustainability in portfolios
Helping to develop and follow up the Budgets, for the funds' and mandates
To work with the Spanish Real Estate team and wider fund management team to analyze deals proactively
To carry out cash-flow modelling, coordinate execution of transactions, due diligence, input to investment committee approval, complete checklists, dialog with external advisors, etc.
To register all incoming deals into Propex
To develop an internal Data Base with main data of all transactions analyzed and follow up of that deals in the market
To coordinate and participate in the deals allocation meeting, and ensure all property introductions are responded to in a timely manner with clear indication of whether they are valid and whether they are being proceeded with
To assist in the assessment of offered properties/deals, including providing analysis and calculations with regards to valuation and risk
To assist in the preparation of investment - and divestment proposals (IC paper) prior to Fund Manager sign off
To oversee preparation of quarterly/annual valuations of the different assets.
To assist in the hand-over of acquired properties to the asset management team
Knowledge and skills
A motivational, entrepreneurial and proactive approach
A good understanding of the execution of transactions
A good level of understanding and knowledge of how the investment market in Spain, and ideally in Portugal, works
Practical experience and knowledge of the transaction process including the screening and analysis of investment opportunities
A history of success in helping to closing deals
Good understanding of the sources of risk and return within a property portfolio from a single tenancy unit up to portfolio level
High level knowledge of Microsoft Excel with ability to create complex cash flows, IRR calculations, discounted cash flows and development appraisals
Good level knowledge of other Microsoft Tools such as Word or Power Point. Ideally, knowledge of Argus
Fluent in English
Key Competencies
5 years' experience of property in Spain and ideally in Portugal, as well
Ability to demonstrate business success and utilising the resources necessary to obtain business results
Qualified to degree level
Good understanding of financial modelling, investment and valuation background
Good analytical skills
Mixed Commercial & Residential background ideally
Communication skills
Strong attention to detail
Client /Customer Focus
Trust and Integrity
Uses technical knowledge to inform
Stakeholder management
Strong planning and prioritisation
Impact and influence
Industry and market knowledge
We're committed to providing an inclusive environment.
#J-18808-Ljbffr