Job Description

:The purpose of this appointment is to lead and grow the PROPERTY Investments and Fund Management Division of the business.GeneralStrategic

• Determine and manage the strategic outcomes of the Investments and Fund Management Division as aligned with the strategic objectives of the Company.

• Together with the CEO, develop new property investment products (sector specific, themed and in geographies outside SA) for the real estate investment market with the aim of securing third party capital to manage.

• Develop and establish strategic relationships with financiers of equity and debt.

Operational

• Manage the day-to-day affairs of the fund management business, including financial, impact evaluation and reporting, relationship management with various stakeholders, and the management of a team of internal investment and management professionals.

Financial

• Set, agree and achieve the financial objectives of the fund management business, aligned to the overall objectives of the Company.

Investments and Fund ManagementInvestments

• Source potential transactions suitable for the Company to assume a principal position in line with current Fund Management mandates approved by the Board. This will be achieved

• through, inter alia, forming relationships with external and internal property brokers to

• enhance the generation of potential opportunities.

• Prepare financial models to analyse the potential return for the Company and/or the investors under various risk scenarios.

• Prepare submissions for approval to the Company Board / Transaction Approval Committee / Investment Committee/s, whichever is applicable.

• Where required, source project and investment debt finance in accordance with the relevant fund mandate and negotiate the funding package and legal agreements with selected banks. Arrange and manage the finance requirements and implementation of the funding terms.

• On an ongoing basis monitor funding requirement, covenant compliance and default risk.

• Prepare suitable documentation to obtain approvals and implement the transaction.

• Manage the transaction to completion, including monitoring and redevelopment, if applicable, and attempt to achieve the most effective and beneficial exit mechanism for the Company and / or the investor.

• Responsible for ongoing administration relating to the transaction, including appropriate accounting, accrual of income and monitoring of expenses.

• Attend investment management meetings and guide the investment and operational mandates.

• Review investment performance on an ongoing basis and periodically report back to the investors.

• Set investment strategy around interest rates

Manage and lead a team of professionals:

• Manage and lead the Investments and Fund Management team.

• Set Key Performance Indicators (KPI) for the team.

• Develop, guide and train the team to deliver on their KPIxe2x80x99s and divisional and company objectives.

RequirementsHonors Degree in Business, Finance or Property Studies (with appropriate experience). A CA (SA) or CFA qualification is a distinct advantage.Minimum 10 years relevant experience to real estate investment management, with two years exposure to project development and management.Superior financial modeling capabilities.Excellent numerical capabilities and communication skills.

Ability Recruitment