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Asset Manager, Vice President, Australia

BlackRock BlackRock

BlackRock is a global investment firm, trusted to manage more assets than any other.

Description

About this role

About BlackRock Real Assets:

In today’s dynamic and complex global investing market, we help our clients meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk – return spectrum. Our dedicated teams of industry and sector specialists deliver global reach, with deep local expertise. They have decades of relevant experience, are deeply embedded in their operating industries by sector and geography and have developed strong partnership networks over time. BlackRock’s culture of risk management, knowledge sharing, and investment discipline sets us apart and underpins all that we do. With over 350+ professionals in 30 offices managing over US$75.4bn in client commitments as of 31 December 2022, BlackRock Real Assets partners with clients to provide solutions tailored to individual portfolio needs such as income, growth, liquid or balanced real assets outcome.

About BlackRock Real Estate in Australia:

BlackRock Australia Real Estate is responsible for acquiring, financing, managing and disposing of primarily closed-end value add real estate investments in Australia for the APAC real estate business. The team of 5 investment professionals in Australia currently manage approximately A$2.3bn of real estate across office, retail, last mile industrial and childcare. The team also provide real estate investment strategy recommendations for Australia to the APAC portfolio management group.

Role Description:

Reporting to the Head of Australia, Real Estate, the role is to help formulate and ultimately manage the strategy of value-add RE investments in Australia. This includes formation and implementation of asset specific initiatives to extract value and deliver superior returns from a diverse multi sector portfolio with primary/day to day BlackRock representative to external counter-parties such as operating partners, joint venture partners, property managers, agents, brokers and development managers.

The role requires prior experience with asset or development management and financial modelling skills as well as strong communications skills. The individual must thrive in a dynamic team-based environment that demands perseverance and creativity in the management of assets, gathering and analysing information; and have the ability to balance multiple tasks and to work effectively in a global cross-border team.

Skills/Competencies:

  • Represent BlackRock in the market as a reputable player of the highest integrity consistent with the Firm’s values.
  • Maintain an up to date understanding of real estate market sectors, cycles, and key performance drivers
  • Develop and maintain strong modelling techniques.
  • Maintain an up to date understanding of global best-in-class asset management standards.
  • Maintain effective working relationships with both BlackRock and external associates – e.g., joint venture partners, real estate consultants, valuers, bankers, financial & tax consultants, and legal counsels.
  • Ensure that all recorded investment data and written divestment/investment proposals are of the highest quality and consistent with the Firm’s set standards to facilitate comparison and analysis.
  • Manage leasing agents, property managers, deployment of capital expenditure and drive the formation of leasing plans.
  • Preparation of accurate financial modelling, hold/sell analysis including sensitivity analyses to provide reliable, accurate actual/forecast investment returns.
  • Lead in the preparation of divestment/investment proposals and investment committee memorandums.
  • Source and provide research data supporting any update in key underwriting assumptions (markets rents, growth rates, vacancies, operating expenses, capital values, yields / cap rates, tax, financing, etc).
  • Gain a full understanding of all the underwriting assumptions and testing these to optimise returns i.e., operating assumptions as well as capital structure and tax assumptions.
  • Assist in due diligence, preparation of external marketing material and maintenance of data room when the need arises.
  • Interface with other functions within BlackRock (in particular Funds Management, Capital Transactions, Corporate Finance, Finance, Risk & Quantitative Analysis, Legal, Risk & Compliance, Company Secretarial) to successfully close the transaction.

Experience, Skills & Knowledge Required:

  • Possesses tertiary academic qualifications, preferably in real estate/finance.
  • Minimum 5 years’ experience in real estate, financial or other field of investment analysis preferred.
  • Good Microsoft Excel, Word & PowerPoint skills.
  • Proven experience in organizing and managing multiple priorities and tight deadlines.
  • Flexible on working hours when needed, especially during quarterly reporting periods or when a divestment/investment is in progress.
  • Excellent interpersonal and communication skills.
  • Entrepreneurial spirit and a self-starter.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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.

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Asset Manager, Vice President, Australia

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BlackRock

BlackRock is a global investment firm, trusted to manage more assets than any other.

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