Executive Director - Real Estate - Asset Management Services

Job Designation: Executive Director - Real Estate

Responsibilities include:

Acquisitions:

Conducting technical due diligence on current acquisitions, focusing on architectural, statutory approvals, engineering and environmental aspects.

Selecting, engaging and overseeing technical consultants, and coordinating their efforts with partners / seller, acquisitions officers and asset managers.

Coordinating and reviewing consultant due diligence reports, including pursuing open issues and risks.

Reviewing those issues with investment colleagues.

Identifying, quantifying and managing risk in a proactive manner.

Recommending an appropriate capital reserve and working with investment colleagues to achieve an appropriate final underwriting.

Collaborating with colleagues to close transactions and to prepare a go-forward plan for asset and property management.

Asset Management:

Coordinating with the asset manager on the planning, monitoring, and close out of post-closing due diligence items.

Working closely with asset managers to review and recommend cost effective annual and multi-year capital improvement /maintenance programs to maintain, protect, or enhance asset competitiveness.

Assisting with the review of non-standard tenant improvement requirements.

Acting as a technical resource to asset manager colleagues who need assistance with the higher risk engineering or environmental issues that occasionally arise at properties.

Assisting asset manager colleagues with the disposition of properties, if technical issues arise.

Development Oversight:

Assisting in general with the formation of and participation in real estate development projects, contributing an expertise in the design and construction process.

Assisting with the negotiation and implementation of development documents, construction agreements and consultant agreements.

Performing, with the appropriate consultants, complete development reviews, including environmental, entitlement, scope / design, schedule, budget, partner team, design consultant team, construction contracting strategy, quality control and agreements.

Developing and maintaining relationships with project participants; fostering partnership and team performance.

Reviewing developer monthly reports and draw requests, including cost verification and budget reconciliation.

Engaging consultants to assist in the monitoring of development projects under construction.

Coordinating and reviewing monthly construction monitoring reports, particularly progress, schedule performance and cost verification.

Coordinating and assisting with project close-out among developers, asset managers and property managers.

Providing internal reporting and supporting a collaborative investment process.

Building and maintaining development project databases, including costs (hard, soft, total project) and agreement terms (developer and general contractor).

General:

Staying abreast of current industry and local market issues to increase the organization knowledge and effectiveness. Examples include technical standards, environmental regulations, energy efficiency standards, construction technology trends, construction cost trends, etc.

Qualifications & Requirements:

10+ years- experience in real estate investment with a background in engineering, architecture, construction, and/or development.

Broad and deep technical knowledge and experience, in areas ranging from Development Control Regulations, Construction contracting, Consultant selection and more.

Hands on experience at PM/ Project lead role (end to end) for at least one large development stage project required

Deep knowledge and experience in at least one of 3 tier 1 cities of Mumbai, NCR and Bangalore. Preferably experience in more than one of these cities

Institutional experience, with large owners, developers, operators, lenders, etc.

Confident and articulate communicator with strong interpersonal skills.

Advanced analytical skills and attention to detail.

Highly organised with the ability to perform under pressure.

About Our Client: Our client is a MNC in multiple asset management services.

Bharti Dhar