VP – Construction / Development

Michael Page (UK)

• Opportunity to work for a private Real Estate Investment Firm.
• Exposure to multi-asset class developments across UK & Ireland.

About Our Client

My client is a private investment firm that invests across the capital structure into European asset-backed opportunities. It specializes in providing private capital solutions across real estate, infrastructure, hard asset and financial asset markets. It is focused on European small to mid-cap special opportunities in asset-rich, out-of-favour and/or non-core asset classes. The firm provides asset-backed capital solutions to small and mid-cap businesses and institutional investors, in response to asset owners facing limited access to capital from banks and other traditional sources of funding. They manage approximately $4 billion of discretionary capital on behalf of pension funds, endowments, foundations, and other institutional investors.

Based in London and with multiple offices across Europe, with a team of over 60 professionals with extensive investment, portfolio management and restructuring experience working across its offices.

The firm is seeking a Vice President – Construction / Development who will be reporting into the Director of Construction.

Job Description The Role

• Assist in the oversight and day-to-day management of complex construction assets or loans.
• Construction risk management throughout the life cycle of the investment.
• Working with the investment team to review new opportunities.
• Working with the asset management team monitoring and assessing progress of the developments.
• Assessing the suitability of counterparties, contractors and professional teams.
• Reviewing construction costs and programme of new deals.
• Assist in managing external construction teams and design teams.
• Work with external enhanced monitoring teams.
• Working with external monitoring surveyors accessing the technical due diligence of new deals.
• Reviewing monthly monitoring surveyor reports.
• Contribute and support the coordination of the company’s Due Diligence process, ensuring its efficiency and compliance with relevant standards.
• Tracking construction cost and programme changes across the projects.
• Visit sites to meet with the sponsor, contractors and professional team.
• Identify discrepancies in budgets, reports and ongoing projects, recommend appropriate remedies for these discrepancies and where necessary to challenge borrowers and third parties.
• Support re-underwriting of budgets by providing relevant comps.

The Successful Applicant

• Chartered Surveyor (MRICS) Quantity survey or Building surveyor / Highly analytical and numerate / experienced in Risk management and reporting / Real Estate Construction.
• Currently working for a building consultancy or in a client-side role with a Developer and/or a Real Estate Investment Management/Asset Management firm.
• Experienced in managing challenging construction situations, dealing with contractual disputes and arbitration.
• Minimum 15+ years’ experience in real estate development / construction.
• Track record of managing projects in the UK and Ireland.
• Highly diligent, hands on and process driven.
• Persistent with strong planning, organisational, negotiation and analytical skills.

What’s on Offer

Competitive salary ranging from £90,000 to £120,000 per annum + bonus + full benefits package.