VP – Construction / Development

Michael Page

We are seeking a VP – Construction / Development professional to oversee real estate development projects across UK & Ireland.

The ideal candidate be an MRICS Quantity Surveyor and will ensure successful project delivery while maintaining effective monitoring and reporting processes.

Client Details

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.

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.

Profile

A successful VP – Construction / Development should have:

– 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.

Job Offer

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