VP Asset Management - Real Estate
Malvern, PA 
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Posted 11 days ago
Job Description


Who We Are

Balfour Beatty Investments is a global infrastructure investor operating in the UK, US, and Canada. We provide the investment capability to deliver complex infrastructure projects. Over the past 15 years, Balfour Beatty Investments (formerly known as Balfour Beatty Capital) has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 60 projects worldwide, predominantly in the UK and US.

Balfour Beatty Investments is proud to offer challenging and rewarding work in a variety of functional areas. As a company, we operate with safety and sustainability as our primary focus. Equally integral components of our culture are our values-Integrity, Teamwork, Excellence, Respect-and our code of conduct. Living up to these commitments requires the fresh ideas, insights and talents of employees as diverse as the audiences we interact with every day.

The success of our company is built on the efforts of our employees. We are committed to offering our employees a path to professional success through development, training and mentoring opportunities that cover a wide variety of skills and functional areas.

At Balfour Beatty Investments, our employees are our greatest asset and their well-being means a healthier, more productive workplace. We offer a comprehensive benefits package that includes a variety of health care options, retirement benefits and other flexible benefits.

Our Benefits

  • Discretionary bonuses
  • Medical and Dental Insurance 1st of the month following employment
  • Health, Flexible Spending and Dependent Care Accounts
  • Company paid life insurance
  • 401K plan with employer matching
  • Robust PTO to include, sick, floating holidays, vacation, and personal days
  • 2 Volunteer Days per year
  • Company paid short-term and long- term disability, parental leave.
  • And more!

About the role

The VP AMRE is responsible for managing, monitoring and reporting the financial health of the Balfour Beatty Investments Real Estate project portfolio (which for clarity excludes all military housing assets). VP AMRE will also be responsible for strategic review and financial optimization of the portfolio (refinancings, recapitalizations, restructures etc.). The role will also include the management of the Asset Management Real Estate operational team.

What you'll be doing

  • Maximize the financial value of the Investments' portfolio through the development and implementation of long-term property business plans and strategies to include acquisitions, dispositions, and leasing activities. Monitor performance against long-term objectives through proactive analysis, budgeting and forecasting.
  • Monitor the financial performance of each asset against established goals and approved budgets. Identify trends and make recommendations to maximize financial performance.
  • Collaborate with property management teams to ensure efficient and effective day-to-day operations, maintenance, and tenant satisfaction.
  • Develop long-term capital planning program for each asset in partnership with Property Management and oversee major capital projects.
  • Review, approve and monitor performance against the annual budgets for each asset
  • Implement risk mitigation strategies and ensure compliance with applicable regulations, covenants, etc. within various documents related to the assets as well as coordinating with Property Management to ensure that any local regulations/inspections are adequately managed
  • Construct and implement strategies to attract and retain community residents in partnership with Property Management while balancing long-term needs and performance of asset.
  • Conduct regular property inspection to assess maintenance and operational and provide recommended actions, as needed, based upon the budgets and property priorities.
  • Provide regular updates on asset performance and strategy.
  • Leverage technology and data analytics to enhance asset management processes, decision-making, and reporting.
  • Monitor and manage quality of reports from team to senior management which accurately updates the projects operational, development and financial status with short and long term forecasts. Also routinely monitor both the robustness of underlying financial models and reports.
  • Provide insight into leasing and management trends for future underwriting
  • Participate in strategic investment planning process internally and with equity partners
  • Assist in providing rent and expense benchmarks for underwriting new assets
  • Oversee and manage the process for directors valuation with the UK Project Finance team ensuring that analysis and underpinning assumptions are robust and defensible
  • Manage the Asset Management Real Estate team in order to provide a team that meets the needs of the business. Also identify any shortfalls in processes and approach and remedy / improve.

Regularly uses hands to manipulate phones, computer keyboard and similar tools. Ability to view computer screens, mobile devices, and other electronic equipment, for extended periods of time. Sit and stand to perform administrative work. Regularly lift and move office supplies up to 20 lbs.

Work is performed in an office environment. Employee must travel throughout the company footprint as required.

Who we're looking for

  • BA or BS degree in Finance, Real Estate, Economics or related field preferred
  • A minimum of 10 years in real estate required. Experience with financials analysis, forecasting, and relationship building with key stakeholders required. An appreciation of the role that physical asset review plays in developing plans, budgets, and forecasts is also required.
  • Expert knowledge of Excel. Understanding of return-on-investment concepts / benchmarks.
  • Understanding of commonly used real estate concepts used within operations and ownership.
  • Ability to travel up to 35% of the time.

Accessibility: If you need an accommodation as part of the employment process, please contact Human Resources at:

Phone: 610-355-8100
Email: careers@bbcgrp.com

Equal Opportunity Employer, including people with disabilities and veterans.

If you want to view the "EEO is the Law" poster, please choose your language: English - Spanish - Arabic - Chinese

English - Spanish - Chinese

If you want to view the "Pay Transparency" policy statement, please click the link: English


Balfour Beatty is an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by federal, state or local law.
Accessibility: If you need an accommodation as part of the employment process, please contact Human Resources at:
Phone: (610) 355-8100
Email: agiosa@bbcgrp.com

Equal Opportunity Employer, including people with disabilities and veterans.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
10+ years
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