Senior Asset Manager

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title: Senior Asset Manager

Corporate Title: Senior Director

Location: Frankfurt

About Barings Barings is a global investment management firm with AUM of $362bn, 1,800 investment professionals and offices around the globe. The real estate team manages $48.5bn of equity and debt assets in the US, Europe and AsiaPac. The European team has 9 offices in 7 countries and manages $6.5bn in equity and debt strategies. The principal lines of business for the equity team are an open ended pan European core fund with a GAV of €3bn, a value add fund series with the latest fund having raised €850m of equity and investing in value add deals on behalf of our parent, MassMutual, a US mutual life insurer, as well as for a JV that concentrates on value add logistics assets. The equity team currently has access to circa €2bn of dry powder with a significant allocation to Germany.

Barings invests in all sectors and across all risk profiles including direct development. Barings can also fund developers to gain access to deals and additional development expertise.

Role Profile

Working across Barings’ commercial real estate portfolio in the south Germany, with a particular focus on Munich. The role involves the creation and extraction of value, in addition to that passively derived from market movement, on behalf of clients and investors. This includes developing and implementing the Business Plan for each asset to ensure returns are maximised. The emphasis is on adding value via redevelopment and refurbishments, well-executed leasing campaigns and lease restructuring.

Main Responsibilities

• Development, implementation, and execution of Asset Management strategies with full responsibility for several assets in the value-add segment in different asset classes
• Managing assets within the German real estate portfolio to ensure income and capital returns are maximised.
• Implementation of asset management initiatives including lease prolongations and lease restructuring.
• Appointing leasing co-ordinators and marketing consultants undertaking proactive leasing campaigns to minimise void rates.
• Maintaining direct relationships with local leasing brokers.
• Assembling and managing external professional teams such as Development/Project Managers/Architects on capital projects, including complex refurbishment and development schemes, ensuring delivery against programme and budget.
• Establish strong relationships with occupiers to help create asset management opportunities.
• Financial cash flow modelling, performance reporting and evaluation and assessment of proposed asset management initiatives, with assistance from Transactions and Fund Analysts where applicable.
• Management of downstream services such as property managers and insurance brokers to ensure optimisation of credit control policies, service charges and operation of the assets.
• Direction of appointed consultants including solicitors, fund valuers, building consultants.
• Assisting the Transactions Team on the underwriting of acquisitions and due diligence, financings/re-financings, annual Hold/Sell analysis and disposals.
• On-boarding of any new properties acquired, ensuring a smooth handover from the Transaction Team.
• External and internal reporting and client liaison.
• Liaison with internal teams including Finance, Research, Portfolio Management.
• Preparation and implementation of annual Business Plans to improve and monitor performance in accordance with fund/client strategy.
• Preparation and delivery of Board/Fund/Client recommendations.
• Fund/client reporting and presentations to Investment Committee and current/prospective investors.
• Implementation of ESG strategies in accordance with Barings’ objectives, policies and procedures.

Skills / Knowledge / Experience

• Demonstrable track record in value add asset management.
• Experience of dealing with development and refurbishment projects, with attention on design and specification criteria.
• Good negotiation skills leading to strong deal execution.
• Leadership/influencing skills required for co-ordinating project teams.
• Good quantitative and analytical skills and attention to detail.
• Good knowledge of the Munich & Stuttgart markets, including a standing local network.
• Knowledge of ESG initiatives and how to incorporate best practices at the asset level.
• Wide network of market/consultant contacts.
• Considerable office and industrial/logistics experience.
• Knowledge of retail and residential markets beneficial but not essential.
• Highly motivated with a strong work ethic.
• Personable and confident, with a solution-orientated personality and a strong “get-thingsdone” attitude.
• Ability to work both independently and in a team environment.
• Articulate in English in both written and oral form.
• Proactive and customer orientated approach to asset management.

Qualifications and experience

Barings is looking for a graduate with at least ten years’ relevant real estate asset management experience.

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Requisite SkillsAdditional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.