We are seeking a Construction (Development/Fund Monitoring specialist) Director, with real estate Development/Construction and Asset Management experience who will report into the General Partner.

Client Details

Our client is a private investment firm that invests across the capital structure into European asset-backed opportunities. They specialise in providing private capital solutions across real estate, infrastructure, hard asset and financial asset markets.

The firm is focused on European small to mid-cap special opportunities and provides asset-backed capital solutions to small and mid-cap businesses and institutional investors.

They current manage approximately $4 billion of discretionary capital on behalf of pension funds, endowments, foundations, and other institutional investors.

Description

Construction Director (Development/Fund Monitoring specialist)

The role:

• 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;
• Implementing procedures for Due Diligence;
• Managing external construction teams and design teams;
• Managing external enhanced monitoring teams;
• Working with external monitoring surveyors accessing the technical due diligence of new deals;
• Reviewing monthly monitoring surveyor reports;
• Tracking construction cost and programme changes across the projects;
• Approving UTR requests for construction related drawdowns;
• 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

Construction Director (Development/Fund Monitoring specialist)

Skills & Experience:

• Chartered Surveyor (RICS qualified) Quantity surveyor or Building surveyor/ Highly analytical & numerate / Risk management & reporting / Real Estate Construction AM;
• Minimum 15+ years' experience in real estate development / construction / asset management;
• Highly diligent, hands on and process driven;
• Persistent and organised;
• Strong planning, organisational, negotiation and analytical skills;
• Spanish speaking and a track record of managing projects in Spain will be considered advantageous.

Job Offer

A competitive salary and bonus structure