Asset Manager Job

Asset Manager Role Profile

Purpose of the Asset Management role:

Asset management is concerned with two goals - to add value and drive improved returns. An Asset Manager is tasked with the strategic management of a designated pool of assets. They will typically be accountable for the performance of the asset, formulating a strategy for each asset and ensuring delivery of this via the use of internal and external teams.

Are you interested in finding a job in asset management? View all our property jobs here >>>>

Key Responsibilities of an Asset Manager:

The responsibilities of an Asset Manager will vary depending on the nature of the company they are employed by and the type of investment profile that company has - i.e., opportunistic, value add or core/core+. Roles where more value-add work is taking place will typically be more numerical in nature, for example. Typical role responsibilities include:

  • Work-up and deliver value-add projects supporting the short, medium and long term performance goals including (but not limited to) capex programmes, new lettings, lease regears, renewals, rent reviews, dilapidations and service charge strategy. Tasks within this include:

        • Leasing of properties, usually via external agents

        • Driving forward lease regears and renewals

        • Overseeing of projects - refurbishments, reconfigurations and redevelopment

        • Overseeing the delivery of arrears targets, rates mitigation and dilapidations through collaboration with the Property Management advisors.

        • Third-party management – instruct, lead, co-ordinate and supervise external professional teams (leasing agents, lawyers, project managers).

  • Overseeing the valuation process of assets.

  • Responsible for making commercially aware and financially robust recommendations to appropriate committees.

  • Maximise the financial performance, with key measures including NRI, valuation, return on investment and total return.

  • The production of quarterly reports and production of other internal reports as required

  • Deliver appropriate cost management against Business Plan.

Candidate Requirements:

  • A property degree

  • Qualified Chartered Surveyor

  • Experience in property management (if for a role which would be a first asset management position for the successful candidate) and asset management experience (if the role requires existing asset management experience)

  • Valuation experience/understanding

  • Negotiation and leasing skills

  • Strong writing, reporting and presentation skills

  • Strong commercial acumen and market awareness

  • Numerically able including skills for working with cashflows and asset level models (typically a requirement for more value-add focused positions, particularly when either working for a PE house or in a role with a JV relationship with one)

  • Well-presented and strong communication skills

Remuneration:

Asset Management packages vary, normally influenced by the type of company the role is working for with a varying ratio of basic salary and bonus split. Typically, more opportunistic/ value add companies will have a higher bonus allocation than a more institutional platform who would favour a higher basic salary, but of course every company is different. Packages will almost always have some benefits attached to them as well as an annual discretionary bonus. Broad salary level ranges are detailed below:

Role Seniority

Average Salary

Junior Asset Manager (1st AM role)

​£50,000 - £60,000

Mid-level Asset Manager

£60,000 - £80,000

Senior Asset Manager

£80,000 - £100,000

Director level Asset Manager

£100,000 - £120,000

Head of Asset Management

£120,000 - £150,000

  • "I would give your agency 10/10 for the service provided. You kept me informed with the progress, work with a high level of integrity and have been transparent throughout this process."

    Jazz.B

    Candidate
  • ​"My experience with John at Falmouth Fairfax was superb. He was very professional and intuitive, understanding the type of role I was looking for and seeking out the right opportunity. He was extremely knowledgeable about his clients, provided supportive advice and kept me informed with feedback from the employer throughout the process. I can unequivocally recommend John without any reservations. His services are without doubt one of best on the market."

    R.C

    Candidate
  • ​"John provided white glove service superior to any other recruitment firm I have worked with since arriving in the UK. He is very knowledgeable about the development industry, cares about his clients and could speak in detail about the roles and companies he was recruiting for.​I would absolutely work with F&F again but fortunately am no longer looking for a new role thanks to John."

    Kate.C

    Candidate
  • ​"Falmouth Fairfax has gone over and above expectations. I would not change a thing! Falmouth Fairfax has played a critical role in helping me secure a new role. Bronwyn was diligent and listened to my requirements throughout the recruitment process and expertly matched me to a suitable client. The team at Falmouth Fairfax has been professional throughout whilst keeping a personal and supportive approach. I would highly recomend using their services!"

    Rami.S

    Candidate
  • "Lucy has been instrumental to some of my biggest career decisions. Herself and the team offer invaluable advice and truly understand which roles are the perfect fit. I could not recomment Falmouth Fairfax enough! Both Lucy and Bronwyn were incredibly helpful through every stage of the the recuitment process and provided great support when it came to interview preparation and decision making."

    A.B

    Candidate
  • ​"My experience with FF was outstanding. Lucy Cook always kept in regular contact, keeping me up to date with feedback from the employer and made the entire process seamless. I cannot recommend FF enough for the professional service delivered and their candidate centric approach."

    David.L

    Candidate
Image 2021 10 20 T10 10 18
Banner Default Image