Asset Manager, US Real Estate Equity
Apply NowCompany: Legal & General Investment Management America
Location: Chicago, IL 60629
Description:
Overview
The Asset Manager will be an integral part of the team, driving performance and providing asset oversight in accordance with specified investment strategies.
In 2023 we launched our real estate equity platform in the U.S. based on the ethos and expertise built up over the last 50 years in the United Kingdom where we have assets under management of 18.4 billion. (LGIM internal data as of June 30, 2024. Figures reflect total managed assets including AUM from fund of fund structures.)
As Asset Manager, the candidate will work closely and collaboratively with the acquisitions team and provide recommendations for new investments. This role is expected to involve a combination of direct investments and managing key partnerships and third-party management relationships
Responsibilities
Qualifications
Salary Range
$110,000 - $150,000
The starting salary offer will vary based on multiple factors, including but not limited to the applicant's education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company's annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.
EOE Statement
As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment. (2024)
The Asset Manager will be an integral part of the team, driving performance and providing asset oversight in accordance with specified investment strategies.
In 2023 we launched our real estate equity platform in the U.S. based on the ethos and expertise built up over the last 50 years in the United Kingdom where we have assets under management of 18.4 billion. (LGIM internal data as of June 30, 2024. Figures reflect total managed assets including AUM from fund of fund structures.)
As Asset Manager, the candidate will work closely and collaboratively with the acquisitions team and provide recommendations for new investments. This role is expected to involve a combination of direct investments and managing key partnerships and third-party management relationships
Responsibilities
- Reporting to the Director of Asset Management the Asset Manager will provide oversight to specific assets including, but not limited to, the firm's long lease, multifamily, industrial, and build-to-rent strategies. The position will develop and execute on stabilized, value added, and ESG centric business plans.
- Perform financial analysis, including budgeting, variance analysis, and forecasting, to assess property performance and make strategic decisions.
- Monitor and analyze market trends, competitive properties, and economic indicators to make informed business plan recommendations.
- Develop and execute annual budgets and business plans in consultation with third party property managers and operating partners.
- Collaborate on budget forecasts and quarterly valuations
- Monitor and provide analysis on monthly, quarterly, and annual financial and operational reports
- Collaborate closely with acquisition team to provide operational insight, due diligence support and devise business plans.
- Work collaboratively with legal, accounting, tax and insurance teams.
- Stay abreast of industry trends, regulatory changes, and best practices in real estate asset management to drive innovation and continuous improvement.
- Promote LGIM America culture and values.
Qualifications
- Bachelor's degree in finance, real estate, or related technical field
- 5+ years of asset management experience working at a real estate investment company or financial services firm with direct asset responsibility.
- A comprehensive understanding of real estate and capital markets
- Exceptional quantitative and experience with asset management and property management software (e.g. Argus, Yardi)
- Excellent communication skills, both written and oral, with the ability to convey complex information clearly and concisely.
- Strong organizational skills and attention to detail with the ability to manage multiple deals under tight timelines simultaneously.
- Ability to work within a team environment with a high degree of collaboration and communication.
- Travel required.
Salary Range
$110,000 - $150,000
The starting salary offer will vary based on multiple factors, including but not limited to the applicant's education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company's annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include: supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.
EOE Statement
As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment. (2024)