FundManager Who We Are Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives.
We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all.
Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years Principal Real Estate Europe (PrinREE) is part of Principal Financial Group's dedicated real estate business, Principal Real Estate, which manages or sub-advises §97.5 billion in real estate assets globally.
The group's real estate capabilities cover all four quadrants encompassing public and private, equity and debt investment solutions.
In Europe, Principal Real Estate operates from offices in London, Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan, employing more than 100 staff who manage real estate across all asset classes and in nine different countries.
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//www.principalam.com/eu/investment-strategies/real-estate Principal Real Estate Paris team is composed of 20 people and manages various international funds, portfolios and clients, through regulated or non-regulated vehicles.
Portfolio Manager of a French SCPI launched end of 2022 and investing in Industrial and Logistics assets across Europe The role consists in managing a pan-European portfolio currently composed of 9 assets and implementing the investment & assetmanagement strategy throughout Europe to grow the fund and achieve the targeted distribution.
The role will be in daily direct contact with our client (French AIFM, the FundManagement company of the SCPI).
The role is supported by an Analyst.
Reporting line :
Head of Transactions & Portfolio Management, France What You'll Do Here are some things you will be doing:
Transaction Review new deal opportunities with the local transaction teams (Germany, Spain, Italy, Portugal, UK, the NL and France) Review & challenge deal underwriting (cash flows, analysis, rationale..
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) Coordinate deal presentation to the client with the analyst Review (mark-up) of indicative bids/LoI/Head of Terms Review of DD findings (with a critical approach), discussions with transaction team and consolidation of findings for the client Review of the SPA / Deeds of sale Coordination of deal execution AssetManagement Regular exchanges with local assetmanagement teams to implement the assetmanagement strategies at asset levels (reletting, CAPEX) Review of the quarterly assetmanagement reporting prepared by the assetmanagers and the analyst of the FundManager Review, consolidation and analysis of CAPEX and OPEX budgets together with the analyst & the financial controlling team Portfolio/FundManagement Bi-annual update of the business plan through discussion with assetmanagement teams Liaise with client's fundmanagement team on regular update of the business plan and inclusion of the acquisition pipeline Review of various analysis prepared by the analyst (reletting scenarios, arrears analysis) Anticipate bank financing needs Implement bank financings (RFP, review/negotiation of term sheets, review/negotiation of loan agreement, coordination with client and lawyers) Following this, organisation of loan covenant follow-up that will be prepared by the analyst Client relation Weekly transaction calls with the client (pipeline presentation, discussion on major DD findings etc) Quarterly meetings with the client on main general topics (reletting, major works projects, ESG follow up, budgets, etc) Daily discussions with the client (top management, fundmanagement team, accounting team) on various topics ESG Support the client in implementing the Fund's ESG strategy (Label ISR).
Preparation and involvement in the annual ISR audit meeting Organise of ESG audits carried out at asset level as part of the label (tendering and selection or service providers, scheduling, monitoring and review of the reports) Ensure that SRI grids are properly updated with the assistance of the analyst and organization of data reporting to the client Financial controlling Supervise the local financial controllers Review/discuss on material controlling findings (arrears, actual vs budgeted) Coordinate answers to financial advisors/auditor's and client's requests when necessary Who You Are Higher education degree (Bac5 / Master 2) from a business school, an engineering school or a Finance/Real Estate University Master 7 years of experience in the real estate industry, preferably on a Portfolio Management position and on regulated vehicles (SCPI, OPCI, FIA) Experience in Transaction Management is necessary Good knowledge of the European financial & real estate market Excellent analytical, synthesis & communication skills Native French & fluent English are required, additional European languages are a plus Experience in management is desirable (analyst) Very good command of the Office suite, especially modelling skills in Microsoft Excel.
Experience with Argus and Yardi are desirable.
Qualities required :
pro-active, self-starter, organized and efficient, capacity of adaptation to work closely with teams in various countries, team player.
Your Experience with us At Principal, we value connecting on both a personal and professional level.
Together, we're imagining a more purpose-led future for financial services and that starts with you.
Our success depends on the unique experiences, backgrounds, and talents of our employees.
And we support our employees the same way we support our customers:
with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.
Location Based in our Paris office.
Type of contract & Compensation Contrat à Durée Indéterminée Attractive compensation (base salary bonus) according to candidate profile and experience PrincipalAssetManagement Paris Expérience souhaitée
