Asset Manager, Residential

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.

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

This role is responsible for supporting the Victorian Senior Residential Manager to deliver outstanding investment returns within the investment objectives and constraints established. The incumbent will be responsible for managing local relationships and asset management. The role will focus on strategically adding value to their assigned properties.

A major objective of this position is to promote strong teamwork both internally and to establish a stronger link with the market and external parties that will result in better investment outcomes. This role will also be involved in the broader aspects of the real estate business, including analysis and review of investment opportunities.

Primary Responsibilities

Strategy Development and Execution

• Work with the investment teams to fully understand the position of each asset in its respective market from a leasing and investment perspective and underlying factors which may influence it, such as governmental initiatives, public infrastructure etc.
• Oversee the management of the assets so the BTR/Residential portfolio is strategically positioned and value adding.
• Preparation of annual budgets and reporting on performance against targets
• Build strategic internal and external partnerships and relationships outside and within the organisation to create opportunities and collaboratively execute business strategies.

Operations Management

• Management of contractor performance in accordance with the contract, brand and operational guidelines and service level expectations and set performance criteria.
• Close the loop on any learnings so the BTR design and operating standards are up to date and consistent across the assets.
• Ensure the property management and resident engagement technology and systems implement deliver seamless integration, effective reporting and transparency across financial reporting, property management accounting, lead tracking, leasing, resident engagement, and experience.
• Contributing to the strategic evaluation of any new value add opportunities.
• Work closely with the appointed leasing team on the execution of the leasing strategy and co-ordinate the leasing meetings for assets.
• Performing property site inspections to ensure compliance with any outsource property management agreement.
• Oversee the site mobilisation leading up to practical completion of relevant sites.
• With the Victorian Senior Residential Manager, undertake annual performance reviews of key contractors and providers.

Development

• Working closely with development teams and any external consultants to contribute to the effective delivery of the projects and operational plans through to management of commissioning.

BTR Brand

• Execute the “BTR Brand” Strategy by working closely with the marketing team and any outsource provider undertaking any Property Management, Leasing or ancillary services.
• Ensure any outsourced provider works to the “BTR Brand” Guidelines.
• Be one of the faces of the “BTR brand” to the BTR market and across relevant Industry bodies (PCA)
• Approve the annual Resident Engagement Plans for each asset.

Financial

• Oversee the annual property budgeting process.
• Achieve/exceed budgeted financial outcomes for BTR assets.
• Ensure up to date market rent analysis/benchmarking is regularly undertaken an informs leasing outcomes at the assets.
• Collaborate to ensure data and insights from BTR operations is available, easy to understand, report on and apply.
• Identify and co-ordinate the instigation of ancillary revenue streams.

Stakeholder Management

• Maintain and further develop external partnerships with key stakeholders.
• Collaborate with the on-site management team to design and implement resident retention strategies.
• Conduct regular site visits to ensure all properties are operating efficiently and under company policies and procedures and in line with any outsource provider agreement.
• Represent the business in Industry forums and with other key external stakeholders.

ESG

• Support and implement where possible ESG requirements for each asset in line approved ESG Framework.

General

• Meet the legal and regulatory obligations of the Trustee and Manager of the respective Funds and Joint Venture agreements.
• Adhere to the policy and procedures of the organisation and contribute to a positive culture within Barings and with its partners and investors.

Qualifications

• Superior tertiary qualifications in property, finance, business, or a related discipline.
• Minimum 7+ years’ experience in the property sector in an asset management or investment role within residential/BTR asset class.
• Experience with the ongoing management of property assets.
• Sound knowledge of Australian property markets.
• Strong knowledge of valuation principles and practices applicable to residential/BTR property sectors.
• Strong people and relationship management skills.
• Strong influencing and negotiation skills
• Strong quantitative and analytical skills.
• Superior written and oral communications skills.
• Strong financial modelling skills.
• Flexibility and adaptability to change.

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Requisite Skills

Residential Construction, Residential Management, Residential Property, Residential Property Development

Additional 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.