Retail Asset Manager (m/w/d)

PIMCO Prime is looking for an experienced Real Estate Asset Management professional (m/f/d) with a strong background in the retail sector to join its team in Frankfurt. The person will be responsible to manage various shopping centers in Europe with a focus on optimizing the performance and value of our retail assets, ensuring they meet financial and operational goals. This role requires a strategic thinker with excellent analytical skills, a deep understanding of the retail market, and the ability to foster strong relationships with (operating) partners, tenants, stakeholders, and team members. The role comes with responsibility to develop and implement active asset management strategies to maximize property value and performance, in close collaboration with the external center management teams.  

The role is based in Frankfurt, but a high level of flexibility is required as the assets are mostly located outside of Germany (currently i.e. Ireland). The applicant can be expected to be involved in all varying stages of the investment cycle.

Direct experience in property portfolio management is helpful, as well as working with joint ventures.

Key Responsibilities

• Property and performance responsibility according to the vision "Active manager of the performance of our properties":
• Work closely with third party service providers and joint venture partners (including property and asset managers, leasing and investment agents etc.) driving their performance, creating optimal business plans and ensuring investment performance is in-line with the business plan
• Handle the communication with external parties (agents, brokers, property managers,architecs vendors, property surveyors); control and steer their work
• Collaborate with center management teams to ensure efficient day-to-day operations of shopping centers
• Target/actual comparisons, independent check of the ongoing weekly result (plan/actual deviations). Execution of any required arrangements for explanation of the deviations and presentation of the deviations in the relevant meetings
• Take a leading role in the creation of the annual business planning for the properties and  align on the (joint venture) business plans
• Development of action strategies and options (including repositioning) taking account of market and life cycle and investor-specific investment strategies in agreement with other departments
• Ongoing contract and process optimisation for the supported assets
• Focus on investor requirements across all key established KPIs including financial returns, operational excellence, sustainability and smart requirements

• Work closely with investment team in order to ensure good practices and latest knowledge are included in a “Buy Manage Sell” process ; prepare hold /sell analysis papers, refinancing and other relevant documents for the Investment Committee
• Takeover of properties in the managed portfolio
• Prepare quarterly investment updates and answering to investor ad hoc requirements

• Become an expert in internal systems and schedules in order to deliver product on time and as per local or investment requirements
• Parameter planning: Take up market perspective for incentives, market rents and prolongations 
• Assurance of the optimal product design for the requirements of the target customers
• Preparation and support for property sales        and/or other events in an asset life cycle                                             
• Control of the creation and implementation of appropriate letting actions and strategies
• Commercial support in the course of the purchase / sale process and identification of potential investments through own network   
• Gather the appropriate market research and review real estate surveys and benchmarks, economic and demographic trends for relevant sectors
• Content-related integration of the management of the property of the associate and analysts

Key Requirements

• A minimum of 5 years’ experience with solid academics (educated to degree level), ideally holding qualifications in engineering/science, finance, economics, or business studies
• Extensive market knowledge in the retail sector, ideally shopping centers
• Good knowledge of MS Office and Inventory-managing systems (SAP, Filenet, Argus)
• Historical experience in development implementation considered an advantage
• Experience of presentation preparation and research
• Strong negotiating, communication and presentation skills
• Spoken and written English skills at negotiation level are a prerequisite
• Very good financial modelling skills
• Execution experience with ability to prioritize and meet multiple deadlines
• Positive attitude and “can-do” mindset
• Strong ability to work in a team
• Ability to work in a diverse environment with different cultures
• Above-average commitment and persistence in carrying out projects

Other Desired Attributes

• Professional and positive attitude
• Cultural fit
• Commercial acumen
• Confident decision making and ability to be proactive
• Ability to effectively operate in a cross-cultural environment

Benefits

• Onboarding: A mentor, a buddy program and a global welcome event will help you getting started.
• Learning: A large portfolio of continuous learning opportunities will help you staying relevant in your current role and growing into future workplace demands.
• Working place: An open and international working environment with a diverse and inclusive culture will inspire your everyday work. A working model which balances remote and office based work will give you the flexibility to organize the way you work.
• Benefits: A company pension scheme, well-being initiatives, sports offers and other local benefits will allow you achieving a positive work life balance.

PIMCO Prime Real Estate ist ein führender weltweit agierender Immobilieninvestor und -manager. Das Unternehmen ist eine Tochtergesellschaft von PIMCO und Teil der PIMCO-Immobilienplattform. Es konzentriert sich auf die Marktsegmente Core und Core+ und verwaltet das Immobilienmandat der Allianz Gruppe im Wert von 90 Mrd. USD. Wir verwalten ein globales Investmentportfolio mit einem Volumen von über 95 Mrd. US-Dollar mit einem internationalen Team von ca. 500 Kollegen in 16 Büros in Belgien, China, Deutschland, Frankreich, Großbritannien, Italien, Japan, Schweden, Singapur, Spanien und den USA aus. Die Immobilienplattform von PIMCO ist eine der größten und am stärksten diversifizierten der Welt, mit einem Vermögen von 187 Milliarden US-Dollar. PIMCOs breite Angebotspalette baut auf die langjährige Expertise des Unternehmens in den öffentlichen und privaten Beteiligungs- und Finanzierungsmärkten auf.  

Die Allianz Group ist eine der am meisten vertrauten Versicherungs- und Vermögensverwaltungsgesellschaften der Welt. Die Betreuung unserer Mitarbeiter, ihrer Ambitionen, Träume und Herausforderungen macht uns zu einem einzigartigen Arbeitgeber. Gemeinsam können wir ein Umfeld schaffen, in dem sich jeder befähigt fühlt und das Vertrauen hat, zu forschen, zu wachsen und eine bessere Zukunft für unsere Kunden und die Welt um uns herum zu gestalten. 
Wir bei der Allianz glauben an eine vielfältige und integrative Belegschaft und sind stolz darauf, ein Arbeitgeber für Chancengleichheit zu sein. Wir ermutigen Sie, Ihr ganzes Selbst bei der Arbeit einzubringen, egal, wo Sie herkommen, wie Sie aussehen, wen Sie lieben oder woran Sie glauben.
Wir freuen uns daher über Bewerbungen unabhängig von ethnischer oder kultureller Herkunft, Alter, Geschlecht, Nationalität, Religion, Behinderung oder sexueller Orientierung.
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