$ads={1}
About this role
BlackRock is one of the world’s pre-eminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance, to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading ETFs.
BlackRock Real Estate, part of the BlackRock’s Alternatives platform, manages over $24 billion in private and public real estate equity and debt in the US, Europe and Asia-Pacific. BlackRock’s Real Estate team manages debt and equity real estate investments on behalf of public and private pension plans, insurance companies, foundations, endowments and private investors. The platform manages a broad array of investment strategies, including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses all major property types including office, industrial, retail and residential.
About the Role:
Report to Head of China, the Associate role covers a broad range of duties and responsibilities on asset management, including provide first class asset management service to the existing investments and maximize the value of the property; regular reporting of existing investments, quarterly reconciliation and reporting to Fund management. The scope of assisting responsibilities will also include assisting with new acquisitions including preparing financial projections and evaluating potential investments, assisting in the preparation of preliminary investment memos, assisting with due diligence review, and project closings.
The Associate is a key link in the consistent collation and management of all data used by BlackRock to assess investment forecasts and performance, may be expected to be engaged in several projects in varying stages of analysis, at any one time.
The Associate may also be required to assist where needed to analysis assets outside of Shanghai in future, which may range from developments and corporate platforms to core assets.
Major Responsibilities:
- Represent BlackRock in the market as a reputable player of the highest integrity consistent with the Firm’s values
- Maintain an up to date understanding of real estate market sectors, cycles, and key performance drivers
- Work with asset manager at director level, be responsible for all asset management related issues, including but not limited to: (1) Provide proactive, first class asset management service to all investments, ensure asset performs in line with forecast (2) Work with other business units on refinancing and asset exit (3) Execute business plan per forecast, maximize asset value
- Maintain effective working relationships with both BlackRock and external associates – e.g. real estate consultants, valuers, bankers, financial & tax consultants, and legal counsels
- Ensure that all recorded investment data and written divestment/investment proposals are of the highest quality and consistent with the Firm’s set standards to facilitate comparison and analysis
- Assist in the preparation of divestment/investment proposals and investment committee memorandums
- Source and provide research data supporting any update in key underwriting assumptions (markets rents, growth rates, vacancies, operating expenses, capital values, yields / cap rates, tax, financing, etc)
- Gain a full understanding of all the underwriting assumptions and testing these to optimise returns i.e. operating assumptions as well as capital structure and tax assumptions
- Assist in due diligence, preparation of external marketing material and maintenance of data room when the need arises
- Interface with other functions within BlackRock (in particular Fund Management, Capital Transactions, Corporate Finance, Finance, Risk & Quantitative Analysis, Legal, Risk & Compliance, Company Secretarial) to successfully close the transaction.
Experience, Skills & Knowledge Required:
- Possesses tertiary academic qualifications
- Minimum 8 years’ experience in real estate, strong leasing background preferred.
- Good Microsoft Excel, Word & PowerPoint skills
- Proven experience in organizing and managing multiple priorities and tight deadlines
- Flexible on working hours when needed, especially during quarterly reporting periods or when a divestment/investment is in progress.
- Excellent interpersonal and communication skills.
- Team player.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
