Description
Alternative Investments Fund - Real Estate
Origination, due diligence, development, and implementation of commercially viable distressed private equity investment opportunities in the real estate and allied sectors for the achievement of returns targeted by the investors in the fund.
Key Responsibilities:Prepare market reports to identify demand and supply drivers of the dealPlan the product type to optimize unit sizes and price for the marketDevelop financial models to test the financial feasibility of the deal under different scenariosIdentify and prepare key deal considerations that impact financial feasibilityPrepare the investment committee note for the approval of the deal by the investment committee
Coordinate with due diligence vendors to mitigate information gapsControl the due diligence process by continuously seeking updates from vendors and managing timelinesIdentify key issues during the due diligence process and working with management to propose mitigating measures
- Deal Documentation and Investment
Coordinate with the tax advisor, legal vendor, and internal legal team to deliver the draft deal documents within agreed timelinesPropose alterations to the deal documents by working with the management and development partnerManage and control the execution of the deal documents by coordinating with internal support teams, external vendors, management, and development partnerPlan and control the investment into the deal within agreed timelines by coordinating with management and internal support teams
Establish standards for improving the quality of financial reporting by external accountants and proposing ways to improve the presentation of financialsPrepare quarterly summary financials of SPVs based on historical financial statements and benchmark them against targetsPrepare revised forecasts of future periods in financial models to estimate revised returns and funding requirementsCompare revised investment returns with initial investment returns to assess reasons for variation and highlighting them to the management and development partner (project monitoring committee) for taking up control measures
Plan funding requirements of SPVs by evaluating shortfalls in finances and coordinating with external accountant and development partnerProcess infusions in SPVs in timely manner to ensure invoices are paid on timeWork with management and external vendors to raise debt for SPVs by assessing the impact of debt terms on the business plan, closing information requirements of lenders, and coordinating with internal legal team and external legal advisor for due diligence and review and finalization of transaction documents
- SPV Sales and Operations Management
Coordinate with development partner and external advisors to prepare the project for sales by ensuring adequate approvals from government, facilitating the closure of sales related documentation, and working with sales advisors for the preparation of sales collateralsMonitor the sales launch date, monthly sales, and sales price by comparing it with the business plan and highlighting deviations to managementManage the onboarding of housing finance providers by closing their information requirements and facilitating them in their due diligenceCoordinate with development partner to identify issues related to site infrastructure and resolving them by working with the seller of the land
Prepare quarterly investor reports by identifying key developments in projects and providing revised investment returnsResolve investor queries pertaining to projects and facilitating them in their monitoring and controlling activities
- Business Development and Process Flow Management
Establish and manage partnerships with developers and market intermediaries to improve the deal flow and capability of the fund to invest across multiple asset classesPlan and control the development of the website of the fund by reviewing the output of external vendors to improve the fund brandingDevelop standard operating procedures and reporting standards for all internal support functions and external vendors for smooth flow of operations
Candidate Profile:Functional Expertise:Minimum 8-12 yearsIndustry experience: Real estate and Infrastructure related experienceFunctional experience: Private equity, Investment banking, Management consulting
QualificationsMinimum Qualification required: Master's in Finance/ Master's Business Administration/ CAStream of Study – FinanceQualifications preferred: Postgraduate/Master's Business Administration/ CA/ CFA
