Real Estate Retail Senior Associate Asset Management - based in Frankfurt

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.Nuveen.com 

Overview of the Role: 

The Senior Asset Manager Retail, reporting to the Head of Retail Asset Management, Northern Europe, will take asset management responsibilities for a portfolio of retail properties that can include outlets, shopping centers and retail parks across the Northern European region (Germany, Austria, Poland, BeNeLux), and will support the retail investment team in regard to investment introductions (3-pagers and full investment recommendations). 

Key responsibilities will include: 

• Responsibility for the performance and the operating management of portfolio(s).  

• Support investment introductions (due diligence and approval processes)  

• Develop and implement strategic business plans for each asset  

• Organize handover processes for acquisitions  

• Annual business planning (incl. operational budgets)  

• Analyze performance and identify strategic value enhancement potential  

• Prepare investment recommendation for identified asset management initiatives 

• Co-ordination of external resources (service providers) to ensure BP can be delivered  

• Drive (re-)letting activities / Initiate CapEx projects  

• Develop (re-)positioning and marketing strategies with external service providers  

• Annual/quarterly valuation updates  

• Quarterly property management meetings  

• Quarterly reporting to investors/banks/auditors  

• Monthly calls with PM on evolution of bad debt positions  

• Regular contact to PM to deal with day-to-day decisions  

• Handling of legal claims, warranty issues, day-to-day invoices, contracts  

• Regular site inspections  

• Meetings with local politicians/key retailers  

• Operational approvals/controls 

• Give exit recommendations (incl. operational support in vendor DD) 

Qualifications & Experience Required  

• Have significant professional industry experience, ideally in the asset/fund management sector 

• Network with leading German and international retailers and sector specialists  

• Good knowledge of the Real Estate market 

• Portfolio management skills with proven ability to asset management 

• Enjoy working in an international workplace with multi-cultural teams 

• Good understanding in terms of tenant mix & performance, and operations 

• Financial, analytical and modelling skills 

• Software skills: Proficiency and Microsoft (including Excel, Word and PowerPoint) 

Competencies Required 

• Strong communication and negotiation skills 

• Good team player contributing to the success of Nuveen Real Estate 

• Act in line with Nuveen Real Estate’s Company Values