Real Estate Retail Senior Associate Asset Management - based in Frankfurt
Real Estate Retail Senior Associate Asset Management - based in Frankfurt
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Job Description
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 worldclass platform provides. As a global asset manager our mission is to work in partnership with our clients to create outcomefocused solutions to help them secure their financial future. For more information about the firm please visit our website at
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 3pagers 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
Coordination 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 daytoday decisions
Handling of legal claims warranty issues daytoday 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 multicultural 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 Estates Company Values
Additional Information
This role requires no regulatory designation.
Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers including individuals with disabilities. Please contact should you require any assistance.
Career Level
6IC
Company Overview
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 listed 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 worldclass platform provides. As a global asset manager our mission is to work in partnership with our clients to create outcomefocused solutions to help them secure their financial future. For more information about the firm please visit our website at
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone:
Privacy Notices
For Applicants of TIAA Nuveen and Affiliates residing in US (other than California) click here.
For Applicants of TIAA Nuveen and Affiliates residing in California please click here.
ForApplicants of TIAA Global Capabilities click here.
For Applicants of Nuveen residing in Europe and APAC please click here.
Required Experience:
Senior IC
Employment Type
Full-Time
