Job Title: Asset Manager
Type: Permanent / Full Time / Monday to Friday / 37.50 hours per week
Location: Hybrid role with a requirement to work from the Northampton office 3 days per week
Salary: £42k - £50k plus car allowance
Full, clean driving licence (essential)
Purpose of the Role: The Asset Manager is an important role in Bright Horizons UK, with responsibility for the property and asset management of circa 120 - 150 nursery settings. The role will ensure that each nursery can operate from the building/grounds securely (lease term, planning) and flexibility which is appropriate to each individual nursery, be it a community or client nursery, leasehold or freehold. The Asset Manager will work with operations and other supporting functions to formulate and document a property strategy. This role comes with accountability for reviewing lease terms, checking service charges, insurances, business rates, mitigating costs across the nursery portfolio including keeping rents as low as possible and recording information promptly on the property management software.
Key Responsibilities:
* Provide day to day property management and work in collaboration with the finance team to ensure rents, service charge, business rates and insurance are paid on time and efficiently.
* Keep CRM up to date regarding lease renewals, rent reviews, breaks and other necessary information.
* Build relationships with landlords and assist in the asset management strategy for each nursery.
* Regularly plan and visit nurseries in the Asset Management portfolio, such as 1 – 2 days per month, to meet with operations teams to understand property-related challenges.
* Handle day to day enquiries from nurseries and support functions.
* Work collaboratively with other support functions to improve processes and enhance efficiency and quality of information.
* Formation of a central database of rents, yields, insurance, and service charges.
* Undertake rent reviews, lease renewals, and disposals, working with external consultants as necessary.
* Formulate a property strategy for each nursery, considering financials, demographics, and supply/capacity in the nursery catchment area.
* Manage property acquisitions for replacement or new locations, preparing and presenting reports to support business cases.
* Seek opportunities to add value to nursery operations through development opportunities or cost mitigation strategies.
Responsible For:
* Reviewing and approving rent, service charges, and insurance payments.
* Managing 3rd party and vacant properties in coordination with finance and facilities teams.
* Building relationships with operations to resolve property-related issues.
* Formulating and reviewing Asset Strategy for each nursery annually.
* Preparing reports for lease renewals and rent reviews.
* Managing break clauses and dilapidations.
* Preparing divestment/disposal business cases.
* Identifying opportunities to add value, reduce costs, or increase flexibility.
* Managing business rates strategy and working with consultants for assessments.
* Collaborating with facilities to complete business cases for capital investment.
* Coordinating due diligence prior to acquisitions.
* Agreeing Heads of Terms for purchases or leases.
Essential Experience:
* Property/Asset/Estate management experience across a commercial property portfolio.
* Experience in property acquisitions and development.
* Strong PC skills - Microsoft Word, Excel, Outlook, PowerPoint.
* Experience with Property Management systems.
* Knowledge of L&T law and lease review processes.
* Good understanding of planning and party wall issues (desirable).
Qualifications Needed:
* Relevant first degree and professional qualification in Property/Estate Management (desirable).
* Demonstrable experience in Commercial Property Management (essential).
* Chartered Member of Royal Institution of Chartered Surveyors (MRICS) (or working towards) (desirable).
Personal Attributes:
* A desire to provide high-quality customer service.
* Excellent influencing and communication skills.
* Ability to manage a busy workload and prioritize effectively.
* Strong interpersonal and negotiating skills.
* Highly motivated and driven.
* A positive collaborative approach.
* Able to use data effectively to implement strategy.
Bright Horizons are committed to creating inclusive environments where everyone has a sense of belonging. We are an inclusive employer and welcome people from all backgrounds to apply. Please note, due to our sector, all roles are subject to an Enhanced DBS.
We look forward to receiving your application!
If you experience any problems, please email europe.recruitment@brighthorizons.com and we will be happy to help.
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