Secure Income Property Analyst

Recruiter
Confidential
Location
Epsom
Salary
Competitive
Posted
03 Jul 2022
Closes
05 Jul 2022
Sectors
Accountancy
Contract Type
Permanent
Hours
Full Time
Job Profile Summary

Role Synopsis:
BP Pension Trustees Limited ( the Trustee ) is the corporate trustee that manages the BP Pension Fund ( the Fund ), BP s UK defined benefit pension fund. The Fund, with assets of GBP28bn and 65,000 members, is one of the largest private sector pension funds in the UK. It is closed to new entrants but open to future accrual.
BP Investment Management Limited ("BPIM") is the in-house investment manager for the BP Pension Fund and is regulated by the FCA. We are looking for a dynamic individual to join the BPIM team. We have an open and inclusive culture, with a strong emphasis on teamwork.
The Secure Income Property Analyst reports to the Head of Property, who reports to the CEO BPIM. The role will also have a dotted line to the Head of Secure Income.
The Secure Income Property Analyst is responsible for the day-to-day analysis (and monitoring) of long term and secure income property investment opportunities across a wide range of real estate markets and investment types. This will include income strips. The role will work closely with the Head of Property and the team s Portfolio Managers. The role also involves the development of robust analysis and monitoring models to ensure assets are valued appropriately at purchase and then perform in line with purchase expectations. They should also be familiar with the interpretation and analysis of company accounts and financial information, placing them in a market and sector context.
Real estate secure income are generally long-term, physical assets that generate attractive, risk-adjusted returns. These assets also help cushion the Fund against business-cycle volatility. We are focused on building a diversified portfolio of long-term, tangible assets which deliver stable and growing cash flows to the Fund subject to appropriate approvals across a number of real estate sectors.
Key Dimensions:
BPIM directly manages most of the Fund s growth assets of approx. GBP14bn and is responsible for the delivery of services to the Fund with regards to financial and operational activities for all of the Fund s assets.

Key Accountabilities: In depth and detailed analysis of possible property investment assets (working alongside Head of Property and Portfolio Managers), including IRR, NPV and scenario testing

Creation of robust analysis models to assist the purchase and valuation process and to ensure assets meet the long-term strategy

Monitoring of existing long income properties to ensure they are performing in line with original expectations and recommend any required action to Head of Property

Monitoring the past performance of the Secure Income (SI) asset portfolio relative to the benchmark and undertake attribution analysis to explain reasons for under or over performance.

Review and analysis of tenants company financial information, including report and accounts and management accounts, prior to purchase to ensure tenant s financial strength is in accordance with investment requirements

Establish a suitable model to monitor existing tenants financial strength, both absolute and relative to their sector and RAG report as required.

Preparing and presenting reports to the Investment Committee/Trustee Board as required.

Work with the Head of Property and the Fund s investment strategy manager to manage the cash flow

and liquidity requirements of the SI assets.

Create new operational and investment processes as required

Ensure operational controls and processes are adhered to & monitored correctly

Assisting properly team with research on specific investment sub-sectors when required

Job Advert

Essential Education:University degree

Essential Experience and Job Requirements: Strong understanding of, and an ability to analyse, a company s report and accounts and financial statements

A solid foundation in IRR, NPV and cashflow modelling and ability to create suitable excel models

Prior experience of real estate assets and valuation approach

Performance attribution analysis

A solid understanding of core SI real estate asset classes and a good level of knowledge and skills in respect to more complex investments (i.e. income strips).

Strong analytical mind with the ability to take a wide range of complicated views and data and bring it together into a coherent view.

The ability to focus on broader strategic objectives is key and knowing how specific components of the role interact with other parts of the portfolio is essential.

Advanced excel skills

Strong written and verbal communication skills are required to communicate with stakeholders who have different backgrounds, knowledge and understanding.

The person in the role will need to be seen as a credible individual who is able to communicate and build relationships with a variety of stakeholders ranging from the Trustees, the company and external consultants.

Collaborative and effective team working - consider all necessary angles in coming to a decision, and ensures involvement with relevant stakeholders as necessary

Desirable Criteria: Property development cashflow accounting and analysis

Accountancy training and experience (ie ACCA, CIMA)

Cross asset class experience (in particular fixed interest or credit analysis)

Experience with property valuation systems such as KELL or Argus,

Knowledge of MSCI performance analysis / attribution

Key Challenges:Ability to work in a fast-changing environment with tight deadlines

Ability to form views on corporate financial strength with limited information

Working across a large number of stakeholders

Ensure awareness of market conditions and of assumptions used in models and advice used by the team; particularly awareness of key reliances and sensitivity to assumptions.

Monitor the SI assets strategy implementation in an efficient and timely manner & provide detailed insight into the Fund s investment performance to the Head of BPIM and Fund CIO and the IC.

Ensure the required documentation such as policies and IC or Board Papers are to the expected high standard.

Excellent time management skills are required to meet milestones deadlines when pre-set Trustee and / or BPIM board and committee meetings are held to ensure timely sign off of any proposals

Ensuring accurate analysis and insightful concise reporting to the Trustee and / or BPIM board and Trustee IC.

Building strong positive relationships across experienced stakeholders

This role is not a FCA Controlled Function and therefore not FCA regulated.

Entity

Regions, Cities & Solutions

Job Family Group

Finance Group

Relocation available

No

Travel required

No

Country

United Kingdom

About BP

REGIONS, CITIES & SOLUTIONS

Being part of regions, cities and solutions (RC&S) means bringing together the best of bp to build enduring relationships with regions, countries, cities and corporations around the world. Together we can provide innovative, integrated and decarbonised energy solutions at scale to help the world reach net zero and improve people s lives.

Working within RC&S you will be:

• providing a single 'face' and a joined-up approach to managing key political, business, community and country stakeholders - working closely with our other bp entities
• delivering intelligence, security, crisis management and geopolitical insights across all of our businesses
• driving excellence and consistency in how we establish and manage all of our non-operated joint ventures (NOJVs)
• identifying and delivering new integrated energy solutions to help decarbonise countries, cities and corporations by bringing together capabilities, products and services across our platform and with our strategic partners, creating value greater than the sum of its parts

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