Chief Housing Investment Officer
Phillips Consulting, Nigeria
Job Description
Our Client, a Social Housing Finance Company, is committed to delivering affordable housing to Nigerians in most need. They aspire to be the continent’s leading affordable housing financing institution. To achieve that vision, they are passionate that the homes they finance are built to high-quality standards, are sustainable, and create places people are proud to live in.
They seek to employ a suitable candidate as the Chief Housing Investment Officer.
The suitable candidate will be responsible for leading the Business Development of the funds towards achieving the ambitious target of providing good quality and affordable homes to 500,000 families on low and medium income by 2023.
Requirements
The responsibilities of the Chief Housing Investment Officer include:
- New business development, particularly investment opportunities in new affordable housing projects across the 36 states and the Federal Capital Territory of Nigeria.
- Develop strategic partnerships with large scale house builders/developers, financial institutions e.g. The Federal Ministry of Power, Works and Housing, State Governments and other industry players;
- Overall management of individual funds ensuring high quality origination, compliance with agreed risk acceptance policies and long-term sustainability.
- Ensure funds’ investments generate high social and environmental impact, particularly the creation of new jobs.
- Serve as the senior investment executive and expert in all aspects of Real Estate Investment and Portfolio Management for the company, from deal-flow to execution.
- Serve as a member of the Investment Committee and provide sound and fully supported recommendations and advice on the investment mandates.
- Execute against formulated investment strategy by sourcing, underwriting, and executing transactions to ensure optimal and timely investment and performance
- Assess and present performance of the company’s investment and measure against appropriate benchmarks
- Monitor investments performance, including compliance and responsibility for any amendment or restructuring requirements
- Implement investment and risk management policies in line with the company’s mandate.
- Manage and develop team of investment management professionals.
Skills amp; Competencies
- Creative Marketing and Resilience
- Risk Monitoring and Control
- Strategy Planning and Implementation
- Politically Savvy
- Relationship Management
- Analytical Thinking
- Business Development and Continuity Management
- Decisiveness
- Property Law/ Property Valuation
- Business Continuity Planning and Management
- Verbal and written communication
- Budget preparation, interpretation, appropriation and monitoring
- Negotiation
- Attention to detail
- Project Management
- Underwriting
Education and Experience Required
- Recent experience of managing a $100-$500 million portfolio in Real Estate strongly preferred
- 10+ years of senior level real estate investment management or similar expertise, including deal origination, appraisals and documentation
- Must be eligible for accreditation as a registered sponsored individual by the Security and Exchange Commission (SEC)
- Demonstrated business development skills, including building sustainable client relationships.
- Strong communications skills.
- MBA or a related qualification
- Flexibility to meet changing needs and priorities.
- Significant experience with Boards, preferably with a Financial Institution or REPE Funds exposure.
- An interest in and desire to contribute to the objectives and vision of the the company to house 500,000 Nigerians on low/medium income by 2023.