Job Overview
Redpath Partners is proud to be partnering with IDA, a private real estate investment manager specialising in the financing of medium to large-scale Australian real estate development projects.
IDAs proprietary approach to business involves co-investing meaningfully in its transactions and funds alongside its investment and development partners.
The group adopts a rigorous investment approach, based on the collective observations, training and experience of a first-class team of investment professionals with expertise across a diverse range of finance and real estate sectors.
This has yielded over 12 years of sustained asymmetric investment performance achieved across multiple real estate sectors and economic cycles.
Role
As an active real estate investor and financier, IDAs role is traditionally front-end focused, with particular emphasis on partner selection, acquisition due diligence, feasibility construction, project balance sheet structuring and risk analysis/mitigation strategies.
Whilst not a developer in their own right, IDAs investments commonly involve joint venturing with third party developers to assist in the origination, structuring and execution of transactions as an equity partner and participant in profit, risk and decision making.
This allows IDAs development partners to focus intensively on delivery outcomes (site acquisition, town planning, sales and marketing, construction procurement).
Key Responsibilities
* Leading IDAs investment assessment and due diligence (sponsor, property, feasibility and business case), and working with IDAs investment analysts and transaction team, overseeing preparation of internal investment committee recommendations (detailed financial assessment, investment papers and meetings)
* Assuming lead responsibility for managing a select portfolio of IDA investments and development partners
* Assisting the IDA Executive team with new business development, including relationship management, bid proposals and acquisition strategy
* Assisting the IDA Executive team with annual investment strategy and business plan development
* Working with the CIO, evolving and executing IDAs internal portfolio monitoring, risk and reporting regime to the IDA executive and Investment Committee(s) to enable enhanced decision making
* Ongoing active investment monitoring and evaluation (IDAs investments generally involve development risk as opposed to passive assets)
* Assisting the CIO with preparation of detailed investment information memoranda and offering documents
Candidate Requirements
A collaborator, an acquirer and sharer of knowledge; success isn't completing tasks, success is getting the job done right, profitability and with relationships (internal and external) respected and enhanced.
Keen eye for detail, with a considered and adaptable focus between process, efficiency and outcomes.
Experience and Qualifications
Minimum 15 years of relevant experience (real estate investment, development, valuations); multi-sector experience preferable with particular focus on residential built form, industrial and commercial sectors.
Tertiary qualification in a relevant field - real estate valuation, land economics, construction; preferably a post-graduate degree in finance.