Fund Analyst (m/w) in München
LaSalle Investment Management (“LaSalle”)
LaSalle Investment Management (“LaSalle”) is a global real estate investment manager with $59.7 billion of private
and public real estate assets under management and nearly 700 people in 24 countries worldwide. Our diverse
investor base includes public and private pension funds, insurance companies, governments, endowments and high
net worth investors from across the globe. LaSalle sponsors private separate accounts, private open and closed-end
commingled funds, and public real estate securities programs. As a wholly-owned member of the Jones Lang LaSalle
group, LaSalle's investment teams also draw on the intelligence and resources of our parent company, giving us
unique access to market opportunities and key industry leaders.
LaSalle Investment Management Kapitalverwaltungsgesellschaft mbH (KVG), Munich, is an investment company
founded end of 2010 offering open ended special real estate funds (deutsch: Spezialfonds) to institutional investors
such as insurance companies, pension funds, etc. As 100% subsidiary of LaSalle GmbH, Munich, the KVG can profit
from the extensive know-how and excellent market expertise of the other companies within LaSalle group.
The fund management team is responsible for acting as a liaison for all other departments of the business with regard
to the Fund. As such the role is both internal and external facing. It involves close teamwork with the Asset
Management, Acquisition, Finance, and Financing teams, as well as liaising with external service providers and the
Role and Accountabilities:
The successful candidate will support the fund manager in the day-to-day activities. This role is more focused on the
analytical part, i.e. modelling fund returns and running scenarios analysis in order to support internal and external
clients. An important part of the role is the communication with and management of Client as fund operator, which
requires a relatively strong personality. The candidate must have a profound understanding of financial modelling
based on university degree. This role will also involve significant interaction with Asset Management and Acquisitions,
but also with CCG as well as external clients/advisors and valuers. Besides very good financial modelling skills, soft
skills such as communication and team-fit are important.
Support fund manager and KVG managing director in strategic and operational fund management
following the entire investment process (60%)
Working out cash flow models adjusted to KVG needed for starting acquisition process immediately
Working out legally required risk management scheme according to German Investment Act (10%)
Investment Strategy and Performance
Support to implement investment strategy for the portfolio consistent with portfolio objectives related to
matters like property types, geography, use of debt, etc.
Support to achieve target returns for the portfolio.
Preparing portfolio strategy reports together with Research
Performing portfolio analysis on an ongoing basis
Developing/implementing IT tool for portfolio analysis
Portfolio Strategic/Financial Plan
Compliance tests for diversification rules of Investment Act
Consolidating budgets/ cash-flows on a portfolio level
Communicating portfolio requirements to Transaction Team
Controlling liquidity status of the funds
Preparing board decisions
Reviewing of appraisals
Reviewing loan documentation
Preparing and reviewing cash call letters to investors
Obtaining approval from custodian bank for transactions
Controlling of loan portfolio
Controlling mix of durations for interest fixing periods
Coordinating with LaSalle financing team
Collaborate with Research teams to ensure “target markets” are considered when evaluating potential
locations for new investments.
Ensure acquisitions teams understand the investment criteria that will guide decisions regarding new
Continually assist teams in reviewing potential acquisitions.
Review all proposed acquisitions to make sure they meet the defined criteria for new investments.
Reviewing and contributing to investment exposés
o Confirming accuracy of information
o Billing process
Oversight of Asset Management Activities (support of Fund Manager)
Supervising Asset Managers and Property Managers
Supervising all major projects of refurbishment, reletting etc.
Review all asset level strategic plans on an annual basis.
Evaluate all assets proposed for sale within the context of defined hold/sell strategies, and approve as
o Coordinating with Asset Managers and Property Managers
o Validating budgets
Constant improvement of format and calculation methods in line with market changes.
Coordinating complete real estate appraisal process on an ongoing basis
o Assuring compliance with legally requested appraisal schedule
o Collecting data from Asset Managers, Property Managers
o Quality assurance of data
o Assignment and billing process of appraisers
Ensure regular investor reporting
o Liaise with external accountants and ensure monthly investor reporting
o Leading annual investor reporting
Required Qualifications & Experience:
University degree in business, economics or similar.
Excellent Excel/Argus skills, good command of MS Office and ideally knowledge of SAP
Min. 2-3 years work experience in the real estate industry, preferably in acquisition or fund management
Fluent in German and English. Additional European languages would be an advantage
Knowledge of relevant European property market and capital market practices
Highly developed verbal and written communication skills in both German and English
Ability to work both independently and as part of a European team
Excellent multi-tasking skills and ability to work on a variety of projects simultaneously
Basic knowledge about German Investment Act.
To apply: Please email a covering letter, references and your CV (stating the position you are applying
for) your remuneration expectations, your earliest start date to: firstname.lastname@example.org
LaSalle is an Equal Opportunity Employer and encourages applications from all sections of the community