Responsibilities
- Act as the primary point of accountability for all third-party managed fund relationships.
- Review monthly reporting packages and fund’s information with a critical eye — tracking key metrics, benchmarking performance, identifying emerging risks, and escalating material deviations from plan.
- Actively challenge underwriting assumptions presented by fund managers and operating partners: cap rates, exit yields, rent growth, occupancy assumptions, development timelines and construction budgets.
- Leverage market data and comparable evidence to validate or challenge key projections and investment decisions.
- Review and challenge budgets, liquidity forecasts, cash flow projections and capital requirements prepared by local operating partners and SPV management teams.
- Monitor cash positions, funding requirements and drawdown schedules, escalating potential liquidity constraints, cost overruns or capital call requirements to the Investment Committee and Treasury as appropriate.
- Perform rigorous monthly and quarterly variance analysis of actual performance vs. budget, producing clear and actionable IC commentary.
- Conduct structured site visits to active development projects to assess physical progress against approved business plans and timelines.
- Review and challenge project schedules, milestone achievement, cost-to-complete estimates and delivery risks, producing site visit reports with clear findings, photographic evidence and recommended actions.
- Review project cost reports, construction drawdown requests, and change order logs - challenging unjustified cost escalations and ensuring contingency utilisation is properly documented.
- Maintain and update a project-level risk register covering planning, construction, market, and operational risks, with clearly assigned mitigants.
- Serve as the main day-to-day interface with fund managers, asset managers, property managers, development companies, hotel operators, and advisors.
- Participate actively in advisory boards, investor committees, representing Tether’s interests and ensuring key outcomes are documented and tracked.
- Establish and enforce reporting standards, timelines and information requirements across third-party managers and operators.
- Hold counterparties accountable against agreed budgets, KPIs, timelines and business plans, escalating material concerns where appropriate.
- Act as a director, board observer or shareholder representative on portfolio companies, subsidiaries, SPVs and other investment vehicles, fulfilling governance responsibilities and protecting Tether's interests.
- Prepare high-quality IC reports on a monthly, quarterly, and ad hoc basis — covering performance, key developments, risks, and recommended actions.
- Develop and maintain asset-level and portfolio-level dashboards tracking KPIs (occupancy, RevPAR, GOP, etc.) against business plan targets.
- Provide scenario analysis and sensitivity testing around refinancing cliffs, exit timing, and market value movements.
- Author and support investment memoranda for new commitments and follow-on investments, ensuring the IC has a thoroughly researched, independently verified view before committing capital.
Requirements
- Seasoned experience in real estate portfolio management.
- Ability to independently challenge fund managers, operators, consultants, and valuation assumptions — including when views differ from consensus.
- Excellent English communication skills.
Work Arrangement
Remote (Worldwide)
Additional Information
- This is not a transaction origination role.
- The role requires the ability to independently challenge fund managers, operators, consultants, and valuation assumptions — including when views differ from consensus.
