Director – Portfolio Management (Development to Hold)

About the role

This role oversees the performance of the D-Hold portfolio across its lifecycle - underwriting, programming, analysis and reporting - so that every held asset delivers or exceeds its underwritten returns. It also leads third-party capital sales (JVs, co-investments, stake sales and fund/club vehicles) to recycle capital and fund the development pipeline, and acts as the single point of alignment between Development and the Investment team's portfolio managers.

Key responsibilities

• Develop and maintain the D-Hold portfolio strategy, annual business plans and hold/sell/recycle plans, and monitor assets against the underwritten case (IRR, yield-on-cost, NOI, occupancy)
• Set portfolio construction guidelines covering sector, geography, risk and concentration limits
• Direct underwriting of new and existing projects, including Build-to-Rent, and oversee programming and product-mix decisions
• Review and sign off feasibility models and business cases before submission to the Chief of Development and the Investment Committee
• Lead origination, structuring and execution of third-party capital transactions, build a pipeline of institutional partners and manage investor materials, data rooms and negotiations
• Align asset plans, capital allocation, hold periods and exit timing with portfolio mandates, and run joint governance with the Investment team
• Oversee monthly dashboards, quarterly valuations and Board/IC reporting, enforce document control and audit readiness
• Lead, coach and develop the Underwriting, Programming and Portfolio Analysis & Reporting teams, with succession cover for SVP roles

Required profile

• Minimum 14 years in real estate investment, private equity real estate or development, with at least 5 years in a senior leadership position
• Minimum 6 years of managerial experience leading multi-disciplinary teams
• Proven record of raising third-party capital and structuring JVs/co-investments with institutional investors
• Bachelor's degree in Finance, Real Estate, Economics, Engineering or a related field; MBA or MSc Real Estate/Finance preferred

Required skills

• Expert financial modelling, underwriting and valuation (DCF, IRR, JV waterfalls)
• Capital markets, JV structuring and investor relations
• Advanced Excel, Argus Enterprise / Developer, Power BI or Tableau