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Fund Manager, Seniors Living

Date: 22-Jul-2022

Location: Melbourne, AU, 3000

Company: Australian Unity

Join us and let’s make a bigger difference together.


It’s an exciting time to be joining Australian Unity – we have grown significantly over recent years and are transforming to capitalise on further growth opportunities to help our customers and employees thrive. We operate with commercial principles and with a strong social purpose to create community value. Australian Unity is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.


Established in 1840, we’re Australia’s first member-owned wellbeing company. Today we have over $1 billion in revenue and provide smart solutions and services to more than 700,000 Australians. We employ over 7000 people and our purpose is to Help People to Thrive.


Your New Role:


Reporting directly to the GM Social Infrastructure, as a Fund Manager within Australian Unity’s Social Infrastructure business you will be responsible for driving the sector-specific research, product design, establishment and growth of Fund’s within this fast-growing sector. This role will focus on the Seniors Living sector; Retirement Villages, Land Lease Communities, or rental villages, as well as Aged Care assets.


You will identify investment opportunities, negotiating and executing acquisitions and developments, establishing collaborative relationship agreements with service-provider stakeholders, raising equity and working with debt financiers to secure capital to grow the Fund.  


The management of both existing and new Funds will involve the strategic planning, execution of growth initiatives, budget development, and asset management of existing and new assets.


Your role will focus on maximising fund returns by improving aspects such as occupancy, tenancy mix, leasing covenants and capital value enhancements as appropriate. You will identify and recommend acquisition and divestment opportunities, including responsibility for running due diligence on new acquisitions and new fund opportunities.


Your New Role Looks Like This:


  • Responsibility for managing assets, debt and equity to optimise Fund earnings and returns consistent with board approvals and investor communications
  • Regularly report on the Fund’s performance and, where relevant, seek approvals
  • Develop, implement and, at least annually, review the Fund strategy and individual asset strategies to maximise returns
  • Role model the aspired Leadership behaviours to source, lead, develop and retain high quality team members
  • Opportunity to improve operating outcomes, particularly in the RV sector
  • Management of internal and external relationships will be critical to the success of the role, including successful negotiation and management of contracts with vendors, developers, service providers, investors and debt financier relationships
  • Responsible for meeting and exceeding Fund and property budgets (including YoY growth), individual asset NOI and capex budgets and recommend budgets for approval
  • Optimise debt and equity levels to enhance risk/return profile of the Fund for market conditions
  • Negotiate and recommend asset sales or acquisitions for approval, and deal with all due diligence issues ensuring transaction risk or future liability is minimised, all in accordance with the Acquisitions and Disposals Guidelines


About You:


  • 10+ years’ experience in the real estate industry, preferably with a bias towards funds management with direct property expertise, new opportunity creation and capital transactions
  • Degree qualification or higher in property, economics, business or related disciplines
  • Strong financial (I.e. numeracy) and commercial acumen, coupled with exceptional negotiation skills
  • Excellent communication skills with the proven ability in developing and strengthening relationships
  • Known for inspiring and driving change, including maximising the potential of resources
  • Well-developed project management capabilities, and adept in continuous improvement and quality management

Your Benefits:

You will enjoy a range of great employee benefits and rewards including:

  • Competitive Remuneration and Incentive Program
  • A range of attractive product and service discounts from Australian Unity’s Retail and Wealth Management portfolio – including health insurance and banking products
  • Supported Learning and Career Development program
  • Flexible Working Arrangements including Work-From-Home days with a real work-life balance
  • Available access to LinkedIn Learning courses through our great Learning platform
  • Additional paid Wellbeing and Community Volunteer Days yearly


What Makes Us, Us


Putting people first is not just something we say, it's what we do. We care for our people so they can care for themselves and our customers. We stay true to our values (Bold, Warm, Honest), we work hard because it matters and we work well together – collaborating, encouraging and even managing to have some fun.


At Australian Unity we do the right thing and we expect the same from others. Being a member-owned company, means we're focused on our members and customers, not shareholder returns. Our purpose to Help People to Thrive, drives us to make a real difference, every day, big and small. We are passionate about improving the wellbeing of all Australians and about making a positive difference.


Australian Unity is an Equal Opportunity employer and we encourage applications from all members of the community, including people of Aboriginal and Torres strait Islander descent, culturally and linguistically diverse backgrounds and, mature aged people.