Nuveen Real Estate, an affiliate of Nuveen, the investment manager of TIAA, is one of the largest real estate investment managers in the world with $156bn in AUM. Managing a suite of funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. With over 80 years of investing experience, and more than 740 real estate professionals located across 22 cities throughout the US, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.
Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society.
As at 31 March 2022Overview of the Role
The Nuveen Real Estate Debt Capital Market team’s primary remit is the provision of leverage solutions to the property funds, JVs and segregated mandates managed and advised by Nuveen Real Estate (together “the Funds”).
The subject role is to provide support to the Head of Debt Capital Markets EU & APAC in designing, executing and recording debt strategies for the Funds, with particular emphasis on supporting the implementation of the appropriate debt and hedging solution for the Funds including:
Advising Funds on available and appropriate financing strategies having regard to market conditions, fund requirements and the regulatory framework relevant to debt and hedging;
Providing comparative analysis of financing offers received from lenders;
Assisting in obtaining external and internal approvals for selected strategies; and
Supporting the negotiation and documentation process to govern such arrangements.
The role requires the individual to liaise with internal stakeholders, primarily Portfolio Managers and Fund Finance and Operations Teams, across all the Nuveen Real Estate offices (ex US), to ensure the DCM team provides each Fund with new, best-fit debt and hedging strategies or amending current financing arrangements accordingly. It also requires direct interaction with Lenders and counsel to explore possible financing strategies, to compare financing offers and recommend on the “right” financing options / amendments, and to execute these arrangements.
The role requires relevant experience of real estate debt underwriting, and to a lesser extent negotiations skills, legal documentation experience (for real estate loans and hedging), numerical competency and good communication and interpersonal skills. The role requires knowledge of the funding market.
Duties and responsibilities include:
Collating financing offers, analysing term sheets and providing analytical support in order to evaluate financing offers received;
Presenting debt strategy recommendations to Portfolio Managers, Fund Boards and Investment Committee;
Support the closing process and work with external counsel and internal teams to deliver legal documentation in line with recommended terms;
Modelling and executing recommended hedging strategies including all legal documentation;
Ensuring accurate record maintenance of all debt and hedging positions;
Producing periodic reports for internal management in relation to loan and derivative exposures;
Continually look to improve current processes and quality of reporting to ensure internal management have an accurate and clear view of current loan book and sensitivity analysis to changes in underlying variables;
Supporting the Treasury Analyst on loan governance and due process to ensure data integrity and to drive improvements and efficiencies in these areas
Technical Skills & Qualifications Required
University graduate preferably in a maths, business or a real estate related discipline;
User of MS Excel, Word, Access, Powerpoint, Outlook and Bloomberg ;
Demonstrate experience in real estate financing analysis;
Pro-active individual and a strong “self-starter”; and
Outgoing, confident and ambitious person with knowledge of real estate lending
Competencies Required
Act in line with Nuveen Real Estate’s Company Values.
Strong written and oral communication skills;
High degree of numeracy
Strong negotiating and legal documentation skills with particular emphasis on real estate lending documentation;
High degree of accuracy and attention to detail.
FCA registration required: No
ASIC registration: No
Related Skills
Business Development, Credit Analysis, Due Diligence, Financial Analysis, Investment Management, Investment Strategy Acumen, Opportunity Strategy, Organizational Savviness, Portfolio Management, Real Estate Investments, Underwriting
Company Overview
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.nuveen.com
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: [email protected]
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .
For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .
For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .
For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
For Applicants of Greenwood residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-privacy) .
For Applicants of Greenwood residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-greenwood-portuguese-privacy) .
For Applicants of Westchester residing in Brazil (English), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-privacy) .
For Applicants of Westchester residing in Brazil (Portuguese), click here (https://www.tiaa.org/public/support/privacy/applicants-westchester-portuguese-privacy) .
Nondiscrimination & Equal Opportunity Employment
TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088_EEOC_KnowYourRights-1688394514088.pdf)
Pay Transparency
Philadelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)