Senior Manager, Real Assets Direct, Investments

Job Description

Senior Manager, Real Assets Direct, Investments Supporting millions of Aussies since 1988 with low fees and competitive long-term performance. Profits back to members, not shareholders. Closing date: Sunday 2nd February 2025. Please note this role can be based in Sydney or Melbourne. Please note Rest does not accept speculative resumes from recruitment agencies. Rest will review applications prior to the closing date and may close the role earlier. Job Description Established in 1988, Rest is one of Australia’s largest profit-to-member superannuation funds. We support nearly two million members, with around $86 billion of funds under management and are recognised as a responsible investment leader. We believe when members understand and engage with their super, they’re more likely to get a better retirement outcome. Everything we do at Rest is underpinned by our values and behaviours, we want to Be Daring, Keep it Simple, Take Action and Have Grit. To put it simply we want our people to thrive and love the work they do. Primary Purpose To support the Head of Real Assets Direct, managing REST’s portfolio of co-investments and direct assets. You will also assist in implementing key strategic initiatives identified in the Real Assets Direct Strategy. Key Accountabilities/Responsibilities Assist with designing and implementing a comprehensive asset management framework. Assist with enhancing governance practices of asset company boards to ensure compliance and oversight including management of the Non-Executive Director program. Ongoing monitoring of operational performance of our direct assets and/or co-investments to identify risk mitigation and/or value creation opportunities. Oversee valuation of our direct and co-investment portfolio working alongside our internal valuations team and liaising with external valuers. Management of the infrastructure portfolio with a keen eye on legislative, tax and industry requirements, including the YFYS annual performance test, to ensure compliance and optimize risk-return outcomes. Relationship management with key external stakeholders, including infrastructure partners, portfolio investment companies, investment banks, industry associations, consultants, etc. Communication with key stakeholders (e.g. ELT, Rest committees, peers, and asset consultants) providing insightful updates on asset’s performance and the overall asset class landscape. Preparation and presentation of comprehensive submissions to the Private Markets Sub-Committee (and where appropriate the Management Investment Committee), outlining recommendations for add-on opportunities, divestments, key risks, etc. Monitor market trends and economic indicators to inform proactive asset management decisions, including capital expenditure, leasing strategies, and potential divestitures or acquisitions. Integration of ESG considerations into investment decisions to reflect Rest’s commitment to sustainability and impact investing. Contribution to a positive and collaborative work environment, building strong bonds with the investment team, and all teams that support and contribute to the success of the investment program and the Rest enterprise. Qualifications Relevant educational qualifications including, but not limited to, Business, Finance, Economics, Commerce, or law degree and the CFA program. Required experience, understanding or credentials including: Knowledge of Australian and International infrastructure markets, with experience in aligning investment strategies for large institutional investors. Proficiency in investment due diligence, with an eye for detail and a focus on identifying and mitigating potential risks. Demonstrated ability to execute business plans effectively and to deliver EBITDA improvements across various operations. Expertise in ESG integration, with the ability to identify risks and opportunities in real assets, ensuring investments are aligned with long-term sustainable goals. Financial management and reporting skills. Desirable board experience as observer, alternate director or nominee director. People and relationship management skills to provide for sound relationships between Rest, fund manager(s), and co-investors. Negotiation and communication skills, with a history of effectively engaging stakeholders and articulately presenting investment ideas, considerations, and risks. Significant experience in a senior infrastructure role at a fund manager/superannuation fund, corporate finance advisory firm or investment banking. The role may require periodic travel (domestic and international). Additional Information Our benefits have been designed so you can tailor your experience with us and include: Personal and professional development opportunities. Purchase leave scheme and gender neutral 16 weeks paid parental leave. Super Contribution Continuation for 12 Months of parental leave. Income Protection Insurance. Rest Excellence awards (peer recognition awards based on Rest’s values and behaviours). If you share our values, believe you can help make a difference for our members and want to be part of a leading superannuation fund with a Super culture, please click Apply Now. Rest is committed to creating a flexible work environment and culture that embraces diversity, equity, and inclusion - where people feel welcome, safe to be themselves and inspired to do their best. We value the different backgrounds, lived experiences and abilities our diverse team brings. We welcome and encourage applications from candidates of all ages, cultural backgrounds, faiths, gender identities, sexual orientations and thinking styles. This includes people with disability, neurodiverse individuals, Aboriginal & Torres Strait Islander peoples and those with disrupted work history due to career or other breaks. Please note only people with the right to work in Australia will be considered. *Funds under management as at 30 June 2024. Rest is recognised as a Responsible Investment Leader by the Responsible Investment Association Australia (RIAA) in its Responsible Investment Benchmark Report 2022. Seniority level Mid-Senior level Employment type Full-time Job function Finance #J-18808-Ljbffr