The Company
The company is a fast-paced and disruptive real estate company operating within the hotel and residential sector with a fully integrated business model, backed by committed equity and debt partners. They source, develop, own and operate their real estate assets across Europe, with further expansion ahead.
The company is backed by strong partners, incl. a London-based top-tier private equity fund and a pension fund which have committed more than 700Mn€ of equity to fund the expansion of the company.
The company believes in creating a fun, creative and inspiring environment where everyone can live, work, play and grow. They activate this community to encourage connections and help each other grow. They achieve this by offering award-winning communal spaces with a wow factor, combined with our exceptional international team of lively, smart and motivated people that embrace the student spirit and bring it to life every day.
The company is looking for a Real Estate Finance Business Specialist to reinforce the team and acting as the business partner to the Real Estate team, making sure our currently secured pipeline of 10 assets (1Bn€ of project development in 7 countries), as well as future company assets, will be completed on time and within budget. You will be on top of all development-related topics from a Finance perspective in terms of yield on cost, total capex, cashflows, milestones, funding overview, expected operational performance of future developments. In collaboration with (i) the Real Estate team and (ii) the fixed assets administrator within the Finance team a monthly report is shared with all stakeholders to communicate your observations and make strategic decisions on developments.
You will be based at our office in Amsterdam where you’ll join the Planning & Control team. You will report to the Director of Finance, Planning Control & Treasury while working closely together with the Real Estate team (e.g. Development Director and Development Managers) and the rest of the finance team.
What You’ll Do:
- Be the business partner from finance for Real Estate (Investment, Development and Construction) which may imply from time to time to travel to the assets;
- Help the Real Estate and Finance team make the best decisions with regards to project under development;
- Own the yield-on-cost of each development on the basis of:
- Track all spending to-date and act as the go to person within finance for all real estate related topics;
- Management of Cash flow files tracking actual spend, monthly forecasted spend and variances vs. budget and liaise with the Treasury team for a best in class forecast of cash needs;
- Financial models producing the EBITDA per development. Together with various stakeholders you will take ownership of the various revenues, cost and financing assumptions;
- Track all development milestones and provide critical review of risk/upside in terms of timing, costs and contingency management;
- Prepare monthly performance reviews reporting upon key aspects of each ongoing development;
- Master at all times the inside out of every asset under development and use that to provide critical input and advice during the various stages of the development process;
- Automize reporting/accounting and controls to allow for more time for scenario making;
- Provide support with financial appraisal of new developments or changes in scenarios.
Who You Are
- Have a Master degree in economics or business administration and 2-6 years of relevant work experience in Real Estate and/or Finance roles;
- A real passion for real estate development, hospitality/student housing or co-living is a plus;
- You are an Excel and data management wizard – many say they are great at Excel, fewer truly are;
- Strong organization skills and attention to detail;
- Fluency in English is essential;
- Multi-tasker, problem solving mindset with a can-do attitude and ability to work with deadlines with little supervision;
- Strong verbal and written communication skills;
- You thrive in a fast-paced, rapidly changing and international environment with various learning opportunities;
- Self-starter thriving for excellence and no less!
- A Dutch or EU citizen or in possession of a valid work permit.
What We Offer:
- A pan-European role working on some of very large and emblematic developments in key EU cities;
- The opportunity to work at a dynamic, young, multi-national company. Not just another hotel, we’re a game-changing innovator, challenging every convention and defining the future;
- The chance to learn and grow in your role, with the potential for growth within or across the company;
- Access to the amazing company facilities, including our awesome staff experiences, canteen and gym;
- Staff discounts at hotel stays across our 15 exciting European locations;
- A wonderful workplace to call home, events, fun colleagues, and great perks (salary/benefits) to keep the good times going.
We’re curious, conscious, and we celebrate all. We bring people together and are committed to providing the best space, experience and workplace for our entire connected community – no matter what age, gender, sexual orientation, ethnicity, national origin and all the other fascinating characteristics that make us different and makes you unique.