Investment Manager Consultant - Building Safety Remediation & Funding - 6 months FTC

Job description

Investment Manager Consultant - Building Safety Remediation & Funding - 6 Month FTC

The Ground Rent Fund team sits within the Real Estate Long Income desk in Real Assets at Aviva Investors. The Fund owns over 1,000 residential apartment buildings and commercial assets, some of which are affected by cladding and other building safety issues that require remediation. Most of these buildings were developed by large UK housebuilders that now have primary responsibility for funding and undertaking building safety remediation under Government’s building safety regime.

A bit about the job:

The Fund has appointed a third-party professional team to deliver its building safety remediation programme. It now requires an experienced capital works funding consultant to be responsible for leadership and management of its £300m+ remediation funding project across c.200 buildings.

The building safety remediation funding system the Government has created under the Building Safety Act and associated regulations is highly complex. The Fund is required to negotiate and facilitate bespoke remediation funding agreement between a range of impacted stakeholders to enable the remediation of historical safety defects in its buildings to make them safe and liquid.

This role is critical in ensuring the Fund mitigates its remediation cost liabilities whilst meeting the remediation obligations it now has under the Act to ensure optimal performance for our clients.

Responsibilities

· 
Lead the Fund’s third-party professional team to secure remediation funding for buildings from a range of remediation funders – inc. building developers, Government funding schemes, warranty providers, building contractors & leaseholders (or a combination of these funders)

· 
Forecast the Fund’s remediation liabilities & effectively manage its remediation investment programme

· 
Lead negotiations with building developers to mitigate Fund’s remediation liabilities utilising both statutory processes under the Act and rights under purchase agreements

· 
Oversee Govt. building safety funding scheme applications, grant funding negotiation and funding agreements. Subsequently ensure grant funding obligations, milestones & service charge requirements are adhered to

· 
Negotiate and settle remediation claims utilising legal & technical team advice and support

· 
Represent the Fund in meetings & reporting with officials in DLUHC’s building safety directorate

· 
Oversight of leaseholder funded remediation workstream (for leaseholders that do not qualify for remediation costs protection)

· 
Support the Fund’s delivery of its building safety programme and investment objectives and operate in accordance with Real Assets team risk and governance framework

Skills and experience we’re looking for:

· 
Strong record of negotiating complex public & private funding agreements. Experience of doing so for high legal & reputational risk programmes is beneficial.

· 
Good organisational skills with ability to manage priorities and deliver multiple projects in a fast-paced multi-disciplinary professional team with strong risk and governance control processes.

· 
Effective communication and reporting skills – report writing and in person.

· 
Highly effective relationship development & management – the role requires engagement with:

Senior executives (to CEO) in large UK housebuilders/developers

Senior directors and officials in the Department for Levelling Up, Housing & Communities

Govt funding delivery agencies - Homes England and Greater London Authority

What you’ll get for this role:

· 
Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in

· 
Eligibility for annual performance bonus

· 
Family friendly parental and carer’s leave

· 
Generous holiday entitlement plus bank holidays with the option to buy/sell up to 5 additional days

· 
Up to 40% discount for Aviva products

· 
Brilliant flexible benefits including electric cars

· 
Aviva Matching Share Plan and Save As You Earn scheme

· 
21 volunteering hours per year

In this role you’ll be ‘Certified’ under the Financial Conduct Authority / Prudential Regulation Authority’s Senior Managers and Certification Regime (SMCR). This means that we’ll need to complete some regulatory background checks on you before you take up your role and we’ll need to ask you some questions on an annual basis to make sure you remain ‘fit and proper’ and competent to carry out your role. We’ll provide training on what holding a SMCR role means when you join us and annually thereafter.

Aviva is for everyone:

We are inclusive and welcome everyone – we want applications from people with diverse backgrounds and experiences.

Excited but not sure you tick every box? Research tells us that women, particularly, feel this way.  So, regardless of gender, why not apply. And if you’re in a job share just apply as a pair.

We flex locations, hours and working patterns to suit our customers, business, and you.

Most of our people are smart working – spending around 60% of their time in our offices and 40% at home.

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

We’d love it if you could submit your application online. Please ensure that you have attached an up to date CV and/or updated your professional profile on Workday as we cannot submit your application without this .  If you require an alternative method of applying, send an email to  GlobalRecruitment@avivainvestors.com .