The Diocese of London comprises of 400+ parishes north of the River Thames and within the M25 motorway. The Diocese conducts its financial affairs through different corporate bodies. The main body is the London Diocesan Fund (LDF).
The LDF owns about 3,500 properties of which approximately 2,500 relate to the work of this team. The property requires different levels of management and some develop to maximise their use for the mission of the church in London.
Due to the volume of projects and other calls on the time of the Head of Parish Property Support, a Senior Asset Manager is required to take on the day to day responsibility of a number of projects and to drive these projects through to completion.
The full-time role now being recruited will work with two part-time asset managers and will coordinate and manage this vital workflow, report through to the Head of Parish Property.
The portfolio represents different forms of ownership: Incumbent, PCC, Fund, Glebe and some aligned charities. There will be the need to negotiate both with diverse parties forming different ownerships, and to be aware of the different legal frameworks. Other work includes guiding PCCs, Incumbents and Archdeacons on their rights regarding neighbouring development and ensuring all potential income is secured with Rights of Lights, Access and Over sail licences.
The post-holder may be required to undertake any other duties that are commensurate with the role. The post-holder may be required to undertake any other duties that are commensurate with the role. Early morning, evening or weekend work may be required.
The Senior Asset Manager reports to the Head of Parish Property Support, and together they are responsible for the delivery of the significant projects either owned directly by the LDF or by Parishes within the Diocese.
Additionally, the Chartered Surveyor will contribute fully to the work of the Property Department, by fulfilling the department’s mission statement: “...To manage effectively & efficiently the performance of the property portfolio, and provide support and advice to parishes on property issues, ensuring that all properties become the best and most appropriate tool for mission in the Diocese of London, for this and future generations...”
The Senior Asset Manager’s primary responsibility is to identify and implement value and income accretive asset management initiatives in respect of existing property holdings to maximise return, including but not limited to re-lettings, lease re-gears and renewals, obtaining planning consents, refurbishments, and disposals.
The role has a commercial focus, it also offers the opportunity for greater career satisfaction knowing that you will be contributing to the charitable mission work of the Church of England in London.
The ideal candidate will be MRICS and have some previous asset management experience.
To maximise the development potential of land and property for the mission of the Church.
Agree and set project priorities with the Head of Parish Property Support and in turn, to coordinate work with the other Asset Managers with a day to day responsibility for managing and coordinating workflow and seeing tasks through to completion.
Ensure there is a clear permanent record for every transaction.
Work with the Head of Parish Property support to identify potential returns within the portfolio to maximise return.
Review Planning Proposals of neighbouring properties to identify potential Rights of Light payments, scaffolding licences, access licenses and related neighbourly matters.
Seek out and exploit the maximum development potential of LDF and parish assets and other opportunities that would add value.
Clearly brief each project/opportunity with defined outcomes, project plan, milestone dates and stakeholder.
On occasions to act as Project Manager.
Advise and guide parishes and LDF colleagues on processes, both planning and ecclesiastical for projects.
Guide Parishes and colleagues on selecting, interviewing, and appointing professional advisors and team.
Provide professional advice on lease and licenses to parishes and colleagues.
Agree annual priorities with line manager for approval by JOT and deliver the agreed objectives.
Monitor emerging legislation impacting on investment strategy and keep wider team updated.
Identify and implement value and income accretive asset management initiatives with the objective of maximising total returns, including but not limited to new lettings, obtaining planning consents, joint venture, refurbishments, ease renewals and re-gears and disposals.Prepare property-specific asset management plans and undertake hold-sell analysis.
Prepare development and investment appraisals in support of business plans to demonstrate financial risks and returns of recommended strategies.
Appoint, manage, and coordinate the work of external consultants and monitor performance (managing agents, solicitors, valuers, planning consultants, insurance brokers, etc.).
Ensure that neighbourly issues e.g. rights of light, party walls, noise, boundary disputes etc. and lease consents are managed appropriately
Ensure appropriate insurance is in place and recorded.
Take responsibility for the risk register for each project and coordinate a risk register for all work of the Asset Managers.
Prepare reports for Diocesan Finance Committee (trustee body) approval to proposed transactions or major capital projects and attend and present at meetings if necessary.
Work with the Property Team accountants and give administrative support as required.
Contribute to the working of the department, covering for colleagues where necessary and sharing the workload at busy times.
Participate in regular supervision meetings and annual appraisals, with an openness to learning & development and continuous improvement.
Ensure client satisfaction. To be committed to listening and engaging with other points of view and ensure sure all customers are treated fairly and politely.
Work in accordance with, and to represent and communicate to customers and suppliers, the policies and principles that underpin all the work of the Department and underpin the department’s mission statement.
Proactively support parishes and be a point of contact for enquiries where appropriate.
Works very well within a team.
Experience in team and people management, well-organised and administratively self-sufficient.
Previous development and asset management experience.
A proactive, creative, and original strategic thinker, who can identify opportunities and develop strategies independently.
Experience in Commercial, Residential and Charity property sectors and a broad range of uses.
Current with Commercial Landlord and Tenant legislation.
Experience preparing investment and development valuations and appraisals including cash flows.
Thorough, effective user of IT and well versed and keeping a clear audit trail of electronic documents.
Excellent interpersonal, written, and oral communications, and negotiation skills.
Demonstrates a good attention to detail.
Experience overseeing the delivery of redevelopment projects.
Residential property asset management experience (in addition to commercial experience).
Experience of residential leasehold enfranchisement and lease extension valuations/procedures.
Knowledge of the Charity Act.
Knowledge of Land Registration Processes.
The LDF exists to support the mission of the Church of England in London, hence its strategy is nested entirely within the wider objectives of the Diocese’s Capital Vision, it includes the Bishop of London’s Fund & Associated Organisations. The principal activity of the London Diocesan Fund is to serve and support the parishes and people within the Diocese of London in their mission of proclaiming the gospel of Jesus Christ. It does this operationally through the payment and housing of parish clergy and chaplaincies and support to their ministry.