Intern, Portfolio Management

at  Hines

Overview:
When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot-on Fast Company’s esteemed annual list of the World’s Most Innovative Companies for 2024. Discover endless opportunities to grow and make your mark at Hines.
Responsibilities:
Hines is seeking an intern to support the European real estate Portfolio Management team. This is a paid internship. The primary role is to support the management of the pan-European portfolio of our global real estate investment trust in collaboration with local Hines Asset Management teams across Europe. Working across various asset classes, the Intern will assist the PM team covering portfolio management aspects including, but not limited to: preparing reporting for internal and external stakeholders, overseeing implementation of asset-level business plans, and supporting fund-level operations such as portfolio valuation. The role will require strong quantitative skills with an ability to multi-task and exceptional attention to detail. Additionally, the candidate will aid in evaluating, forecasting, and understanding performance at a fund and asset level and will carry out other analytical and administrative tasks for the portfolio modelling group. The intern will also gain exposure to the broader real estate investment management industry and have the opportunity to work closely with senior professionals. The intern will primarily report to and support the European Portfolio Management Team. The role will be based in Hines Europe’s London head office.

The position will suit a final year undergraduate or master’s degree student wishing to pursue a career in real estate, who would benefit from learning at one of the largest real estate investment companies in the world. The internship term can be flexible, ideally up to 12 months (exact dates to be agreed upon with the candidate).

• Assist with portfolio reporting (review and contribute to quarterly operating reports and property-level forecasts; review cash flows for accuracy, prepare variance analysis and contribute to fund management presentations; review tenancy updates inc. new leases and renewals, CAPEX plans).
• Help to monitor portfolio performance, prepare analysis to support property-level decisions such as new leasing and capital projects, and ensure business plan execution is consistent with fund investment objectives.
• Assist with preparing and reviewing internal and external asset valuations (review and update monthly Argus models as appropriate, run sensitivity analysis to test new assumptions, help to present recommendations to the fund management team).
• Assisting on wide range of financial analyses at the levels of individual assets, JVs, portfolios, and overall investment funds/accounts.
• Assistance in building, operating, maintaining, and reviewing a wide variety of financial models, primarily in Excel with occasional Argus elements.
• Supporting the preparation of quarterly reports and other materials for internal and external communication.
• General support of senior team members in decision-making and execution of various investment strategies.
• Helps to improve and refine the investment and asset management processes by carrying out pre-defined administrative tasks such as data reconciliation and error checking.
• Support the Portfolio Modelling team in building and maintaining financial models for our real estate portfolio.
• Collecting and analysing data to support the Portfolio Modelling team.
• Collaborate with other team members to ensure that all models are accurate and up to date.

Qualifications:

Minimum Requirements include:

• Obtaining a university degree from high-calibre institution, preferably in a subject area demanding high analytical aptitude. Undergraduate or subsequent study emphasis on real estate/private equity/investment and/or finance/economics is not required but beneficial.
• Sophisticated understanding of the MS Office suite, most particularly Excel, but also PowerPoint and Word.
• Highly numerate with a strong skillset in representing the concepts of real estate investment accurately and efficiently in Excel form. Knowledge of Argus is a plus.
• A broad understanding of the real estate investment and investment management process is desirable.
• Experience in real estate investment/real estate finance/private equity is not essential but can be beneficial and will be taken into consideration.
• Excellent communication skills with confident fluency in written and spoken English.
• Pro-active, self-motivated, and adept at using own initiative to be most effective.
• Attention to and care for detail in all work.
• Ability to prioritize and work quickly to a high standard.
• Positive energy and contribution to team spirit.
• Ambition and desire to build personal skillset and value in the role.
• Flexible approach to work and willingness/ability to travel.
• Ability to work overtime as required by circumstances.

Closing:
At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion¹ of assets across such property types as living, office, retail, mixed-use, logistics and life science projects – all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients’ needs.
While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines’ success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.
Hines is proud to be named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2024. ¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.
We are an equal opportunity employer and support workforce diversity
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