Portfolio Manager - Real Estate — Tether Operations

CHF 101'500 - 154'000

Tether Operations · Zürich, Zürich (ZH)

Categoria: Altro Contratto: remote Salario: CHF 101'500 - 154'000

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Location: Zürich
Contract: remote
Posted: 10 days ago

SalaryCHF 101'500 - 154'000

Role overview

Join Tether and Shape the Future of Digital Finance At Tether, we’re not just building products, we’re pioneering a global financial revolution.

Our cutting-edge solutions empower businesses—from exchanges and wallets to payment processors and ATMs—to seamlessly integrate reserve-backed tokens across blockchains.

By harnessing the power of blockchain technology, Tether enables you to store, send, and receive digital tokens instantly, securely, and globally, all at a fraction of the cost.

Join Tether and Shape the Future of Digital Finance At Tether, we’re not just building products, we’re pioneering a global financial revolution.
Our cutting-edge solutions empower businesses—from exchanges and wallets to payment processors and ATMs—to seamlessly integrate reserve-backed tokens across blockchains.
Portfolio Monitoring & Fund Oversight ○ Fund oversight, performance and benchmarking: Act as the primary point ofaccountability for all third-party managed fund relationships.
Review monthlyreporting packages and fund’s information with a critical eye — tracking keymetrics, benchmarking performance, identifying emerging risks, and escalating material deviations from plan. ○ Assumption challenging & pipeline review: Actively challenge underwriting assumptions presented by fund managers and operating partners: cap rates, exit yields, rent growth, occupancy assumptions, development timelines and construction budgets.
● Minimum of 8–12 years of progressive experience in real estate investment management, asset management, or a closely adjacent field (fund of funds, real estate private equity, or institutional asset management). ● Demonstrable experience managing or overseeing a real estate portfolio of significant scale — ideally in excess of €500M in aggregate value. ● Strong track record working with closed-end and/or open-end real estate fund structures, with a solid understanding of fund structures, LPAs, governance frameworks, capital calls, distributions, and GP/LP dynamics. ● Experience overseeing SPV structures, directly held investments and third-party operating partners, with a strong understanding of governance, reporting and capital allocation considerations. ● Demonstrated ability to oversee and challenge external fund managers, operators, development partners, and advisors, holding counterparties accountable against agreed business plans, budgets, timelines, and performance targets. ● Prior exposure to hospitality real estate — whether through hotel asset management, operator negotiations, or hotel-specific investment underwriting — is strongly preferred and will be weighted heavily. ● Experience attending and contributing to investment committees, board meetings, or advisory committees. ● Academic background: Degree-level education in Finance, Economics, Real Estate, Business Administration, or a related discipline.
A professional qualification such as CFA, MRICS, or equivalent is viewed favourably. ● Expert-level financial modelling capability: construction and interrogation of cash flow models, DCF valuations, waterfall distribution models. ● Ability to read, interpret, and critically assess fund financial statements, NAV calculations, and asset valuations prepared by independent appraisers. ● Strong understanding of real estate operating economics, budgeting, forecasting, and variance analysis, with the ability to critically assess and challenge business plans and operating assumptions. ● Experience reviewing and supporting private real estate valuation processes, including interaction with Finance teams, auditors, valuation advisors, and external stakeholders. ● Ability to read and navigate key commercial and investment documentation, including LPAs, SPAs, SHAs, financing agreements, development management agreements, and operating contracts, with sufficient commercial judgment to identify key issues and effectively brief counsel. ● Strong written and verbal communication skills, with the ability to distill complex operational, financial, and valuation matters into concise recommendations and decision-ready materials for senior management and Investment Committee audiences.

Main responsibilities

Portfolio Monitoring & Fund Oversight ○ Fund oversight, performance and benchmarking: Act as the primary point ofaccountability for all third-party managed fund relationships.
Review monthlyreporting packages and fund’s information with a critical eye — tracking keymetrics, benchmarking performance, identifying emerging risks, and escalating material deviations from plan. ○ Assumption challenging & pipeline review: Actively challenge underwriting assumptions presented by fund managers and operating partners: cap rates, exit yields, rent growth, occupancy assumptions, development timelines and construction budgets.
Leverage market data and comparable evidence to validate or challenge key projections and investment decisions.
SPV & Direct Investment Management ○ Financial oversight and liquidity monitoring: Review and challenge budgets, liquidity forecasts, cash flow projections and capital requirements prepared by local operating partners and SPV management teams.
Monitor cash positions, funding requirements and drawdown schedules, escalating potential liquidity constraints, cost overruns or capital call requirements to the Investment Committee and Treasury as appropriate. ○ Performance monitoring and variance analysis: Perform rigorous monthly andquarterly variance analysis of actual performance vs. budget, producing clear and actionable IC commentary.
Development Project Monitoring ○ Project monitoring and Site visits: Conduct structured site visits to active development projects to assess physical progress against approved business plans and timelines.
Review and challenge project schedules, milestone achievement, cost-to-complete estimates and delivery risks, producing site visit reports with clear findings, photographic evidence and recommended actions. ○ Cost control & risk management: Review project cost reports, construction drawdown requests, and change order logs - challenging unjustified cost escalations and ensuring contingency utilisation is properly documented.
Maintain and update a project-level risk register covering planning, construction, market, and operational risks, with clearly assigned mitigants.
Third-Party Relationship Management ○ Stakeholder management & governance: Serve as the main day-to-day interface with fund managers, asset managers, property managers, development companies, hotel operators, and advisors.
Participate actively in advisory boards, investor committees, representing Tether’s interests and ensuring key outcomes are documented and tracked. ○ Reporting standards & manager accountability: Establish and enforce reporting standards, timelines and information requirements across third-party managers and operators.

Key requirements

● Minimum of 8–12 years of progressive experience in real estate investment management, asset management, or a closely adjacent field (fund of funds, real estate private equity, or institutional asset management). ● Demonstrable experience managing or overseeing a real estate portfolio of significant scale — ideally in excess of €500M in aggregate value. ● Strong track record working with closed-end and/or open-end real estate fund structures, with a solid understanding of fund structures, LPAs, governance frameworks, capital calls, distributions, and GP/LP dynamics. ● Experience overseeing SPV structures, directly held investments and third-party operating partners, with a strong understanding of governance, reporting and capital allocation considerations. ● Demonstrated ability to oversee and challenge external fund managers, operators, development partners, and advisors, holding counterparties accountable against agreed business plans, budgets, timelines, and performance targets. ● Prior exposure to hospitality real estate — whether through hotel asset management, operator negotiations, or hotel-specific investment underwriting — is strongly preferred and will be weighted heavily. ● Experience attending and contributing to investment committees, board meetings, or advisory committees. ● Academic background: Degree-level education in Finance, Economics, Real Estate, Business Administration, or a related discipline.
A professional qualification such as CFA, MRICS, or equivalent is viewed favourably. ● Expert-level financial modelling capability: construction and interrogation of cash flow models, DCF valuations, waterfall distribution models. ● Ability to read, interpret, and critically assess fund financial statements, NAV calculations, and asset valuations prepared by independent appraisers. ● Strong understanding of real estate operating economics, budgeting, forecasting, and variance analysis, with the ability to critically assess and challenge business plans and operating assumptions. ● Experience reviewing and supporting private real estate valuation processes, including interaction with Finance teams, auditors, valuation advisors, and external stakeholders. ● Ability to read and navigate key commercial and investment documentation, including LPAs, SPAs, SHAs, financing agreements, development management agreements, and operating contracts, with sufficient commercial judgment to identify key issues and effectively brief counsel. ● Strong written and verbal communication skills, with the ability to distill complex operational, financial, and valuation matters into concise recommendations and decision-ready materials for senior management and Investment Committee audiences.
Important information for candidates Recruitment scams have become increasingly common.
To protect yourself, please keep the following in mind when applying for roles:

Application process

only through our official channels.
We do not use third-party platforms or agencies for recruitment unless clearly stated.
All open roles are listed on our official careers page: https://tether.recruitee.com/
Verify the recruiter’s identity.
All our recruiters have verified LinkedIn profiles.
If you’re unsure, you can confirm their identity by checking their profile or contacting us through our website.
Be cautious of unusual communication methods.
We do not conduct interviews over WhatsApp, Telegram, or SMS.

Contacts

Double-check email addresses.

Additional details

Responsibilities Portfolio Monitoring & Fund Oversight ○ Fund oversight, performance and benchmarking: Act as the primary point ofaccountability for all third-party managed fund relationships.
Qualifications: ● Minimum of 8–12 years of progressive experience in real estate investment management, asset management, or a closely adjacent field (fund of funds, real estate private equity, or institutional asset management). ● Demonstrable experience managing or overseeing a real estate portfolio of significant scale — ideally in excess of €500M in aggregate value. ● Strong track record working with closed-end and/or open-end real estate fund structures, with a solid understanding of fund structures, LPAs, governance frameworks, capital calls, distributions, and GP/LP dynamics. ● Experience overseeing SPV structures, directly held investments and third-party operating partners, with a strong understanding of governance, reporting and capital allocation considerations. ● Demonstrated ability to oversee and challenge external fund managers, operators, development partners, and advisors, holding counterparties accountable against agreed business plans, budgets, timelines, and performance targets. ● Prior exposure to hospitality real estate — whether through hotel asset management, operator negotiations, or hotel-specific investment underwriting — is strongly preferred and will be weighted heavily. ● Experience attending and contributing to investment committees, board meetings, or advisory committees. ● Academic background: Degree-level education in Finance, Economics, Real Estate, Business Administration, or a related discipline.
Apply only through our official channels.