Portfolio Manager - Real Estate

Tether

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. Transparency is the bedrock of everything we do, ensuring trust in every transaction. Innovate with Tether Tether Finance: Our innovative product suite features the world’s most trusted stablecoin, USDT , relied upon by hundreds of millions worldwide, alongside pioneering digital asset tokenization services. But that’s just the beginning: Tether Power: Driving sustainable growth, our energy solutions optimize excess power for Bitcoin mining using eco-friendly practices in state-of-the-art, geo-diverse facilities. Tether Data: Fueling breakthroughs in AI and peer-to-peer technology, we reduce infrastructure costs and enhance global communications with cutting-edge solutions like KEET , our flagship app that redefines secure and private data sharing. Tether Education : Democratizing access to top-tier digital learning, we empower individuals to thrive in the digital and gig economies, driving global growth and opportunity. Tether Evolution : At the intersection of technology and human potential, we are pushing the boundaries of what is possible, crafting a future where innovation and human capabilities merge in powerful, unprecedented ways. Why Join Us? Our team is a global talent powerhouse, working remotely from every corner of the world. If you’re passionate about making a mark in the fintech space, this is your opportunity to collaborate with some of the brightest minds, pushing boundaries and setting new standards. We’ve grown fast, stayed lean, and secured our place as a leader in the industry. If you have excellent English communication skills and are ready to contribute to the most innovative platform on the planet, Tether is the place for you. Are you ready to be part of the future? About the job We are seeking a seasoned Real Estate Portfolio Manager to take full ownership of monitoring, managing, and reporting on an approximately $1 billion portfolio of real estate investments. The portfolio spans third-party managed funds, co-investment Special Purpose Vehicles (SPVs), and a selective number of directly held assets, with a pronounced focus on commercial real estate — principally hospitality — complemented by selective residential exposure. This is not a transaction origination role. The focus is portfolio oversight, manager accountability, asset performance monitoring, and investment committee support. This is a high-ownership, high-visibility role. The successful candidate will serve as the primary analytical and operational interface between the Investment Committee and the external ecosystem of fund managers, asset operators, development partners, and advisors. They will be expected to challenge assumptions with rigour, add value through independent judgment, and hold third parties to a standard of performance, transparency, and accountability commensurate with the capital at stake. The successful candidate must be comfortable independently challenging fund managers, operators, consultants, and valuation assumptions — including when views differ from consensus. 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. Hold counterparties accountable against agreed budgets, KPIs, timelines and business plans, escalating material concerns where appropriate. ○ Board Representation: As required, act as a director, board observer or shareholder representative on portfolio companies, subsidiaries, SPVs and other investment vehicles, fulfilling governance responsibilities and protecting Tether's interests. IC Reporting & Decision Support ○ Portfolio reporting & dashboards: Prepare high-quality IC reports on a monthly, quarterly, and ad hoc basis — covering performance, key developments, risks, and recommended actions. Develop and maintain asset-level and portfolio-level dashboards tracking KPIs (occupancy, RevPAR, GOP, etc.) against business plan targets. ○ Forward-looking analysis & investment recommendations: Provide scenario analysis and sensitivity testing around refinancing cliffs, exit timing, and market value movements. Author and support investment memoranda for new commitments and follow-on investments, ensuring the IC has a thoroughly researched, independently verified view before committing capital.