What it does: Develops various properties in the Philippines including mid-rise and high-rise condominiums, townships, leisure developments, shopping centres, office buildings, and BPO hubs
Best known for: This real estate firm has been around for more than five decades, developing some of the Philippines' most popular projects including the 52-story PBCom Tower, the tallest office building in the country, Festival Supermall, the premier outsourcing hub Northgate Cyberzone in Alabang, and other high-end projects including Brentville Community in Laguna (home to Brent International School).
The good bits: Comprehensive training and family-oriented work culture.
The not-so-good bits: Limited career growth, long hours, and a challenging workload
Hiring grads with top marks in: A variety of entry-level roles are open to graduates from all fields, but more specialized roles require degree-holders from courses related to finance, sales, accounting, banking, mathematics, human resources, engineering (computer or telecommunication), information technology, advertising/media, and marketing, among others.
As the real estate firm subsidiary of Filinvest Development Corporation (FDC), Filinivest Land traces its roots to 1955, when FDC was established by Andrew L. Gotianun, Sr. and his family. The corporation started out as a used-car financing company and evolved into one of the Philippines' leading conglomerates with businesses in banking and financial services, power generation, real estate, banking, hotel and resort management, and the sugar industry.
In 1967, FDC entered the real estate business with a slew of real estate developments including shopping centres, residential subdivisions, central business districts, recreational farms, leisure clubs, industrial estates, mid-rise and high-rise offices and condominiums, and information technology zones.
Today, Filinvest Land has 175 ongoing developments around eight key areas in the Philippines. As of 2018, rental businesses account for 46% of the company's total net income. The firm ended the year with a net income of Php 6.08 billion, 4% higher than 2017 and buoyed by rental businesses. Filinvest Land posted consistently growing revenues from 2014 to 2018.
The firm’s vision is to be a trusted real estate developer that inspires and enhances a happy life.
The firm's mission encompasses its goals for its employees, investors, projects, communities and the environment. It aspires to enrich the lives of Filinvest communities, promote affordable housing, create platforms that foster sustainable and vibrant ecosystems, create and add value for its investors, encourage and enable the growth of its partners, and respect and protect the environment.
The recruitment process varies from role to role, but graduates may expect a series of technical or behavioural one-on-one or panel interviews with HR representatives and/or department managers. A set of on-site written exams may also be administered which may include the following: psychological assessment exam, logical reasoning, verbal reasoning, management exams, and numerical ability. The process may take one to four weeks.
Insiders reported an average basic salary with several fringe benefits that may include health insurance with dependents, annual physical examination, 13th and 14th-month pay, performance incentives, annual increase, and mandatory government benefits.
Filinvest Land conducts several programs aimed at keeping its employees well-trained and engaged. Leaders are offered programs such as coaching, problem-solving, behavioural interviewing, and decision making. In 2018, two major employee engagement programs were held - FLI Greatest Filinvest Show Christmas Party and FLI Family Day. Both events encourage employees to bond with their colleagues and families. Filinvest also celebrates Halloween, Father's Day, Mother's Day, and Valentine's Day.
The words 'fun' and 'supportive' are often used to describe the firm's working environment.
Filinvest Land conducts various corporate social responsibility initiatives to develop camaraderie among its ranks and give back to communities. In 2018, the firm focused on education by partnering with Jose Rizal University and the Technological Institute of the Philippines. Around 153 students rendered 80 hours of immersion under the direction of mentors from Legal, Technical Planning, Controllership, and Filinvest's water company, CWSI. Filinvest Land also teamed up with Brigada Eskwela, an institutional program developed by the Department of Education, to renovate schools in Mandaluyong City.
To protect the environment, several initiatives where employed. Filinvest subsidiaries joined the International Coastal Clean-up program, which involved cleaning up beaches, while the annual Keep it Green activity encouraged Filinvest Land employees to plant tree seedlings along the slopes of Timberland Heights and Havila townscapes.
Though plagued with insider complaints about career growth and long hours, those looking to dive into the real estate industry will find outstanding training at Filinvest Land surrounded by supportive management that offers valuable training.