Senior Associate - Asset Management - Retail

Job Purpose

• Assist in the development and ensure integrity of overall Asset Management Strategy of assigned assets Manage the assigned retail assets P&L and B/S
  
  
  

• Assist in the implementation of retail management Strategy in the assigned retail assets
• Prepare reports to support management requirements such as P&L for each assigned assets and consolidation of the combined assets for onward submission to the Head of Assets Management and operations
• Analyze market trends to maximize profits and identify asset investment opportunities
• Assist in any financial reporting by gathering data needed for in depth financial analysis (IRR, ROI, ROE) on assigned underperforming assets or attractive opportunities, on sale in the market to assess potential divestitures or acquisitions; provide input to Head of Asset Management and operations and head of retial asset management in making go/no go decisions on asset disposals based on results of feasibility study.
• Devlop matrix to support Asset Ops during asset operations, review and recommend adjustments in case of deviations
• Receive constant updates from retail General Managers on asst performance
• Coordinate with other Retail GMs to develop and recommend synergies between various assets
  
  
  

• Experience in retail management i.e., malls and community retail
• Strong exposure to GCC real estate market
• Real estate valuation and management consultancy
  
  
  

• Annual and YoY growth of occupancy level of assigned retail assets.
• Realized NOI as % of target profits.
• Revenues and NOI growth of assigned retail assets v/s previous year.
• YOY Change in assigned retail asset values of existing prporties
  
  
  

• Ability in building and maintaining strong relationships with external service providers and customers
• Good communication, planning and organizing skills.
• Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders.
• Good negotiation and persuasion skills.
• Good conflict resolution/management skills.
• Good communication, and interpersonal skills.
• Good relationship with major Middle East regional retailers.
  
  
  

• Bachelor’s degree in engineering, business or economics, MBA