وصف الوظيفة
Role Overview
Senior Vice President – Asset Management (Retail) at Aldar Properties. The role oversees implementation of retail strategy for owned and third-party assets, with full P&L accountability for assigned properties.
Role Purpose
Oversee the implementation of retail management strategy across assigned retail assets, own detailed P&L statements and financial performance, and drive growth through asset optimization, development delivery, and strategic investment decisions.
Key Responsibilities
Financial Management & Analysis
- Own detailed P&L statements for each assigned asset, consolidating financials for combined assets and submitting to the Head of Asset Management and Operations for review.
- Conduct in-depth financial analysis including IRR, ROI, and ROE on underperforming assets or potential acquisition opportunities.
- Support go/no-go decisions on asset disposals based on feasibility studies.
- Ensure financial targets are met through effective strategies including rent pricing and tenant mix optimization.
Asset Performance & Operations
- Work closely with the Property Management Head to recommend, track, and monitor monthly operational and financial targets for each asset.
- Identify opportunities for improvement and recommend mitigation actions when needed.
- Co-define and monitor asset performance and customer satisfaction KPIs, collaborating with teams such as Retail Leasing to meet targets.
Strategy & Market Analysis
- Provide inputs to the Executive Director of Asset Management in developing cross-retail asset strategies, determining rent pricing, and setting leasing and tenant mix.
- Analyze market trends to maximize profits and identify emerging asset investment opportunities.
- Drive the company's growth initiatives through proactive investment and development opportunities.
Development & Transformation
- Manage the delivery of assets in the growth pipeline including new development and transformation projects.
- Build the pipeline of retail assets based on the business plan and coordinate with the Development Management team for timely delivery.
- Build the business case for transformation of existing assets and oversee design and delivery of projects on time and within budget.
Acquisition & Integration
- Conduct market studies for potential acquisitions and coordinate with the investment management team for process completion.
- Manage post-acquisition integration activities.
Strategic Disposal
- Perform in-depth financial analysis on assigned underperforming assets and recommend for asset disposals.
Qualifications & Experience
- Minimum 12+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1 billion.
- Minimum 4+ years of experience in a similar managerial position.
- Experience in retail management including malls and community retail.
- Strong exposure to GCC real estate market.
- Experience in Property Management and respective remedial auctions.
- Bachelor's degree in engineering, business, or economics.
Skills & Competencies
- Excellent analytical skills.
- Planning and organizing skills.
- Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders.
- Excellent negotiation and persuasion skills.
- Excellent conflict resolution and management skills.
- Excellent communication and interpersonal skills.
- Excellent relationships with major Middle East regional retailers.
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