Associate Retail Asset Management, Aldar Properties UAE

  • Full time
  • Abu Dhabi, UAE
  • Posted 9 months ago
  • 10000-22000 AED / Month

Aldar Properties

Aldar Properties is actively recruiting young and vibrant candidate for job role of Senior Associate Retail Asset Management in Abu Dhabi. This job vacancy is only for Emiratis / UAE nationals. This job was recently posted by Aldar’s careers page. Candidates desirous for this vacancy should hurriedly submit their CVs.

Purpose of A Senior Associate Retail Asset Management

  • Support retail assets operations.
  • Support Retail Asset Manager in monitoring asset’s operational & financial performance, conduct comprehensive analysis to identify underperforming assets & assess potential divestitures or acquisition.

Job Duties of A Senior Associate Retail Asset Management

  • Support in the implementation of retail management strategy in the assigned retail asset.
  • Support in the preparation of detailed P & L for each assigned asset and consolidation of combined assets for onward submission to the Head of Asset Management and Operations.
  • Monitor and track monthly operational and financial targets per asset in coordination with Retail GMs, identify and recommend mitigation actions in conjunction with the Asset Manager.
  • Assist the Asset Manager in generating 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.
  • Monitor budgets, financial models and highlight variances, if any.
  • Conduct market research to assist Asset Manager with up to date rent pricing for retail properties.
  • Monitor and keep track of the KPIs on retail/asset performance and customer satisfaction to ensure alignment to the set targets.
  • Liaise with Retail GMs to obtain constant updates on asset performance.
  • Coordinate with other Retail GMs to develop and recommend synergies between various assets.
  • Monitor asset operations, escalate and recommend adjustment in case of deviations.

Qualification & Experience

  • Bachelor degree in engineering, business or economics.
  • MBA is preferred.
  • Minimum of 4-6 years of related experience in retail asset properties.

Skills & Knowledge Desired

  • Knowledge and exposure to the GCC real estate market, experience in Abu Dhabi retail market preferred.
  • Good analytical and quantitative skills.
  • Well versed in MS office application.
  • Good interpersonal and communication skills (verbal & written).
  • Good reporting and presentation skills.
  • Good planning and organizing skills.
  • Good negotiation and persuasion skills.

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