Asset Management Manager Majid Al Futtaim

Majid Al Futtaim is currently looking for a detail-oriented Asset Management Manager who will be responsible to co-own, co-lead and ensure the asset management agenda across designated geographies is delivered. This is achieved through the building of the strategic plan in accordance with the strategy of MAFH, MAFP and SMBU. While the Regional Managing Director is responsible for the day-to-day execution of the annual plan, the role will support the asset management lead responsible for supporting and monitoring performance and ensuring that key initiatives are being driven enabling the Regional Managing Director to focus on day to day operational performance. This is a mid level full time role. The salary for this role ranges from 10000 AED to 20000 AED, which may be slightly negotiatable during the interview.

Responsibilities of Asset Management Manager

• Accountable for maximizing the overall economic value of each asset assigned to the portfolio by taking the ‘owner’s view’, ensuring implementation of best practices defined by the Head of Asset Management and leading the team after asset is operational.
• Work with the Strategy and Asset Management Leads to create development briefs ensuring product alignment to consumer and customer requirements in a manner that is financially viable.
• Work with the Strategy and Asset Management Leads to drive the annual Asset Plans, incorporating the executional roadmap for all outlined initiatives.
• Lead cross-functional team for operating assets to implement asset-level strategic plan, ensuring cross-functional coordination to maximize asset value.
• Act as the translator of business insights into an actionable roadmap for regional team execution.
• Review asset-level annual budgets for Marketing, Leasing and Shopping Center Management and ensure alignment with strategic plan.
• Leverage the expertise from the SMBU Asset Management Senior Director and ensure implementation.
• Approve relevant contract adjustments, leases, renewals, and re-tenanting depending on their value.
• Work with the Strategy Lead to develop the research requirements for the assigned portfolio.
• Conduct regular performance monitoring (e.g. rent recovery, footfall, turnover, sales, etc.) for the assigned portfolio.
• Support Regional Leasing Teams in the preparation and structure of leasing deals prior to approval process.
• CAPEX prioritization framework to be embedded in all business cases with the relative teams prior to their submission for approval.
• Continuously monitor CAPEX spend vs requests and ensure reporting in collaboration with the asset control team.

What You’ll Do More?

• Lead the build-up of operational risk register in the region together while ensuring clear mitigation and ownership strategies are in place.
• Monitor and report as required through finance and MAFP to the ARC.
• Provide inputs for valuation team in Corporate Finance.
• Support in drafting any amendments to the policies, procedures and DOA as required.
• Ensure compliance with the MAFP SMBU’s Code of Conduct, Departmental policies and HC Policies and Procedures at all times.
• Be the advocate and ambassador of aligning and cascading the MAFP values in the assigned area of responsibility.
• Ensure that relevant team adhered to and exhibit the same all the time.
• Build the capability of staff reporting into by providing on time regular feedback including annual review on performance and identify areas of improvement or reinforcement for further development.
• Manage, guide and mentor the Asset Management team reporting into and take full responsibility in identifying potential talent and timely supporting professional development.
• Lead by example thrive to create an honest and open work environment where individuals collaborate /support each other as a team and are passionate to achieve a common business objective.

Eligibility Requirements

The eligibility requirements for role of an Asset Management Manager are as under:

• Master’s degree in Real Estate / Business Administration / Finance or equivalent.
• Professional qualification e.g RICS, CFA.
• Minimum 5-10 years of progressive experience in managing all aspects of Asset Management function in a highly dynamic organization, preferably Retail / Real Estate in GCC or abroad with at least 4-8 years in a similar role.

Skills Desired

• Excellent organizational and interpersonal skills.
• Able to communicate clearly and effectively to a wide range of stakeholders.
• Ability to work effectively as part of a high performing team.

Assistant Manager Asset Management Tabreed Abu Dhabi

Finance Executive Majid Al Futtaim