Speciality Leasing Manager Majid Al Futtaim UAE

Majid Al Futtaim presently has a job opening for suitably qualified and experienced candidate for position of a Speciality Leasing Manager. The successful candidate will be responsible for achieving or exceeding revenue targets established by the Leasing Department for Short term Retail (STR) in the assigned AMBU operating assets ensuring maximizing profitability and continuous business growth.

Duties of Speciality Leasing Manager

• Liaise closely with the Director STR to achieve or exceed the annual revenue targets set for the Short Term Retail (STR) program in each of the assigned operating assets.
• Lead and manage the Specialty Leasing team.
• Set the Specialty Leasing (STR) yearly strategy, in line with the Business unit strategic objectives.
• Set the yearly budget and periodic forecasts for the department and allocate related responsibilities across the team.
• Manage the budgets for the assigned operating assets and monitor the monthly income, ensuring budgets are either met or exceeded.
• Ensure and maintain full level of occupancy across all unit types i.e. kiosks, wall units, service units, ATMs and any other unit that is identified for STR.
• Identify and prospect potential clients and new retail concepts suitable for the assigned operating assets and ensure to maintain database of potential tenants.
• Expand opportunities in the Short Term Retail (STR) areas in the assigned operating assets by conducting regular field visits to gain full knowledge of new retail concepts and competition, with a view of growing business and increasing profitability.
• Manage the entire sales process from proposal stage to execution.
• Lead, negotiate lease agreements with key account tenants and existing brands in line with the tenancy mix and budget.

What You’ll Do More?

• Prepare and manage all necessary documentations in line with MAFP’s policies and procedures.
• Maintain a proper filing procedure to record all deal related correspondence, including maintaining tenant marketing brochures library.
• Ensure that all dues (including but not limited to documents, payments, sales reports) are collected on a timely basis.
• Liaise with the concerned Departments of AMBU e.g.
• Property Management and Finance etc., on day to day related matters of STR.
• Coordinate closely with the Retail Design & Delivery team and Visual Merchandiser in all matters relating to the retail concept especially matter that may impact the sales performance.
• Prepare market analysis report(s) with track of market rentals for STR units in competing malls.
• Ensure compliance with the MAFP AMBU’s Code of Conduct, Departmental policies and HC Policies and Procedures at all time.
• Be the advocate and ambassador of aligning and cascading the MAFP values in the assigned area of responsibility.

Eligibility Requirements

The eligibility Requirements for role of a Speciality Leasing Manager are as under:

• Bachelor’s degree in Business Administration or equivalent.
• Minimum 7 years work experience in managing Sales / Clients for short term lease / Lease Administration .

Leasing Manager, Majid Al Futtaim UAE