Manager Asset Management Full-time Job

Role Details – Key Responsibilities and Accountabilities:

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.

Drive the cross-functional team throughout the development process and provide relevant inputs while ensuring real estate best practices are applied e.g. coordinate with leasing leads formulating target tenant mix based on market positioning.

Track and drive performance of the development projects on operating assets while ensuring lessons learned are tracked and accounted for in new projects.

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.

Define and drive the business plan and value creation strategy/positioning for each asset by taking the ‘owner’s view’ for the assigned portfolio.

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.

Work closely with the Finance / Regional Teams (for assigned portfolio) on supporting Quarterly Forecasting and ensuring all leasing budgets are assigned under the agreed upon framework.

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.

Provide inputs for valuation team in Corporate Finance.

Support in drafting any amendments to the policies, procedures and DOA as required.

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.

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 and 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 / 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.

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one mans vision to transform the face of shopping, entertainment and leisure to create great moments for everyone, every day. It has since grown into one of the United Arab Emirates most respected and successful businesses spanning 15 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 25 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa and Asia, and operates a portfolio of more than 270 outlets in 15 countries.
Majid Al Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet family entertainment centres across the region. In addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.