Job Requisition ID: 155858

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world\'s most admired and innovative brands. Al-Futtaim Group\'s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

Responsible for the day to day management of the Shopping Centre across mentioned disciplines by setting the highest standards of centre management ensuring the business is in line with revenue forecasts and budgeted expenditure to deliver the EBIDAT.

Shopping centre management interaction; accounting, retailer relations, revenue generation and asset management responsibility; preparation of budgets and/or forecasts and business plans, coordination of specialty leasing program and coordination of the concierge program. Day to day leader; overseeing personnel, development of on-site staff and interaction with corporate staff and involvement with community stakeholders. Share in responsibility for maintaining the physical integrity of the Centre, creating an environment that enhances guest experience and store sales. Primary focus is to increase the value of the Centre by increasing its Net Operating Income with minimal capital invested.

What you will do:

Responsible for:

1.Financial Performance

a.Operating Budgets: Preparation of Retail Operations budget which includes projection for capital, man power, operating expenditure and income forecast to submit to Board of Directors for review. Review frequently to ensure actual is in line with projection and takes remedial action against any negative variances. Previous experience to be utilized, subordinate information and market trends to deliver a budget forecast for revenue and expenditure. Identifying any possible concerns and report to Board of Directors. Tight management of debtors and EBIDAT delivery are key objectives.

b.Service Charge: Instigate a proper s/c budget & matrix to ensure that all operational expenditure is fully recoverable from the tenants and audited at year end in accordance with International standards.

c.Financial Overview: Assist with the preparation and review of monthly and annual financial reports, including re-forecasting, P&L, lease abstracting and budgeting. Assists with collection of monthly receivables as requested by the Country General Manager.

d.Asset Management: Oversees the condition and maintenance programs of key asset systems, for best commercial life and salvage ability of assets.

2.Marketing

a.Oversee the marketing of the Mall and all associated events, ensure that these are properly marketed and involve retailers so footfall and tenant sales are factored into every event. Liaise closely with regional marketing.

b.Guest Experience: Enhance the guest experience through any means practicable. Handle guest complaints as and when required.

c.Marketing Plan: Facilitates the management of the marketing program together with the Country General Manager and Marketing Manager. Programs are consistently innovative, targeted and effective: budget well prepared and executed, Brand consistency maintained.

d.Community Relations: Maintain positive relationships with local community. Have good working knowledge of political and regulatory changes that may impact Centre operations. Take corrective action and inform others, as required.

e.Tenant Relations: Maintain excellent communication with all tenants and be aware of the terms of their leases in order to encourage their compliance. Regular meetings and visits with tenants.

3.Operational Excellence

a.Operating Standards: If external work is required, ensure a minimum of 3 companies are tendered for the work and based on price, quality and urgency of the work to make a recommendation to the Board of Directors for approval as per the DOA. If 3 companies are not available to offer the required work and will provide justification which will be submitted along with the approval requisition. The centre must be looking at the highest standard at all times for the retailers and shoppers.

b.Supervision: Supervise and provide direction for the concierge department, specialty leasing department, administrative assistant and receptionist.

c.Property Development: Evaluate property needs and recommend improvements as required. Execute approved projects in a timely and commercially appropriate manner; ensures scope accuracy and compliance

4. Human Resource Management

a. Performance Management: Appraise employees on a regular basis as per the company guidelines, identify training and where ever applicable, request for external training as per the DOA approval. Ensure at all times that his subordinates are motivated and providing the standard of work required by the company.

b.Internal Coordination: Working knowledge of other Corporate Departments. Ability to provide interface and cohesiveness with the numerous departments that impact Centre Management.

5.Report Presentation

Present reports on tenants, income, expenditure, positioning and competition to the company from information compiled by his subordinates and Market Research in order to compare actual with budget projections and ways of further improving the company design concept. Ensure update information is presented at all times from all sources whilst preparing reports in order to reflect, as best as he can, the actual status of the company.

Required skills to be successful:

Job-specific skills:

• Knowledge of all aspects of leasing & marketing inc. strategy, implementation and operation.
• Ability to work with and communicate effectively with tenants, contracted services personnel and fellow employees.

Functional Competencies

• Leadership
• Management
• Operations
• Relationship
• Financial Acumen
• Time Management
• Conflict Resolution

What equips you for the role:

Minimum Qualifications and Knowledge:

• Degree in business administration with specialization in Marketing & Real Estate with extensive knowledge of developing commercial Real Estate properties.
• Masters in Business Administration (Marketing, Accounting) etc is preferred.

Minimum Experience:

• 10-15 years of experience in the relevant field in organizations of repute of which at least 5-7 years must have been spent in a top management of shopping centre or retail management.

About Al-Futtaim Malls
Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers.

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper\'s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt, Doha Festival City in Qatar and Zenata Mall, Morocco.

Leveraging on the expertise of its parent company, Al-Futtaim Malls established PLEX Management Services offering a full array of services including asset management and development, leasing, and brand experience expertise to shopping mall landlords and retail organizations globally. Implementing global best practice and deploying Al-Futtaim Mall\'s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.

For more information on Al-Futtaim Malls, please visit https://www.al-futtaimmalls.com/

Al-Futtaim