Job Description

Job Title Manager Asset Management

Description

Manager, Asset Management

ROLE DESCRIPTION (level dependent on portfolio complexity)

Title:

Code:

Manager, Asset Management

TBA

Role Holder (if currently filled):

Role archetype

TBA

Division/Department

Grade/Level

Shopping Malls / Asset Management

Manager

Reporting to

Location

Lead, Asset Management

UAE

Managing/Leading (if applicable):

Date of last revision

TBD

Role Purpose:

The position is primarily responsible to ensure the execution of 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 leading and directing all strategic and operational activities for SMBU across the designated portfolio, the role will support the asset management lead in monitoring performance and ensuring that key initiatives are being driven in alignment with the Regional Managing Director.

Role Details- Key Responsibilities and Accountabilities:

• Accountable for maximizing the overall economic value through execution of the strategic asset plans.
• Provide relevant inputs to development projects on operating assets 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.
• Be part of a 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.
• 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.
• Embed CAPEX framework in business cases and 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 Majid Al Futtaim Properties to the Audit Risk Committee.
• Ensure compliance with the MAFP SMBU's Code of Conduct, Departmental policies and HC Policies and Procedures at all times.

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