Assistant Vice President – Asset Management (Retail)

JOB PURPOSE

Support the execution of retail management strategy by analyzing financials, managing P&Ls, and support asset acquisitions, disposals, and transformations. Collaborate with teams to optimize asset performance, track financial targets, and identify investment opportunities for growth.

ROLES AND RESPONSIBILITIES

• Support the execution of Retail Management Strategy, prepare detailed P&L statements, and consolidate financials for review by asset managers.

• Support the development pipeline by collaborating with AI-DM for timely asset delivery.

• Conduct market studies and coordinate acquisitions, managing the integration and handover of newly acquired assets.

• Analyze underperforming assets (IRR, ROI, ROE) to recommend disposals or transformations.

• Monitor the P&L for assigned retail assets, ensuring financial targets are met through strategies like rent pricing and tenant mix.

• Assist in building business cases for asset transformations and manage P&L for community malls, advising on rent rolls, pricing, and asset operations.

• Analyze market trends and perform financial analysis on potential acquisitions, disposals, or transformations to identify growth opportunities.

• Contribute to the company's growth by identifying investment opportunities. Coordinate with Retail GMs to identify synergies, optimize performance, and track monthly operational and financial targets.

• Provide insights to SVP Asset Management on cross-retail strategies, rent pricing, leasing/tenant mix, and KPIs to enhance asset performance and customer satisfaction.

RELATED YEARS OF EXPERIENCE

Min of 8+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

FIELD OF EXPERIENCE

• Experience in retail management i.e., malls and community retail

• Strong exposure to GCC real estate market

• Experience in Property Management and respective remedial auctions

TECHNICAL AND INTERPERSONAL SKILLS

• Good analytical skills

• Good conflict resolution / managements skills

• Good communication, planning and organizing skills

• Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders

• Excellent negotiation and persuasion skills

• Interpersonal skills

• Excellent relationship with major Middle East regional retailers

QUALIFICATION

Bachelor's degree in engineering, business or economics, MBA