Asset Manager Real Estate

Quanterra Group; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading Real Estate Asset Management Company in UAE is seeking an experienced Asset Manager to oversee a portfolio of residential real estate assets. The role involves managing strategic oversight, optimizing performance, and maximizing property value. The ideal candidate will have over 10 years of real estate asset management experience, a relevant degree, and strong analytical skills. This position offers an opportunity to significantly impact asset value and drive success within a dynamic work environment.

Qualifications

• 10+ years of real estate asset management experience, UAE experience preferred.
• Proven track record of hitting budget and cost optimization targets.

Responsibilities

• Manage and oversee a portfolio of residential real estate assets in the UAE.
• Provide strategic oversight and decision making across the portfolio.
• Develop business plans and strategies for each asset to increase revenue.
• Manage refurbishment and property improvements, controlling capex budgets.
• Create regular internal summary reports to communicate key issues.

Skills

Strategic thinker

Data analysis and presentation

Understanding of budgets and financial statements

Operational decision-making impact analysis

Proficient user of Excel

Knowledge of leasing and property management

Education

Degree in real estate, finance, engineering, or related field

Job description

About the job Asset Manager - Real Estate

Our client is a leading Real EstateAsset Management Company in the UAE who are seeking an experienced and dynamic Asset Manager.

Job Purpose

The Asset Manager will manage and oversee a portfolio of residential real estate assets located across the UAE, with the aim of optimising performance and maximising value of the properties.

Roles and Responsibilities

Strategic Asset Management

The asset manager reports to the fund management and shareholders and the role is to provide the strategic oversight and decision making across the portfolio that will return maximum investment value.

The asset manager takes a holostic view across operations, leasing, finance and investment in order to make key decisions and actions which enhances performance, income and value.

They co-ordinate and manage outsourced property managers and other service providers who carry out the propertys day-to-day operations.

This role is not a property manager role, although property managers who meet the required criteria may be considered if exceptional.

Operations

Oversee all aspects of property management including leasing, tenant management, operations and refurbishments.

Manage external property managers, facilities managers and other third parties servicing the assets.

Manage leasing and lease renewals.

Draft key property management documents including PM/FM service provider contracts and leases, with a deep understanding of key terms and conditions.

Develop a business plan and strategy for each asset to increase revenue and reduce costs.

Create property level budgets including forecasting of occupancy, rent, opex and capex.

Regular review of financial performance and subsequent actions to improve and optimise performance.

Collect, manage and analyse market and property data to inform decision making, being a proficient user of excel.

Oversee the functioning of key finance tasks including invoicing and payments.

Maintenance and Improvements

Manage refurbishment and property improvements, being able to manage and control capex budgets, and understand their impact on asset value, assessing ROI of capex investment.

Reporting and Communication

Create regular internal summary reports to communicate key issues to management.

Draft high quality reports and presentations for external parties.

Ability to present data and complex issues in a clear and concise way is critical.

Being a Strong Team Player and Group Ambassador

Promoting internal collaboration and a positive work environment, a key pillar of our company, to foster strong team spirit and drive success.

Representing the firm to the market, to partners and to all relevant stakeholders and relevant authorities as an.

Key Skills Required for Role

• Strategic thinker.


• Deep understanding of how operational decision making impacts net income and asset value.


• Ability to collect, manage, analyse and present data to support decision making.


• Ability to analyse complex data and present recommendations and solutions to all relevant stakeholders.


• Understands budgets and financial statements.


• Proficient user of excel and worksheets.


• Knowledge and understanding of leasing, property and facilities management.

Required Experience and Qualifications

• 10+ years of real estate asset management experience. UAE experience is preferred.


• A degree in real estate, finance, engineering, or related field.


• A proven track record of hitting budget targets and cost optimisation targets.