Assistant Vice President – Asset Management (Retail)

ALDAR; Abu Dhabi; On-site; AED 360,000 - 600,000; Full time

Job summary

Aldar in Abu Dhabi is seeking a senior asset management professional to lead financial analysis, manage P&Ls, and oversee acquisitions, disposals, and transformations of retail assets.

You will work with Retail GMs and the SVP Asset Management to optimize performance, monitor KPIs, and drive investment opportunities across GCC markets.

Qualifications

• 8+ years of experience in managing retail asset properties.
• Experience in GCC real estate market.
• MBA or equivalent is preferred.

Responsibilities

• Support the execution of Retail Management Strategy and consolidate P&L statements for asset managers.
• Collaborate with teams to optimize asset performance and track financial targets.
• Coordinate acquisitions, disposals, and transformations of retail assets.
• Analyze underperforming assets (IRR, ROI, ROE) and recommend actions.
• Monitor P&L for assigned assets with rent pricing and tenant mix strategies.
• Build business cases for asset transformations and manage P&L for community malls.
• Identify growth opportunities through market trends and financial analysis.
• Coordinate with Retail GMs to identify synergies and track monthly targets.
• Provide insights to SVP Asset Management on cross-retail strategies and KPIs.

Skills

Analytical skills

Conflict resolution

Communication & planning

Stakeholder relationships

Negotiation & persuasion

Interpersonal skills

Retailer relationships

Education

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

Job description

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. This role is for a UAE National.

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

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.