Assistant Vice President – Asset Management (Retail)

Aldar Properties; Abu Dhabi; On-site; AED 350,000 - 520,000; Full time

Job summary

Aldar Properties in Abu Dhabi is seeking a senior Asset Management professional to drive the retail portfolio performance. You will analyze financials, manage P&L for community malls, and support acquisitions, disposals, and transformations, aligning with the company’s growth strategy.

Collaboration with Retail GMs and SVP Asset Management to optimize rent pricing, tenant mix, and KPIs is essential. The role requires deep GCC real estate market knowledge and a minimum of eight years in retail

Qualifications

• Bachelor’s degree in engineering, business, or economics (or equivalent).
• Experience in retail asset management and financial analysis is required.
• Strong negotiation and relationship-building skills are essential.

Responsibilities

• Analyze P&L and consolidate financials for asset managers.
• Support asset acquisitions, disposals, and transformations.
• Collaborate with Retail GMs to optimize performance and track KPIs.
• Conduct market studies and assess investment opportunities for growth.
• Build business cases for asset transformations and manage P&L for assets.
• Monitor rent pricing and tenant mix to meet financial targets.

Skills

P&L management

Financial analysis

Asset management

Market analysis

Stakeholder management

Education

Bachelor’s degree in engineering, business, or economics

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 exclusive to UAE Nationals.

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 the 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 relationships with major Middle East regional retailers

QUALIFICATION

Bachelor’s degree in engineering, business, or economics