Assistant Vice President – Asset Management (Retail)

Aldar; Abu Dhabi; On-site; AED 350,000 - 700,000; Full time

Job summary

Aldar in Abu Dhabi is seeking a senior Asset Management professional to execute retail strategy, manage P&Ls for multiple assets, and support acquisitions, disposals and transformations across the portfolio.

You will analyze performance metrics, coordinate with asset managers, and drive value through rent strategies, tenant mix, and capital planning with a regional focus on the GCC.

Qualifications

• Must hold a Bachelor’s degree in engineering, business or economics and an MBA.
• Minimum 8+ years of related experience in managing retail asset properties.
• Experience in GCC retail real estate and asset management.

Responsibilities

• Support execution of Retail Management Strategy and consolidate financials for asset review.
• Collaborate with asset managers to optimize asset performance and growth.
• Analyze performance metrics (P&L, IRR, ROI) for assets and opportunities.
• Coordinate acquisitions, disposals, and transformations with stakeholders.
• Develop business cases for asset transformations and rent/tenant mix strategies.
• Monitor monthly financial targets and provide insights to senior leadership.
• Identify investment opportunities and synergies across retail assets.

Skills

Analytical skills

Conflict resolution

Communication & planning

Stakeholder relations

Negotiation skills

Interpersonal skills

Retail 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