Senior Retail Asset Manager: P&L & Growth

Aldar Academies; Abu Dhabi; On-site; AED 100,000 - 165,000; Full time

Job summary

Aldar Academies is seeking an experienced asset management professional to lead financial oversight of retail assets in the UAE. The role focuses on managing P&L, optimizing rent pricing and tenant mix, and identifying investment opportunities across GCC markets.

Applicants should have a strong background in retail asset management, with a track record of handling high-revenue properties and coordinating acquisitions or transformations to drive growth.

Qualifications

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

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.

Skills

Financial analysis

P&L management

Stakeholder management

Negotiation

Market analysis

Education

Bachelor's degree in engineering, business, or economics

Job description

Aldar Academies is seeking an experienced asset management professional to lead financial oversight of retail assets in the UAE. The role focuses on managing P&L, optimizing rent pricing and tenant mix, and identifying investment opportunities across GCC markets.

Applicants should have a strong background in retail asset management, with a track record of handling high-revenue properties and coordinating acquisitions or transformations to drive growth.