Senior Vice President – Asset Management (Retail)

Aldar; Abu Dhabi; On-site; AED 350,000 - 500,000; Full time

Job summary

Aldar in Abu Dhabi seeks a senior Asset Manager to oversee retail strategy implementation for Own and 3rd party assets, owning P&L and driving financial targets through pricing, tenant mix and strategic investments.

The role requires deep experience in retail asset management, strong analytical skills, and ability to liaise with multiple stakeholders across GCC markets. MBA not required but extensive market exposure is essential.

Qualifications

• Min 12+ years of related experience in managing retail asset properties.
• Min 4+ years of experience in a similar managerial position.
• 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.

Responsibilities

• Oversee the implementation of the Retail Management Strategy across assigned retail assets.
• Own detailed P&L statements for each asset, consolidating the financials for the combined assets.
• Conduct in-depth financial analysis (IRR, ROI, ROE) on underperforming assets or potential acquisitions.
• Manage the delivery of Assets in growth pipeline including new development and transformation.
• Analyze market trends to maximize profits and drive growth opportunities.
• Collaborate with Property Management Head to monitor monthly targets and recommend mitigations.
• Provide inputs to the ED of Asset Management for cross-retail asset strategies, rent pricing and leasing mix.
• Co-define and monitor asset performance and customer satisfaction KPIs with Retail Leasing.

Education

Bachelor’s degree in engineering, business or economics

Job description

JOB PURPOSE

Oversee the implementation of the retail strategy for Own Assets and 3rd Party assets

Own P&L for assigned assets, ensuring financial targets are met through effective strategies (rent pricing, tenant mix, etc.).

ROLES AND RESPONSIBILITIES

Oversee the implementation of the Retail Management Strategy across assigned retail assets

Own detailed P&L statements for each assigned asset, consolidating the financials for the combined assets, and submitting to the Head of Asset Management and Operations for review.

Conduct in-depth financial analysis (IRR, ROI, ROE) on underperforming assets or potential acquisition opportunities, supporting go/no-go decisions on asset disposals based on feasibility studies.

Manage the delivery of Assets in growth pipeline including new development and transformation

Analyze market trends to maximize profits, identify emerging asset investment opportunities, and drive the company’s growth initiatives through proactive investment and development opportunities.

Work closely with Property Management Head to recommend, track, and monitor monthly operational and financial targets for each asset, identifying opportunities for improvement and recommending mitigation actions when needed.

Provide inputs to the ED of Asset Management in developing cross-retail asset strategies, determining rent pricing, and setting leasing/tenant mix.

Co-define and monitor asset performance and customer satisfaction KPIs, collaborating with teams such as Retail Leasing to meet the targets

• Development Mgmt (D’Hold Input/Advisory) : Build the pipeline of retail assets based on the business plan. Coordinate with AI-DM for the timely delivery
• Acquisition & Integration: Conduct market study for potential acquisitions and coordinate with investment management team for processcompletion; manage the post acquisition- integration activities
• Strategic Disposal (Advisory): Perform in depth financial analysis (IRR, ROI, ROE) on assigned underperforming assets and recommend for asset disposals
• Transformation: Build the business case for the transformation of existing assets and oversee the design & delivery of the projects on time within the budget

RELATED YEARS OF EXPERIENCE

Min of 12+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

YOE IN MANAGERIAL POSITION

Min of 4+ years of experience in a similar managerial position

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

Excellent analytical skills

Planning and organizing skills

Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders

Excellent negotiation and persuasion skills

Excellent conflict resolution/management skills

Excellent communication and interpersonal skills

Excellent relationships with major Middle East regional retailers

QUALIFICATION

Bachelor’s degree in engineering, business or economics