Commercial Asset Manager

Transport for London; London; Hybrid; GBP 55,000 - 61,000; Full time

Job summary

An established industry player is seeking a Commercial Asset Manager to drive revenue from retail assets. This role involves identifying commercial opportunities, developing asset plans, and collaborating with stakeholders to ensure successful delivery of initiatives. The ideal candidate will possess strong property management experience, an entrepreneurial mindset, and excellent stakeholder engagement skills. Join a forward-thinking organization that values diversity and offers a supportive environment for professional growth. This position provides a unique opportunity to contribute to the strategic direction of asset management while enjoying a range of attractive benefits.

Benefits

Final salary pension scheme

Free travel on the TfL network

75% reimbursement for National Rail travel

30 days annual leave

Private healthcare discounted scheme

Tax-efficient cycle-to-work programme

Retail, health, leisure and travel offers

Discounted Eurostar travel

Qualifications

• 5+ years experience in retail, property transactions, or asset management.
• Strong market profile and knowledge of commercial dynamics.

Responsibilities

• Identify and pursue commercial opportunities within retail assets.
• Develop business cases for commercial initiatives and coordinate appraisals.

Skills

Property asset management

Commercial dynamics knowledge

Entrepreneurial mindset

Project management

Stakeholder engagement

Numerical analysis

Education

A Level education or equivalent

Degree in business-related discipline

MRICS accreditation

Job description

Job Description - Commercial Asset Manager (047763)

Commercial Asset Manager 047763

Organisation

Organisation

- Asset Investment

Job

Job

- Surveying

Position Type - Full Time

Salary - £55,000 - £61,000
Location – Victoria Station House, include hybrid working, 3-4 days a week in the office.
Contract Type – Permanent (TfL)
Band - 3

Overview of project/role

The Commercial Asset Manager will identify commercial opportunities within a defined group of assets within the retail sector of the Asset Management Directorate (e.g. LU JNP, Surface Buses, etc.) with the aim of generating the maximum amount of income from the organisation’s asset base.

This role will take responsibility for identifying and pursuing ideas for commercial opportunities, including development of asset plans across asset grouping, development of business cases for commercial opportunities and working closely with delivery sponsorship teams in the operating businesses to ensure commercial initiatives are delivered.

The Commercial Asset Manager will build excellent relationships with stakeholders within their respective area.


Key Accountabilities

1. Contribute to the development of a set of strategy and asset plans for the retail sector to determine the most appropriate mix of commercial opportunities.

2. Lead the development of business cases for commercial opportunities and coordinate investment appraisals for specific commercial opportunities, identifying relevant risks and constraints, including operational and political sensitivities.

3. Draw on strong relationships with individual asset owners across the TFL/Places For London businesses and work with these individual asset or asset cluster owners to gain buy-in for commercial opportunities.

4. Work closely with commercial sponsors in the operating businesses, individual asset or asset cluster owners to identify the most effective delivery methods and expedite the delivery process.

5. Support forecast and reviews of the future income portfolio for the retail sector assets in collaboration with other Places For London functions and departments.

6. Carry out asset performance benchmarking, to determine opportunities to maximise revenue within the TfL asset portfolio.

7. Ensure all asset opportunities are developed in accordance with Asset Management Directorate, TfL corporate objectives, Mayoral policies and other legal/statutory requirements.

Key Interfaces

Establish and develop relationships in a variety of capacities with the following:

• Senior managers in the operating businesses: Critical to ensure that new opportunities are aligned with ongoing operational and safety requirements.

• Ensure all plans align to wider Places for London strategy. Can we say Asset Management Directorate?

• Places for London Finance: Around business plans, investments, transactions and general budget planning.

• External stakeholders from GLA, Mayors Office, Local Authorities, national government, local communities, retail groups, property and finance and consultants as well as community groups to developing relationships, securing political approval and joining up opportunities in TfL and LU.

Skills, Knowledge & Experience

Skills

• Demonstrable property asset/portfolio management experience with a strong market profile, ideally gained within a leading property company, developer, advisory group or real estate fund. (Essential)
• Knowledge of the key commercial dynamics of the property industry, including trends and standards. (Essential)
• Entrepreneurial mindset with strong commercial acumen, vision and creativity enabling you to identify new opportunities and present innovative and robust financial business cases. (Essential)
• Experience of delivering strategies, revenue targets, budgets and projects. (Essential)
• Enterprise and commercial acumen: Ability to develop new ideas and put in place a tailored plan to see these ideas through to delivery. (Essential)
• Project management: Ability to manage a number of medium-sized and smaller commercial development projects from inception to implementation, ensuring that the desired outcomes are delivered. (Essential)
• Stakeholder engagement, networking skills and advocacy: Ability to act in a politically adept and commercially astute manner, to work effectively with internal and external stakeholders, to ensure buy-in and senior stakeholder acceptance, to resolve business conflicts as they occur and to persuasively influence complex and sensitive transactions. (Essential)
• Highly numerical and detail conscious, able to evaluate the financial value of new opportunities and present robust and convincing financial business cases. (Essential)

Knowledge

• A Level education or equivalent. (Essential)
• MRICS (Member of the Royal Institution of Chartered Surveyors) (Desirable)
• Knowledge of the key commercial dynamics of the high street or commercial retail sector preferred. (Essential)
• Degree level qualification preferably in a business related discipline, ideally supplemented by a business management qualification(s) or equivalent relevant business experience. (Essential)
• RICS (Member or accreditation with Royal Institution of Chartered Surveyors). (Essential)

Experience

• Previous experience gained within either a client-side role and/or a consultancy role.
• 5 years minimum experience preferred of retail, property transactions, asset management, leasing or valuation, preferably in the Greater London market. (Essential)
• Experience of overcoming constraints and organisational complexity in order to deliver results. (Essential)
• Experience of driving excellence and performance improvement in a challenging, multi-disciplinary environment. (Essential)
• Experience in project and programme delivery, including risk management and continuous focus on business direction. (Essential)
• Experience of building rapport, networking and influencing across a range of stakeholders as well as experience of reporting, presenting information and gaining formal approvals at senior management level. (Essential)

Equality, diversity and inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

• Please apply using your CV and a two-page covering letter, PDF format preferred and do not include any photographs or images. Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter.

The closing date for applications is08/05/25 @ 23:59

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel