Asset Manager

GBC Development; Muscat; On-site; OMR 30,000 - 40,000; Full time

Job summary

GBC Development is seeking an experienced Asset Manager to oversee the financial performance and long-term sustainability of its portfolio in Muscat. The ideal candidate will manage diverse asset classes, including residential and commercial properties, while ensuring operational efficiency and maximizing revenue.

Key responsibilities include portfolio management, financial forecasting, and stakeholder engagement, with a minimum of 10 years of experience in asset management. Competitive salary and benefits are offered.

Qualifications

• Minimum 10 years of experience in asset management or related sectors.
• Experience with large-scale mixed-use developments highly desirable.
• Proven track record of delivering strong financial and operational performance.

Responsibilities

• Monitor and improve financial performance of assets.
• Develop and manage annual business plans and forecasts.
• Lead initiatives to enhance revenue generation.
• Collaborate with property management and other teams to ensure operational excellence.

Skills

Real estate management

Financial analysis

Stakeholder management

Portfolio optimization

Operational efficiency

Capital planning

Education

Bachelor’s degree in real estate, Finance, or related discipline

Master’s degree (MBA or similar)

Job description

JOB PURPOSE

The Asset Manager is responsible for maximizing the value, financial performance, and long-term sustainability of Grand Blue City’s portfolio of assets across multiple asset classes, including residential, commercial, hospitality, retail, entertainment, industrial, infrastructure, and mixed‑use developments.

The role acts as the owner’s representative throughout the asset lifecycle, overseeing business performance, revenue optimization, operational efficiency, capital planning, leasing strategies, investment returns, and stakeholder management. The Asset Manager is accountable for asset‑level and portfolio‑level P&L performance, ensuring assets achieve their strategic, financial, and operational objective.

KEY ACCOUNTABILITIES AND RESPONSIBILITIES

Asset Performance & P&L Management

• Assume full responsibility for asset‑level financial performance and profitability.
• Develop and manage annual business plans, operating budgets, and financial forecasts.
• Monitor revenue, operating expenses, EBITDA, NOI, cash flow, and asset valuation metrics.
• Identify and implement initiatives to improve asset profitability and value creation.
• Conduct regular financial and operational performance reviews and recommend corrective actions where necessary.
• Establish performance targets and KPIs for individual assets and portfolio segments.

Portfolio Management

• Manage a diverse portfolio of real‑estate and infrastructure assets across various asset classes.
• Develop portfolio optimization strategies to maximize risk‑adjusted returns.
• Evaluate asset hold, repositioning, redevelopment, refinancing, acquisition, and disposal opportunities.
• Monitor market trends, competitive positioning, and emerging opportunities affecting portfolio performance.
• Support strategic portfolio planning and capital allocation decisions.

Commercial & Revenue Optimization

• Lead initiatives to enhance revenue generation and asset utilization.
• Oversee leasing performance, tenant mix strategies, occupancy optimization, and rental growth initiatives.
• Assess commercial opportunities including new revenue streams, partnerships, sponsorships, and ancillary income.
• Work closely with leasing, sales, hospitality, and operations teams to maximize asset performance.

Business Planning & Investment Analysis

• Prepare detailed financial models and investment analyses.
• Conduct feasibility assessments for capital improvements, redevelopment projects, and strategic initiatives.
• Evaluate investment returns using NPV, IRR, ROI, payback, and other financial metrics.
• Support acquisition, divestment, and restructuring decisions through comprehensive financial and commercial assessments.

Capital Projects & Asset Enhancement

• Identify asset enhancement opportunities to improve value, customer experience, and operational performance.
• Oversee capital expenditure planning and prioritization.
• Monitor implementation of approved enhancement projects and track return on investment.
• Coordinate with development and project management teams to ensure alignment with asset strategies.

Operations Oversight

• Collaborate with property management, facilities management, hospitality operators, and service providers.
• Monitor service standards, operational efficiency, customer satisfaction, and asset condition.
• Ensure assets are maintained to required quality, safety, and regulatory standards.
• Review operating contracts and service agreements to ensure value for money.

Stakeholder Management

• Serve as the primary owner representative for assigned assets.
• Manage relationships with operators, tenants, investors, consultants, government entities, and strategic partners.
• Present asset performance reports and recommendations to executive management and boards.
• Facilitate alignment between asset strategy, operations, finance, and development teams.

Governance, Risk & Compliance

• Ensure compliance with applicable regulations, contractual obligations, and corporate governance requirements.
• Identify and mitigate operational, financial, and market risks.
• Maintain robust reporting, controls, and performance monitoring frameworks.
• Support internal and external audit requirements.

MINIMUM QUALIFICATIONS & EXPERIENCE

• Bachelor’s degree in real estate, Finance, Investment, Economics, Business Administration, Engineering, or related discipline.
• Master’s degree (MBA, Real Estate, Finance, or Investment Management) preferred.
• Minimum 10 years of experience in asset management, real estate investment, portfolio management, hospitality, infrastructure, or related sectors.
• Demonstrated experience managing diverse asset classes and complex stakeholder environments.
• Proven track record of delivering strong financial and operational performance.
• Experience with large‑scale mixed‑use developments and destination assets is highly desirable.