Asset Manager, [Retail & Commercial]

RecruitFirst Pte. Ltd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading company in asset management is seeking an experienced Asset Manager to enhance property values and drive financial growth. The role involves full P&L responsibility, tenant management, and strategic planning to ensure optimal asset positioning and compliance with regulations. Ideal candidates will possess strong financial acumen and experience in effective tenant relations, aiming to improve overall customer satisfaction and retention.

Qualifications

• Experience in managing property portfolios and asset performance required.
• Strong analytical skills and financial reports management necessary.
• Ability to liaise effectively with tenants and regulatory bodies.

Responsibilities

• Formulate strategies for enhancing asset position and NPI growth.
• Lead initiatives to improve asset value and ROI.
• Manage budgets and financial forecasts for properties.

Skills

Asset Management

Strategic Planning

Financial Acumen

Tenant Relations

Compliance Awareness

Education

Degree in Real Estate, Business, Finance, or related field

Job description

• Formulate and implement asset strategies to enhance property positioning and drive NPI and NPI margin growth.

• Lead Asset Enhancement Initiatives (AEIs) to uplift asset value and improve return on investment.

• Prepare and manage annual asset plans, including budgets, forecasts, and business strategies.

• Full Profit & Loss (P&L) responsibility for assigned properties.

• Improve revenue management and identify opportunities to grow ancillary income.

• Control and optimize operating and capital expenditure while maintaining service standards aligned with long-term asset positioning.

• Oversee all asset-related matters, including lease negotiations and renewals, credit control, and compliance with head lease terms.

• Monitor and manage property tax matters and engage with consultants where required.

• Ensure effective tenant mix and leasing strategies that align with asset goals.

• Liaise with government authorities (e.g., JTC, URA) on regulatory requirements including Anchor Tenant compliance, Change of Use applications, and Land Betterment Charges.

• Ensure compliance with relevant statutory and planning regulations.

• Maintain strong relationships with key tenants, addressing concerns and partnering on mutually beneficial solutions.

• Proactively manage tenant experience to support retention and satisfaction.

• Review and enhance existing policies, systems, and workflows for greater efficiency and effectiveness.

• Contribute to cross-functional initiatives and special projects within the Asset Management team.

• Prepare proposals, management papers, and regular performance reports for internal and external stakeholders.

• Provide insights and updates to senior management on asset performance and strategic initiatives.