Asset Manager - Retail Portfolio

People Dimension; Pretoria; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading property management firm is seeking an experienced Asset Manager to oversee and enhance the performance of its retail portfolio. The role requires strong skills in asset management, financial reporting, and tenant relations. Candidates should have a Bachelor's degree in a related field and a minimum of 5 to 7 years of experience in asset management within the retail sector. This position will involve collaborating with senior leadership and implementing strategies to improve asset performance.

Qualifications

• 5-7 years of asset management experience, particularly in the retail sector.
• Strong financial reporting and analysis skills.
• Experience in tenant relations and lease management.

Responsibilities

• Oversee asset management activities for the retail properties.
• Analyze budgets and monitor the financial performance of retail properties.
• Conduct risk assessments and ensure compliance with regulations.
• Manage tenant relationships and oversee lease agreements.
• Supervise maintenance activities for the properties.
• Collaborate with senior leadership on asset management activities.
• Prepare reports on asset performance and market trends.

Skills

Asset management

Financial analysis

Risk management

Tenant relations

Education

Bachelor’s degree in Property Management

Master’s degree (preferred)

Job description

Job Description/Duties

• 1. Retail Portfolio Management
  • Oversee all asset management activities for the retail properties, with the objective of maximizing value, improving tenant satisfaction, and increasing portfolio performance.
  • Develop asset management strategies to optimize returns, enhance property values, and manage tenant relationships.
  • Conduct regular market analysis to keep the retail portfolio competitive and identify potential acquisition or divestiture opportunities.
• 2. Financial Performance and Reporting
  • Analyze budgets, optimize revenue streams, and monitor the financial performance of retail properties, ensuring alignment with portfolio objectives.
  • Collaborate with the finance team to prepare financial reports, budgets, and forecasts for the retail portfolio.
  • Review and analyze building operation expenses, rental revenue, and monthly budget-to-actual reports.
  • Review and ensure compliance with insurance policy requirements for managed properties.
• 3. Risk Management and Compliance
  • Conduct risk assessments for the retail portfolio, identifying and mitigating risks associated with property ownership and management.
  • Oversee and implement internal policies to maintain compliance and mitigate operational and financial risks.
  • Ensure properties comply with industry standards, safety regulations, and tenant obligations.
• 4. Tenant Relations and Lease Management
  • Manage tenant relationships, oversee lease compliance, address tenant concerns, and coordinate with legal and leasing teams.
  • Review and approve lease agreements for retail tenants, ensuring they align with the company’s long-term goals.
  • Develop leasing strategies and lead marketing initiatives to attract and retain high-quality tenants.
• 5. Maintenance and Operations Supervision
  • Supervise maintenance activities, ensuring properties are well-maintained, safe, and meet industry standards.
  • Ensure effective vendor management and that outsourced maintenance services align with their operational standards.
• 6. Strategic Leadership in Property Management
  • Collaborate with the CEO and senior leadership to align asset management activities with the growth strategy.
  • Develop and implement long-term strategies that enhance the value and profitability of the retail portfolio.
  • Mentor and provide guidance to junior property management professionals, building capacity for potential team expansion and ensuring smooth operations.
  • Position the Asset Manager role as a future leader in the property management division, managing all asset classes within the portfolio.
• 7. Reporting and Documentation
  • Prepare and present regular reports on asset performance, including financial metrics, tenant satisfaction, and market trends.
  • Maintain up-to-date documentation on all property transactions, leases, and relevant compliance information.

Minimum Requirements

• Education: Bachelor’s degree in Property Management, Real Estate, Business, or a related field (Master’s preferred).
• Experience: Minimum of 5-7 years of asset management experience, particularly in the retail sector.

Please mail your CV to hr3 (at) peopledimension (dot) co (dot) za

Shortlisted applicants will be contacted within 2 weeks, if you do not hear from us by then your application for this position was unsuccessful, but you have been added to our database for future vacancies.