PROPERTY ASSET MANAGER

Secondments; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading company in property management seeks a Portfolio Manager in Johannesburg to oversee profitability and performance of its property portfolio. The role entails financial analysis, stakeholder management, and strategic planning to ensure sustainable income growth. Applicants must possess a degree and over 10 years of relevant experience in property and financial management.

Qualifications

• More than 10 years experience in property management.
• Experience in financial modelling and property evaluations.
• Degree in relevant field.

Responsibilities

• Manage profitability of the property portfolio.
• Analyse trading and financial performance.
• Drive return on investment through effective asset management.

Skills

Financial modelling

Property evaluations

Property development

Principles of property law

Commercial litigation

Knowledge of the construction environment

Business Acumen

Education

Degree

Job description

Job Purpose:

To manage the profitability of the property portfolio.

KPA / Main Outputs and Responsibilities for this Position

Maximise net income and capital growth of assets

• Analyse trading and financial performance and set strategies for sustainable income growth and value creation.
• Drive return on investment through effective property and asset management.
• Facilitate the process of deal structuring and financial modelling.
• Implement strategic plans for the asset as directed.
• Monitor and improve tenant mix and right sizing strategies including introduction of strategic tenants to the portfolio.
• Review key contracts and leases to identify risks and opportunities.
• Analyse of property market to stay abreast of industry trends and identify improvement initiatives to align with industry best practices.
• Benchmark portfolio performance.
• Administer rental renewal negotiations and historic rental recoveries within the portfolio.
• Sourcing and introduction of new/potential collaborations.

Cost management

• Monitor operating costs and capex to prevent non-essential and wasteful expenditure.
• Oversee the maintenance of properties in line with predetermined budgets and capital life cycle plans.
• Formulate strategies for efficiencies and improved operational initiatives.
• Identify and manage sustainability and value enhancing projects.

Property developments

• Identify improvement initiatives to align with industry best practices.
• Provide input into development concepts for retail, residential and commercial properties.
• Identify bulk optimisation opportunities.
• Package and oversee Capex projects.

Property Valuations

• Provide input and scrutinise the portfolio's valuations.
• Monitor municipal valuations to ensure that assessment rates are paid on fair valuations and correct categorization.
• Lodging objections with the municipality when required.

Stakeholder management

• Report on asset to governance bodies and co-owners.
• Manage interactions with leasing, marketing and property managing agents.
• Represent shareholders' interests.

Desired Skills:

• Financial modelling/ property evaluations/property development
• Principles of property law and commercial litigation
• Knowledge of the construction environment
• Business Acumen

Desired Work Experience:

• More than 10 years

Desired Qualification Level:

• Degree