Senior Real Estate Asset Manager

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Salary with performance-based bonuses

Private medical aid

Retirement fund

Professional development opportunities

Hybrid work model

Job summary

Placements24 seeks a Senior Real Estate Asset Manager to oversee a substantial commercial portfolio in Nelspruit and Mpumalanga. You will develop asset-level business plans, direct property operations, leasing, and financial strategy to maximize value and profitability.

You’ll work with property managers, leasing teams, and finance to monitor performance, prepare reports, and guide senior management on investments. A strong SA real estate background and leadership are essential.

Qualifications

• Bachelor's degree required in Finance, Real Estate, Business Administration, or related field.
• Master's degree or relevant professional qualification preferred.
• Minimum 7 years of progressive experience in real estate asset management or related fields.
• Track record of managing commercial real estate portfolios and driving value creation.
• Strong understanding of real estate finance, valuation methodologies, and market dynamics.

Responsibilities

• Develop and implement strategic business plans for assets to maximize value and returns.
• Oversee property management and leasing activities for optimal performance.
• Monitor market conditions, competition, and tenant needs to identify opportunities and mitigate risks.
• Conduct inspections and performance reviews of properties.
• Manage budgets, financial forecasting, and cash flow analysis for assets.
• Approve capital expenditure projects and oversee execution.
• Prepare asset performance reports, financial statements, and investment recommendations for senior management.
• Lead negotiations for major leases and property sales/acquisitions when required.
• Ensure compliance with legal, regulatory, and lease obligations.

Skills

Financial modeling

Analytical thinking

Problem-solving

Negotiation

Leadership

Communication

Education

Bachelor's degree in Finance, Real Estate, Business Administration, or related field

Master's degree or relevant professional qualification preferred

Tools

Real estate management software

MS Office Suite

Job description

About the Role

Our client, a well-established real estate investment trust (REIT), is looking for a strategic and results-driven Senior Real Estate Asset Manager to oversee a significant portfolio of commercial properties in the Nelspruit area and wider Mpumalanga region. This senior role is responsible for maximizing the value and profitability of the assets under management through effective operational, leasing, and financial strategies. The Asset Manager will work closely with property managers, leasing agents, and finance teams to develop and execute asset-level business plans, monitor performance, and report on portfolio health. The ideal candidate will possess strong financial acumen, extensive knowledge of property operations, and proven experience in strategic asset management within the South African context. This is a key role contributing to the financial success of our client's extensive property holdings.

Key Responsibilities

• Develop and implement strategic business plans for each asset within the assigned portfolio to maximize value and returns.
• Oversee and direct property management and leasing activities to ensure optimal property performance.
• Monitor market conditions, competitor activities, and tenant requirements to identify opportunities and mitigate risks.
• Conduct regular property inspections and performance reviews.
• Manage property budgets, financial forecasting, and cash flow analysis.
• Approve capital expenditure projects and oversee their execution.
• Prepare detailed asset performance reports, financial statements, and investment recommendations for senior management.
• Lead negotiations for major leases and property sales/acquisitions as required.
• Ensure compliance with all legal, regulatory, and lease obligations.

Requirements

• A Bachelor's degree in Finance, Real Estate, Business Administration, or a related field.
• A Master's degree or relevant professional qualification is preferred.
• Minimum of 7 years of progressive experience in real estate asset management, property management, or investment analysis.
• Proven track record of successfully managing commercial real estate portfolios and driving value creation.
• Strong understanding of real estate finance, valuation methodologies, and market dynamics.
• Excellent financial modeling, analytical, and problem-solving skills.
• Proficiency in real estate management software and MS Office Suite.
• Strong negotiation, leadership, and communication abilities.
• Experience with the property market in Nelspruit and Mpumalanga is advantageous.

Benefits

• Our client provides a competitive salary, attractive performance-based bonuses, and a comprehensive benefits package including private medical aid, a retirement fund, and opportunities for continuous professional development.
• This role operates on a hybrid model, offering flexibility and a balance between office-based strategy sessions and remote work.