Vice President - Asset Management

Overview

Vice President - Asset Management role at ALDAR.

Responsibilities

• Manage the implementation of the Retail Management Strategy across assigned retail assets
• Prepare detailed P&L statements for each assigned asset and consolidate financials for combined assets for the review of asset manager
• Project manage the delivery of development pipeline or transformation assets as required/assigned
• Perform in-depth financial analysis (IRR, ROI, ROE) on assets for asset acquisition, disposal or transformation; analyze market trends to identify opportunities for maximizing profits and asset investment
• Assist in supporting the company's growth initiatives by actively searching for investment and development opportunities
• Review asset operations regularly, recommend adjustments when necessary, and ensure alignment with performance targets
• Coordinate with PM Head to identify synergies and recommend strategies across various assets
• Recommend asset-specific tactics and initiatives to optimize performance
• Monitor and track monthly operational and financial targets in coordination with Retail GMs for assigned assets, identifying areas needing attention and recommending corrective actions
• Provide inputs to SVP - AM to develop cross-retail strategies, determine rent pricing, establish leasing/tenant mix, and set KPIs for asset performance and customer satisfaction
• Development Mgmt (D'Hold Input/Advisory): Build the pipeline of retail assets based on the business plan. Coordinate with AI-DM for the timely delivery
• Acquisition & Integration: Conduct market study for potential acquisitions and coordinate with investment management team for process completion; manage post-acquisition integration activities
• Strategic Disposal (Advisory): Perform in-depth financial analysis (IRR, ROI, ROE) on assigned underperforming assets and recommend for asset disposals
• Transformation: Build the business case for the transformation of existing assets and oversee the design & delivery of the projects on time within the budget

Qualifications and Experience

Related Years Of Experience
Min of 10+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

YOE IN MANAGERIAL POSITION
Min of 2+ years of experience in a similar managerial position

Field Of Experience

• Experience in retail management i.e., malls and community retail
• Strong exposure to GCC real estate market
• Experience in Property Management and respective remedial auctions

Technical And Interpersonal Skills

• Good analytical skills
• Good conflict resolution / management skills
• Good communication, planning and organizing skills
• Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders
• Excellent negotiation and persuasion skills
• Interpersonal skills
• Excellent relationship with major Middle East regional retailers

Qualification
Bachelor's degree in engineering, business or economics, MBA

Senior level and Employment Details

• Seniority level: Executive
• Employment type: Full-time
• Job function: Finance and Sales