Summary
wasl Asset Management Group is seeking an Assistant Manager – Investments in Dubai to support the assessment and monitoring of real estate investment and development opportunities. The role prepares financial models, feasibility assessments, market analysis, due diligence materials, and investment performance reports, while tracking projects against approved budgets and business cases. Candidates should have a bachelor’s degree in a relevant discipline and 3–5 years of relevant experience, including financial modeling and real estate project analysis. Advanced Microsoft Excel proficiency and working knowledge of PowerPoint, Power BI, or ERP systems are required.
The posting
As published on wasl.ae. Pulled from the employer's site and shown as they wrote it.
JOB DETAILS
Position Title: Assistant Manager
Reports to: Director of Real Estate
Department: Real Estate Development
POSITION SUMMARY
The Assistant Manager – Investments supports the evaluation and monitoring of real estate investment and development opportunities by preparing financial models, feasibility assessments, market analysis, due diligence information, and project performance reports.
The role provides accurate financial and commercial analysis to support investment decisions and monitors approved projects against their financial assumptions, budgets, and performance targets.
JOB DIMENSIONS
Number of Staff Supervised
Direct Reports: 0
Total Reports: 0
KEY RESPONSIBILITIES AND PERFORMANCE STANDARDS
Key Accountabilities
- Prepare financial models and feasibility assessments for proposed real estate investments and development projects, including cash flows, project returns, sensitivities, and key financial assumptions.
- Analyse relevant market information, including pricing, rental rates, supply, demand, absorption, occupancy, and comparable developments, to support project feasibility assumptions.
- Support financial and commercial due diligence by compiling required information, coordinating inputs from relevant functions and advisors, and tracking outstanding due diligence matters.
- Review financial and project information for completeness and consistency and highlight material gaps, assumptions, sensitivities, or risks for management review.
- Prepare investment analysis, presentations, and supporting papers for management and internal approval processes.
- Maintain project budgets and financial information within the applicable ERP and reporting systems and monitor actual and forecast performance against approved budgets.
- Track approved investments and development projects against the approved business case, including key financial metrics, project assumptions, and identified performance variances.
- Prepare periodic project and investment performance reports and escalate significant financial or commercial variances to the Director of Real Estate.
- Maintain accurate and current financial models, feasibility studies, due diligence records, market information, and supporting investment documentation.
- Coordinate with Finance, Development, Asset Management, Commercial, Land, Design, Project Management, Legal, Hospitality, and other functions to obtain and validate information required for investment analysis.
- Support information requests and analysis relating to external developers, investment partners, consultants, operators, government entities, and other relevant counterparties.
- Maintain current knowledge of UAE real estate market trends and other market factors relevant to the financial assessment of development and investment opportunities.
KEY TECHNICAL SKILLS AND KNOWLEDGE
Skill
Description
Proficiency Level
Property Acquisition & Disposition
Prepare due diligence information and supporting analysis for real estate acquisitions, disposals, and development opportunities.
Advanced
Budgeting & Forecasting
Build and maintain project forecasts and support monitoring of budgets, cash flows, and financial assumptions.
Advanced
Financial Reporting & Analysis
Analyse project financial information, trends, and variances and prepare accurate management reports.
Intermediate
Business Insight Generation
Interpret financial, project, and market information to identify relevant trends, risks, and observations for management review.
Intermediate
Property Systems & Tools Proficiency
Maintain accurate project and investment information and produce reports using ERP, real estate systems, Excel, and related analytical tools.
Intermediate
COMMUNICATIONS & WORKING RELATIONSHIPS
Internal: Director of Real Estate, Real Estate Development, Finance, Asset Management, Commercial, Land, Design, Project Management, Legal, Hospitality, and other relevant business functions.
External: Developers, potential investment and development partners, consultants, hotel operators, government and regulatory entities, market research providers, and professional advisors as required.
WORK SETTING & DECISION AUTHORITY
- Operates within a multidisciplinary real estate environment and supports the financial and commercial assessment of investment opportunities and projects.
- Performs analysis within approved methodologies, assumptions, templates, policies, and delegated authority parameters.
- Exercises professional judgment in validating data, preparing financial analysis, and identifying material variances, inconsistencies, and risks.
- May propose adjustments to assumptions or further analysis based on identified issues, subject to management review.
- Does not independently approve investments, acquisitions, disposals, project budgets, commercial terms, or material changes to an approved business case.
- Escalates material financial, commercial, or project issues to the Director of Real Estate.
FINANCIAL RESPONSIBILITIES
- No direct departmental budget ownership.
- Supports the preparation and monitoring of financial models, project budgets, forecasts, and investment performance information.
- Ensures assigned financial analysis and project budget information is accurately maintained and material variances are identified and reported.
SELECTION CRITERIA
Essential
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Real Estate, or a related discipline.
- 3–5 years of relevant experience in real estate investment, real estate development, investment analysis, transaction advisory, corporate finance, or a related field.
- Experience preparing financial models, feasibility assessments, forecasts, and sensitivity analysis.
- Experience analysing real estate development projects or investment opportunities.
- Working knowledge of real estate investment evaluation, project cash flows, returns analysis, budgeting, and financial performance monitoring.
- Exposure to financial and commercial due diligence processes.
- Advanced proficiency in Microsoft Excel and good working knowledge of PowerPoint.
- Working knowledge of Power BI, ERP, or comparable financial reporting and analytical systems.
- Strong numerical and analytical capability with attention to accuracy and detail.
- Ability to prepare clear financial analysis, reports, and presentations for management review.
- Effective communication, coordination, and time-management skills.
Desirable
- Experience within a UAE-based real estate developer, real estate investment company, asset manager, or real estate advisory organization.
- Knowledge of the UAE real estate development and investment market.
- Exposure to acquisitions, disposals, joint ventures, development partnerships, or hospitality-related real estate projects.
- Progress toward a relevant professional qualification such as CFA, CA, ACCA, CPA, or an equivalent investment or finance qualification.