Summary
Aldar Properties is hiring an Assistant Vice President to support its retail asset management strategy in Abu Dhabi. The role covers P&L oversight, financial analysis, market studies, acquisitions and disposals, asset transformations, rent pricing, and tenant mix. Applicants need at least 8 years of relevant retail property management experience, strong GCC real estate exposure, and a bachelor’s degree in engineering, business, or economics. The role is exclusive to UAE Nationals.
The posting
As published on aldar.com. Pulled from the employer's site and shown as they wrote it.
JOB PURPOSE
Support the execution of retail management strategy by analyzing financials, managing P&Ls, and support asset acquisitions, disposals, and transformations. Collaborate with teams to optimize asset performance, track financial targets, and identify investment opportunities for growth.
This role is exclusive to UAE Nationals.
ROLES AND RESPONSIBILITIES
Support the execution of Retail Management Strategy, prepare detailed P&L statements, and consolidate financials for review by asset managers.
Support the development pipeline by collaborating with AI-DM for timely asset delivery.
Conduct market studies and coordinate acquisitions, managing the integration and handover of newly acquired assets.
Analyze underperforming assets (IRR, ROI, ROE) to recommend disposals or transformations.
Monitor the P&L for assigned retail assets, ensuring financial targets are met through strategies like rent pricing and tenant mix.
Assist in building business cases for asset transformations and manage P&L for community malls, advising on rent rolls, pricing, and asset operations.
Analyze market trends and perform financial analysis on potential acquisitions, disposals, or transformations to identify growth opportunities.
Contribute to the company’s growth by identifying investment opportunities. Coordinate with Retail GMs to identify synergies, optimize performance, and track monthly operational and financial targets.
Provide insights to SVP Asset Management on cross-retail strategies, rent pricing, leasing/tenant mix, and KPIs to enhance asset performance and customer satisfaction.
RELATED YEARS OF EXPERIENCE
Min of 8+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million
FIELD OF EXPERIENCE
Experience in retail management i.e., malls and community retail
Strong exposure to the GCC real estate market
Experience in Property Management and respective remedial auctions
TECHNICAL AND INTERPERSONAL SKILLS
Good analytical skills
Good conflict resolution/managements 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 relationships with major Middle East regional retailers
QUALIFICATION
Bachelor’s degree in engineering, business, or economics