Summary
Aldar Properties is seeking a Senior Vice President to oversee retail asset management across owned and third-party assets in Abu Dhabi. The role covers asset strategy, P&L and performance targets, financial analysis, acquisitions and disposals, development pipeline delivery, and asset transformation. Candidates should have at least 12 years of relevant retail property management experience, including four years in a similar managerial position, and a bachelor’s degree in engineering, business, or economics.
The posting
As published on aldar.com. Pulled from the employer's site and shown as they wrote it.
JOB PURPOSE
Oversee the implementation of the retail strategy for Own Assets and 3rd Party assets
Own P&L for assigned assets, ensuring financial targets are met through effective strategies (rent pricing, tenant mix, etc.).
ROLES AND RESPONSIBILITIES
Oversee the implementation of the Retail Management Strategy across assigned retail assets
Own detailed P&L statements for each assigned asset, consolidating the financials for the combined assets, and submitting to the Head of Asset Management and Operations for review.
Conduct in-depth financial analysis (IRR, ROI, ROE) on underperforming assets or potential acquisition opportunities, supporting go/no-go decisions on asset disposals based on feasibility studies.
Manage the delivery of Assets in growth pipeline including new development and transformation
Analyze market trends to maximize profits, identify emerging asset investment opportunities, and drive the company’s growth initiatives through proactive investment and development opportunities.
Work closely with Property Management Head to recommend, track, and monitor monthly operational and financial targets for each asset, identifying opportunities for improvement and recommending mitigation actions when needed.
Provide inputs to the ED of Asset Management in developing cross-retail asset strategies, determining rent pricing, and setting leasing/tenant mix.
Co-define and monitor asset performance and customer satisfaction KPIs, collaborating with teams such as Retail Leasing to meet the targets
Based on the specific assets under management, the Asset Manager will dedicate more or less time to:
- 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 processcompletion; manage the 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
RELATED YEARS OF EXPERIENCE
Min of 12+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million
YOE IN MANAGERIAL POSITION
Min of 4+ 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
Excellent analytical skills
Planning and organizing skills
Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders
Excellent negotiation and persuasion skills
Excellent conflict resolution/management skills
Excellent communication and interpersonal skills
Excellent relationships with major Middle East regional retailers
QUALIFICATION
Bachelor’s degree in engineering, business or economics