Assistant Vice President - Asset Management

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This role is for UAE Nationals Only.

Job Purpose: Support the execution of retail management strategy by analyzing financials, managing P&Ls, and supporting asset acquisitions, disposals, and transformations. Collaborate with teams to optimize asset performance, track financial targets, and identify investment opportunities for growth.

• 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.

• Min of 8+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn.
• 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.
• Good analytical, planning, organizing, and interpersonal skills; ability to build and maintain strong relationships with internal and external stakeholders.
• Excellent negotiation and persuasion skills; strong communication and conflict resolution abilities.
• Excellent relationship with major Middle East regional retailers.

• Bachelor's degree in engineering, business or economics; MBA preferred.

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

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