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Senior Vice President – Asset Management (Retail)

Aldar · enterprise

A leading real estate developer in Abu Dhabi operating a loyalty programme (Darna) across its ecosystem.

Aldar is the employer — EngRadar is a job radar, not a recruiter. We track this posting from their own careers page and send you straight there; we never handle applications or CVs.

Abu Dhabi Posted 11d ago real estateproperty development
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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

Posted by Aldar on their own careers page — you apply directly, no recruiter in between. View original / apply →

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