Senior Officer - Asset Management

Job Purpose A detail-oriented and driven Senior Officer for the Asset Management Office, supporting the management of the Asset Management (AM) function to deliver a growing recurring income base for the company across five key asset classes: Retail, Residential, Office, Leisure & Entertainment, and F&B.Roles, Responsibilities, DutiesSupport the business head in developing a detailed 5-year business plan in line with the 5-year corporate business plan.Monitor and achieve the Asset Management strategic scorecard KPIs and targets for the assigned portfolio of projects.Take full P&L accountability to maximise the performance of the assigned portfolio of real estate assets:Lead the development of asset strategies and action plans to enhance asset value and NOI on existing investment properties, including market analysis, project positioning, benchmarking, review and challenge of financial and operational targets, and management of routine operations conducted by affiliated or third-party property managers.Lead negotiations with external parties and service providers, and ensure compliance with asset operational standards and all relevant regulations.Conduct monthly business review meetings with asset operators.Design and implement cross-segment initiatives and destination management strategies to improve asset performance, and monitor the performance of these initiatives periodically.Continuously monitor asset quality and standards in line with the overall AM strategy, and develop action plans to align or enhance the assets as needed.Provide inputs to the Development team on new assets and masterplans:Review project briefs and business plans.Pressure-test key assumptions and recommend potential adjustments.Perform asset and masterplan feasibilities.Recommend portfolio strategy in partnership with Development Management.Coordinate with the Design & Delivery team and other key stakeholders for asset openings.Liaise with internal stakeholders, including Development, Marketing, Facility Management, Finance, Legal and Procurement, and external stakeholders, including operators and property managers.Conduct detailed annual asset valuations of the assigned portfolio.QualificationBachelor’s degree in Finance, Accounting, Business Administration, MBA or a related field.CFA, CPA or CA certification.Experience and CompetenciesExperienceExperience in asset management, portfolio management, consulting, finance or a similar role, with a focus on strategic initiatives or process improvements.Previous experience with feasibilities is preferable.CompetencyDemonstrated ability in developing and implementing winning asset strategies (including tactics to enhance asset values) and delivering high investment returns in a cyclical industry.In-depth knowledge of local GCC real estate market dynamics, including a deep understanding of the local real estate regulatory environment.Excellent financial and operational capabilities, with strong Excel skills in developing P&L and balance sheet models.Strong interpersonal skills and the ability to work in a team.Ability to liaise, influence, challenge and interact effectively with senior executives.Demonstrated negotiation skills with a variety of stakeholders, including individual and corporate/institutional investors and funds, consumer financiers, and third-party vendors such as facilities and property managers.Ability to coach and develop people.