Job Description

Job Title and Job Grade

Asset Manager xe2x80x93Retail Sector
Job grade: D5

Job Purpose

Conducts strategic management of the property assets by maximizing capital value and net income for specific set of properties in a specific geographic node.

Role Location

Growthpoint Divisional Office in Claremont, Cape Town. The portfolio of properties is in Kwa Zulu Natal, Western and Eastern Cape.

Working Conditions

• Ability to work after hours and on weekends when required.
• Must be willing to a hands-on approach to inspect the properties, and to meet with tenants and colleges.

Reporting Manager

The Asset Manager reports to the Head of Asset Management, for the Retail Sector.

Direct Subordinates

No direct subordinates.

Budget Responsibility

Fully responsible for compiling the consolidated budget for the portfolio of Retail properties and manage / monitor the performance of budget throughout the year. Presentation of this budget to the Head of Asset Management.

Duties and responsibilities

• Strategic financial performance with emphasis on maximising the net income growth of the Retail portfolio and achieving budget. The goal is to achieve above market returns for the portfolio.
• Fully responsible for aligning operational performance and excellence of Office sector in conjunction with sector heads, property management in accordance with the organisational objectives.
• Authorisation of appropriate Capex spend to enhance the portfolio.
• Facilitate the deal making process for the Retail portfolio by guiding property management accordingly.
• Negotiating, structuring and concluding strategic deals.
• Fully responsible for strategic management and growth of assets principally through identifying acquisition, development and disposal opportunities including conducting due diligence. Presentation of these initiatives to the Growthpoint Deal Forum.
• Promotion of sustainability and energy generation initiatives within the portfolio.
• Ensure that company goals and objectives are aligned with asset management business plan and property managementxe2x80x99s business plan.
• Maintain and grow tenant relations with tenants.
• New development and new business opportunity guidance.
• Facilitate business to business opportunities in the sector and Growthpoint as a whole.

Experience

Minimum 10 years within Property Management with a minimum of 7 yearsxe2x80x99 Retail sector experience.

Knowledge

• Knowledge of the full spectrum of property management i.e., financial, marketing, administrative and technical components of properties.
• Sound knowledge of the business environment, the relevant role players within the business and their key responsibilities and outcomes i.e., market indicators.
• Legislation: knowledge and compliance to Occupational Health and Safety regulations.
• Asset management and financial accounting principles.
• Knowledge of Retail leasing and lease agreements.
• Property and property contract related legislation.
• A good understanding of and experience in retail asset development, layout and design

Qualifications

Appropriate degree or similar qualification in Property Management and /or financial management.

Competencies

• Must be analytical.
• Must have the ability to negotiate with role players and arrive at a win-win situation in the best interest of the organization and the negotiating parties.
• Must have the ability to communicate effectively and efficiently at all levels in the company and to accurately give an account of information pertaining to the performance of outputs.
• Must have the ability to utilize the correct compute software and the relevant functionality applicable to the outcomes required.
• Must have the ability to manage conflict
• Must have experience in successfully managing and mentoring people.
• Must have the ability to plan, organize, lead and control in the work environment to achieve business objectives
• Must have good presentation skills
• Must have good interpersonal skills
• Must have the ability to manage time effectively
• Must have the ability to identify and manage risk

Media Links

https://growthpoint.co.za/

Growthpoint Properties