Job Description

GENERAL PURPOSE At the heart of the Portfolio Optimisation and Operational Efficiency function, and empowered to deliver on the companyxe2x80x99s mission to provide a leading student product and experience. In respect of Asset Management, the incumbent is responsible for the strategic and operational optimisation of the property portfolio. The incumbent is expected to make recommendations for improving performance, be it by identifying cost saving opportunities, maximising revenue, and driving implementation thereof, or by identifying underperforming assets that need to cycle out and be replaced by performing assets and driving implementation of replacing such assets. In respect of Property Acquisitions, the incumbent is responsible for the identification, vetting and acquisition of properties that meet the target location, scale, configuration and investment return parameters. The incumbent is expected to manage and guide opportunities through a pipeline funnel from identification through to recommendation to the Investment Committee and eventually through to acquisition and development. RESPONSIBILITIES 1. Departmental Management a. Establish and manage departmental infrastructure i. Maintain departmentxe2x80x99s relevance to strategic mandated of the business; ii. Departmental budget preparation and management; iii. Recruitment and retention of staff in accordance with departmental organogram iv. Identify and execute on training and development opportunities for departmental team members; v. Manage performance outcomes through KPA & KPI performance tools 2. Asset Management a. Optimise existing portfolio performance i. Develop Asset Management policies and procedures and implement best practices; ii. Ensure the timely preparation, and facilitation of approval of OpEx and CapEx budgets annually; iii. Guide the analysis of the Cost to Income and EBITDA ratios of all properties in order to draw relevant insights and inform decision making; iv. Identify trends in cost of various properties v. Improve EBITDA ratios of properties through deliberate intervention via an Operational Capital expenditure programme and other Operational enhancements; vi. Identify properties which are underperforming, with no further EBITDA improvement opportunities, to be consider for disposal 3. Property Acquisitions & Disposal a. Origination & Sourcing i. Pipeline development through property broker network and establishing relationships with key stakeholders (Developers, Universities, Municipalities etc.) ii. Mapping of ownership profile of key areas/ markets iii. Research property prices and relevant property data gathering b. Performing appraisals and feasibility studies i. Facilitate design of architectural floor plans ii. Procure cost estimate from Quantity Surveyors iii. Conduct Market Research on student and retail rentals iv. Audit of zoning and rights v. Investigate and confirm availability of bulk services vi. Determine maximum acquisition price vii. Model property investment returns viii. Present comprehensive Investment Case to Directors and Investment Committee ix. Perform post investment reviews c. Negotiating and Managing Acquisitions & Disposals i. Interact with brokers and negotiate commission ii. Direct negotiations with owners of land/ property iii. Manage drafting and conclusion of Sale and Purchase Agreements with Attorneyxe2x80x99s & Sellers iv. Lead the Due Diligence process for acquisition of properties v. Manage the conveyancing process with attorneys and sellers and bankers 4. Institutional Tenders a. Ongoing monitoring of institutional and other websites to identify opportunities to develop and/or manage accommodation for Universities; b. Submission and management of tender process when applicable EDUCATION

• 3/4 year qualification in Built Environment/ Property Studies, Finance or Economics
• CFA or MBA will be an advantage;

EXPERIENCE At least 10 yearsxe2x80x99 experience as a Real Estate environment; Property Development Management experience of 3 years or more will be an advantage; Strong Verbal and Written Communication Skills Computer Literacy

• Intermediate to advanced Microsoft Excel Knowledge & Skills
• Intermediate to Advanced Microsoft Word Knowledge & Skills
• Intermediate to Advanced Microsoft PowerPoint Knowledge & Skills

Closing Date : 04 January 2022 Important: Correspondence will only be entered into with short listed applicants. Should you not hear from us within four weeks, please consider your application unsuccessful Job Type: Full-time Ability to commute/relocate:

• Johannesburg, Gauteng: Reliably commute or planning to relocate before starting work (Required)

Application Deadline: 2023/11/09
Expected Start Date: 2023/12/01