To develop a strategy to optimise the return for a portfolio of Commercial Assets, and to implement the strategy using a number of interventions including acquiring, developing or redeveloping and disposing of the assets.
REQUIREMENTS:
- Minimum 10 years with Office Property experience (at Asset management level), with a minimum of 5 years at senior/executive management level.
- Relevant tertiary qualification (e.g. Finance or Quantity Surveyor).
- EAAB Compliance
DUTIES:
Perform Asset Management Function
- Participate as member of SA Exco
- Member of following committees:
- Deal Forum
- Property Committee
- Compile reports, analysis and specific tasks as may be required by the Board, Property Committee, any Board Sub-Committee, Exco Committee or as directed by the Head of Asset Management: SA
- Adhere to and ensure that direct reports adhere to relevant levels of authority.
- Perform corporate management functions in accordance with policies, procedures and legal requirements.
- Perform corporate management functions within the allocated time frame.
Manage Co-owned Properties
- Responsible for asset management function of co-owned properties:
- Provide guidance to Portfolio Managers
- Participate in Co-Owner meetings and attend ad hoc and development meetings.
- Provide strategic direction.
- Ensure accurate accounting for pro-rata profit share calculations and distributions.
- Manage co-owned properties in accordance with policies, procedures, and legal requirements.
Manage budget
- Keep abreast of economy and market in order to identify key threats and opportunities.
- Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector.
- Determine mandate for Asset Managers to achieve growth expectations for the Sector.
- Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the Board-approved budget guidelines.
- Submit the budget for approval to the Executive Directors and the Property Committee in accordance with policies and procedures.
- Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions.
- Ensure that spending is approved in accordance with procedures.
- Compile the monthly asset management and financial report.
- Monitor portfolio performance against budget monthly and take necessary remedial measures, if required
Leading and Managing
- Analyse the business plan to determine the people requirements, in accordance with the expected deliverables and oversee (where necessary, participate in) the implementation of recruitment and/or rationalisation programmes.
- Implement approved transformation plan.
- Conduct the Performance Planning and Performance Management for direct reportees.
- Provide mentoring to senior staff members.
- Create and implement a succession plan for your team
Investment Research & Strategy
- Collaborate with the Head of Asset Management: SA to formulate an investment strategy for across sectors and geographic location.
- Conduct in-depth research, in consultation with the Head of Asset Managements and the Research Department, in respect of
- Investment trends
- The Sector’s performance, measured against identified peers, MSCI and other benchmarks
- Threats and opportunities
- Conduct SWOT analysis at building/shopping centre level in order to draft specific asset management strategy for each asset.
- Evaluate performance of each investment and make recommendations in respect of non-performing assets.
- Manage the implementation of the asset management in accordance with policies and in terms of Delegations of Authority.
Maximize return on investment
- Manage assets:
- Ensure that the Office Sector performs in line or better than MSCI benchmarks.
- Dedicated focus on maximising return on investment and capex
- Assisting in the drafting and implementation of policies and procedures applicable to the sector and the business as a whole
- Manage acquisitions:
- Identify investment opportunities meeting the Company's and the Sector’s investment criteria.
- Conduct comprehensive feasibility studies and due diligence processes.
- Manage disposals:
- Implement the Investment strategy as devised in terms of disposals together with the Manager of Optimisation and Realisation
- Develop disposal strategy including compilation of sales budgets and price determination.
- Identify and manage development and redevelopment opportunities in collaboration with the Development division:
- Manage extensions and redevelopments of existing properties i.e. timing, feasibility, tenant liaison and financial control;
- Analyse Greenfield developments to assess suitability in terms of location, viability, risk, etc.;
- Analyse Brownfield developments to enhance properties through redevelopment, improving tenant mix and addressing tenant needs.
- Manage insurance cover for the sector.
- Ensure that valuations for the sectors are performed timeously and provide input to the Valuations Department and external valuers.
- Manage assets in line with policies, procedures, and legal requirements.
Sustainability
- Keep abreast of sustainability trends, technology and benefits.
- Draft sustainability strategy including short-, medium- and long-term objectives.
- Once the strategy has been approved, communicate, and implement the strategy.
Trading & Development
- Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities.
- Actively introduce Trading and Development opportunities from both the Sector and the market.
- Ensure that the asset management function is fulfilled in respect of Office properties in the Trading and Development Division in so far as same is required.
Stakeholder Management
- Development, promote and maintain client relationships
- Identify relevant role players in accordance with business requirements
- Compile a profile of major clients
- Ensure that the client experiences are tracked through an efficient client satisfaction survey.
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