Junior Residential Asset Manager

2 weeks ago

Johannesburg, Gauteng, South Africa Malander Placements Full time



PERMANENT

JHB000271

FINANCIAL SERVICES

Gauteng, JHB - Northern Suburbs**
Monthly Basic Salary (Market related)

Position:
Junior Residential Asset Manager

Permanent:
Onsite

Location:
Johannesburg CBD

Responsibilities:

1. Asset Portfolio Management

  • Compile 3year asset forecasts for each asset in portfolio by gathering data, compiling, conducting analysis, developing 3year forecast and submitting by deadline
  • Manage the asset risk by managing asset insurance cover, reviewing insurance, cover and benefits including terms and conditions, completing insurance provider competitor analysis and negotiating insurance cover annually
  • Manage sales and acquisitions of assets by compiling required sales or acquisition packs, drafting motivations, completing negotiations with buyer/sellers, and completing transactions in line with approved parameters as required
  • Manage lease compliance by reviewing relevant legislation, evaluating changes and impact on leases, consulting with legal advisors (if required), recommending amendments and implementing by deadline
  • Recommend lease amendments in line with operational requirements by identifying areas for improvement, consulting with legal advisors and operational stakeholders, recommending amendments and implementing by deadline
  • Report by collating required information, compiling report and submitting by deadline

2. Asset Financial Performance

  • Approve asset budgets by reviewing, evaluating proposed budget compared with previous asset budget, verifying costs of strategic initiatives and projects and approving by annual deadline
  • Manage budget variances by reviewing monthly, investigating deviations and variances, resolving issues, drafting reports with insights and recommendations and submitting by deadline
  • Verify asset financial performance in line with industry and previous asset performance by conducting research, analysing, identifying risks and opportunities, drafting recommendations and implementing once approved by deadline
  • Manage asset income by reviewing pricing, identifying risks and opportunities, addressing, making pricing recommendations (including incentives and/or loyalty strategies for tenants) and approving price changes and strategies annually
  • Manage asset costs by identifying cost saving opportunities, developing recommendations and implementing as required

3. Asset Valuation

  • Manage the annual internal and external valuation processes by scheduling, managing completion of valuation processes, reviewing findings, developing recommendations and reporting annually
  • Optimise asset valuation by evaluating opportunities, evaluating competitor, developing recommendations and presenting for approval by deadlines

4. Asset Performance

  • Complete annual asset performance benchmarking by defining research methodology, managing implementation, reviewing findings and results, developing recommendations and insights and presenting annually
  • Manage marketing of the asset by reviewing the asset marketing strategy and plan, making recommendations and approving annually.
  • Identify and implement interventions to optimise asset performance and yield by evaluating assets, identifying opportunities, designing interventions and implementing as approved and by deadlines

5. Stakeholder Management and Engagement

  • Build mutually respectful and supportive relationships with internal and external stakeholders by participating in meetings, understanding issues, providing quality inputs and suggestions, and supporting delivery at all times
  • Build supportive relationships with Property Managers by understanding the property management needs and challenges, providing feedback and insights, and providing support as required and within agreed deadlines
  • Participate in meetings related to residential assets concerns by gathering information, participating in meetings, providing required information and support and delivering any additional support as and when required
  • Resolve queries by receiving, evaluating, analysing, gathering information and evidence and resolving within deadline5. Stakeholder Management and Engagement

Qualifications and Experience:

  • BCom plus Honours or similar
  • 3 years relevant experience in the same role or similar
  • For more information please contact:
**Tiegan Johnson

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