Asset Manager
4 months ago
Our client is looking for a dynamic individual for the role of an Asset Manager to increase the value of the portfolio through the optimizing of the portfolio performance.
The is a senior management role and will include assessing of property investments and sales transactions entered into as well as directly overseeing property management of the western cape portfolio.
**Skills /Requirements**:
**FINANCIAL ACUMEN**
Accounting - understand and interpret income statements, balance sheets, accounts entries, basic tax, construct cash flows, etc;
Budgeting - compilation of and implementation of the operating income and capex budgets for all properties within the allocated portfolio;
Investment - implementing strategy to operate within required return on assets;
Specific property portfolio ratios and benchmarks - understand and interpret specific ratios and benchmarks.
Optimization - assisting in optimizing asset level performance through the combination of knowledge of market and benchmarking to improve operating income.
**COMPUTER LITERATE**
Advanced Microsoft Excel skills beneficial;
Knowledge of the in-house property and asset management system (MDA) would be beneficial.
**ENTREPRENEURIAL**
Assist with identifying value-adding opportunities in portfolio;
Identifying new acquisitions for consideration as well as identifying assets to be sold.
**INTER-PERSONAL SKILLS**
Professional and good presentation skills;
Communicate well with service providers, including property managers, Centre managers and PRO’s;
Able to form good relationships with clients and tenants.
**QUALIFICATIONS AND EXPERIENCE**
BCom degree;
Studying towards MSc - Property Studies would be beneficial;
**Duties**:
The Asset Manager takes full responsibility for buildings allocated to them in terms of performance. The position is mainly strategic in nature and the essence of it may be summarized as follows:
Portfolio Performance - Running Monthly Manco meetings with Property Management and reporting through to EXCO on allocated portfolio’s performance (Financial, Vacancies, Arrears, Legal etc.)
Strategic formulation - formulate, implement and present tactical and operational strategy for each building after detailed financial and operational analysis including macro and micro trends and other appropriate research;
Optimizing returns - optimize the performance of each building through recycling buildings where required and ensuring optimum operational management;
Minimize risk exposure - assisting with assessing the impact on building as a result of demographic changes including the development of competing buildings, increased credit risk of tenants, etc.;
Reporting timeously in respect of performance of the portfolio against benchmarks and objectives including returns, valuations, operations performance, etc., benchmarking;
Annual budgeting and monthly reviews of 10 year income, expense and capex budgets;
Responsible for the annual valuation process;
Property information - ensure that all property information both hard copy and electronic are up to date and correct;
Interact with property and facilities management as well as growth and acquisitions.
Salary - Basic Salary will depend on experience
Undertakings - Criminal and Credit Check
**Application Process**:
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