Portfolio Manager

7 months ago


Cape Town, South Africa Ability Recruitment Full time

**Job Information**:
Industry

**Real Estate/Property Management***

Work Experience

**5+ years***

Currency

**ZAR***

City

**Cape Town***

Province

**Western Cape***

Country

**South Africa***

Postal Code

**7100**

Responsible for developing and maintaining Company owned retail buildings in Cape Town and provide long term profitable, sustainable growth and maximise return of these assets.

Budgets:

- Prepare financial strategies, formulate business plans, monitor, and control income and expenditure according to business objectives.
- Formulate annual budget, calculate trading densities, ratio analysis, negotiate contractor’s fees and adhere to all agreed to KPIs.
- Maximise income return by ensuring the centre and exhibition courts are as far as possible always fully leased at market rentals as approved by Asset Management.
- Maximise income ratio in conjunction with operations/facilities manager and national facilities manager to ensure effective utility recoveries and keeping expenses and contract cost in line with market as guided by procurement.
- Duties:

- Lease negotiations with tenants, prepare leasing proposals, finalise the heads of agreement and lease agreement with tenant.
- Negotiate lease clause amendments adhering to levels of authority when needed to get the standard lease agreement signed.
- Source new tenants for centre that will complement the tenant mix.
- Tenant retention and preparing leasing strategies in consultation with the Senior Portfolio manager.
- All functions related to debtor management including supervision of collection of rental and collection of arrear rental, negotiations regarding financial arrangements with tenants and liaison with attorneys when required.
- Responsible for the development of Marketing strategies in conjunction with Marketing professionals.
- Ensure accuracy of all financials and management reporting.
- Other responsibilities will involve but not be limited to the management of external contractors, appropriate relationship building with tenants, staff management and implementation of preventative maintenance plan.
- Ensure effective leasing audit info goes to utility company on a weekly and monthly basis and are updated to maximise utility recoveries.

**Requirements**:

- Tertiary qualification
- Minimum 7 years experience in property portfolio management
- Shopping Centre Management certification



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