Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.
Role Description
Division/Department: Shopping Malls / Asset Management
Reporting to: Lead, Asset Management
Location: UAE
Role Purpose
The position is primarily responsible to ensure the execution of the asset management agenda across designated geographies is delivered. This is achieved through the building of the strategic plan in accordance with the strategy of MAFH, MAFP and SMBU.
While the Regional Managing Director is responsible for leading and directing all strategic and operational activities for SMBU across the designated portfolio, the role will support the asset management lead in monitoring performance and ensuring that key initiatives are being driven in alignment with the Regional Managing Director.
Role Details – Key Responsibilities And Accountabilities
- Accountable for maximizing the overall economic value through execution of the strategic asset plans.
- Provide relevant inputs to development projects on operating assets while ensuring real estate best practices are applied e.g. coordinate with leasing leads formulating target tenant mix based on market positioning.
- Track and drive performance of the development projects on operating assets while ensuring lessons learned are tracked and accounted for in new projects.
- Work with the Strategy and Asset Management Leads to create development briefs ensuring product alignment to consumer and customer requirements in a manner that is financially viable.
- Work with the Strategy and Asset Management Leads to drive the annual Asset Plans, incorporating the executional roadmap for all outlined initiatives.
- Be part of a cross-functional team for operating assets to implement asset-level strategic plan, ensuring cross-functional coordination to maximize asset value.
- Act as the translator of business insights into an actionable roadmap for regional team execution.
- Review asset-level annual budgets for Marketing, Leasing and Shopping Center Management and ensure alignment with strategic plan.
- Approve relevant contract adjustments, leases, renewals, and re-tenanting depending on their value.
- Work with the Strategy Lead to develop the research requirements for the assigned portfolio.
- Conduct regular performance monitoring (e.g. rent recovery, footfall, turnover, sales, etc.) for the assigned portfolio.
- Work closely with the Finance / Regional Teams (for assigned portfolio) on supporting Quarterly Forecasting and ensuring all leasing budgets are assigned under the agreed upon framework.
- Support Regional Leasing Teams in the preparation and structure of leasing deals prior to approval process.
- Embed CAPEX framework in business cases and monitor CAPEX spend vs requests and ensure reporting in collaboration with the asset control team.
- Provide inputs for valuation team in Corporate Finance.
- Support in drafting any amendments to the policies, procedures and DOA as required.
- Lead the build-up of operational risk register in the region together while ensuring clear mitigation and ownership strategies are in place. Monitor and report as required through finance and Majid Al Futtaim Properties to the Audit Risk Committee.
- Ensure compliance with the MAFP SMBU’s Code of Conduct, Departmental policies and HC Policies and Procedures at all times.
- Be the advocate and ambassador of aligning and cascading the MAFP values in the assigned area of responsibility and ensure that relevant team adhered to and exhibit the same all the time.
- Build the capability of staff reporting into by providing on time regular feedback including annual review on performance and identify areas of improvement / reinforcement for further development.
- Manage, guide and mentor the Asset Management team reporting into and take full responsibility in identifying potential talent and timely supporting professional development.
- Lead by example – thrive to create an honest and open work environment where individuals collaborate /support each other as a team and are passionate to achieve a common business objective.
Definition of Success
TBD
Other Context (if Applicable)
TBD
Functional/Technical Competencies
Asset Management, Strategy, Leasing, Marketing, Development, Property Investment business & commercial acumen and operational excellence
Personal Characteristics And Required Background
Personal characteristics
- Excellent organizational and interpersonal skills. Able to communicate clearly and effectively to a wide range of stakeholders. Ability to work effectively as part of a high performing team
- Master’s degree in Real Estate / Business Administration / Finance or equivalent. Professional qualification e.g RICS, CFA
Minimum 5 years of progressive experience in managing all aspects of Asset Management function in a highly dynamic organization, preferably Retail / Real Estate in GCC or abroad with at least 4 – 8 years in a similar role .
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Join a Whatsapp Group of your choice, to be notified of the Latest Jobs in the Middle East:
https://www.dubai-forever.com/whatsapp-jobs.html
🇦🇪 🇸🇦 🇶🇦 🇴🇲 🇧🇭 🇰🇼 🇦🇪 🇸🇦 🇶🇦 🇴🇲 🇧🇭 🇰🇼 🇦🇪 🇸🇦 🇶🇦 🇴🇲 🇧🇭 🇰🇼 🇦🇪 🇸🇦 🇶🇦 🇴🇲 🇧🇭 🇰🇼
Create a new CV to apply for jobs in the Middle East (GCC):
1. Applicant Tracking System (ATS) - compliant CV. This CV is used for online applications on job sites. ATS is the software that reads and stores your CV in a database.
2. Visual/ Infographic CV. This CV is normally sent to recruiters by email. It is visually - appealing. It may not be compliant to the ATS.
To know more about ATS and Infographic CV read here:
https://www.dubai-forever.com/cv-writing-services.html#ATS-Compliant-CV
Please do submit your CV here as well:
🔊 https://www.dubai-forever.com/submit-your-cv.html
Join the Fastest Growing Jobs Group on LinkedIn:
🔊 https://www.linkedin.com/groups/8288711/
View our Youtube Channel:
🔊 https://www.youtube.com/channel/UC3f1M0lYhy7e6TT_nWq9HSQ
Join our Telegram Group:
No comments:
Post a Comment