Vice President - Portfolio Management
Abu Dhabi Aldar Investment Property Management – Portfolio Management / Experienced hires / On-site
Job Purpose Manage the performance of Aldar’s residential & commercial property portfolio, planning the timing of capital upgrades, with the goal of enhancing value and maximizing return of the portfolio.
This role is for Emiratization only.
Roles & Responsibilities
Market Research - Conduct periodic market research on rental rates to ensure proper setting of internal rates for Aldar residential and commercial portfolio. - Analyze market conditions and forecast changes in rates and occupancy levels, in conjunction with the Director – Investment Management. - Monitoring and periodically assessing competitors' assets to forecast any potential risk on demand, rates and asset classes. - Identify and implement value-add initiatives - Recommend changes in rental rates based on market conditions. - Obtain new capabilities and equipment through CAPEX programs - Conduct development feasibility and draft of associated IC Business Case
Asset Management - Manage the portfolio of residential and commercial assets; • Review financial statements related to the asset, market and economic data to determine the economic impact and/or compliance impact for the operation of the assets. • Monitor the performance of assets to ensure delivery on financial targets. • Maximize return on assets and assets utilization. • Improve maintenance productivity and optimize space / equipment reliability as per business targets. • Achieve profitability while recognizing inefficiencies and minimize asset capital expenditures. - Provide input on asset repositioning and asset disposal, in conjunction with the Director – Investment Management. - Ensure pricing strategy and payment scheduling are suited for market prospects and cultivating for current and new client relationships
Risk Management: - Manage and assess risks associated with the operation / utilization of assets to ensure activities are in alignment with the investment management objectives.
Key Results Areas
•Periodic review of market economics and residential market rates. •Management of residential and commercial asset portfolio. •Smooth interaction with Aldar subsidiaries such as Khidmah and Provis. •Ensure meeting the residential & commercial portfolio financial targets.
Skills & Experience
RELATED YEARS OF EXPERIENCE Min of 10+ years of at least 5 years of experience in real estate, property and asset management, investment banking, buy side or sell side advisory similar related field.
YOE IN MANAGERIAL POSITION Min of 2+ years in a related managerial position
FIELD OF EXPERIENCE Banking, real estate consultancy, management consultancy.
TECHNICAL AND INTERPERSONAL SKILLS §Outstanding analytical and quantitative skills; proficiency with standard software, including MS Office; advanced Excel skills is a must. §Proven track record in conducting valuation / financial models. §Able to analyze, evaluate and move quickly to support rapid decision making. §Ability to interpret and manage transaction documentation: NDAs, MoUs, LoI’s, and SPA’s §Ability to develop Board level papers and investment memoranda.
QUALIFICATION Bachelor Degree in Engineering, Economics, Finance or Accounting, MBA (Finance), CFA, CA or CPA preferred.
