To develop a strategy to optimise the return for a portfolio of Commercial Assets, and to implement the strategy using a number of interventions including acquiring, developing or redeveloping and disposing of the assets. Requirements Minimum 10 years with Office Property experience (at Asset management level), with a minimum of 5 years at senior/executive management level. Relevant tertiary qualification (e.g. Finance or Quantity Surveyor). EAAB Compliance Duties Perform Asset Management Function: Participate as member of SA Exco. Member of the following committees: Deal Forum Property Committee Compile reports, analysis and specific tasks as may be required by the Board, Property Committee, any Board Sub-Committee, Exco Committee or as directed by the Head of Asset Management: SA. Adhere to and ensure that direct reports adhere to relevant levels of authority. Perform corporate management functions in accordance with policies, procedures and legal requirements. Perform corporate management functions within the allocated time frame. Manage Co-owned Properties: Responsible for asset management function of co-owned properties: Provide guidance to Portfolio Managers. Participate in Co-Owner meetings and attend ad hoc and development meetings. Provide strategic direction. Ensure accurate accounting for pro-rata profit share calculations and distributions. Manage co-owned properties in accordance with policies, procedures, and legal requirements. Manage Budget: Keep abreast of economy and market in order to identify key threats and opportunities. Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector. Determine mandate for Asset Managers to achieve growth expectations for the Sector. Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the Board-approved budget guidelines. Submit the budget for approval to the Executive Directors and the Property Committee in accordance with policies and procedures. Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions. Ensure that spending is approved in accordance with procedures. Compile the monthly asset management and financial report. Monitor portfolio performance against budget monthly and take necessary remedial measures, if required. Leading and Managing: Analyse the business plan to determine the people requirements, in accordance with the expected deliverables and oversee (where necessary, participate in) the implementation of recruitment and/or rationalisation programmes. Implement approved transformation plan. Conduct the Performance Planning and Performance Management for direct reportees. Provide mentoring to senior staff members. Create and implement a succession plan for your team. Investment Research&Strategy: Collaborate with the Head of Asset Management: SA to formulate an investment strategy across sectors and geographic locations. Conduct in-depth research, in consultation with the Head of Asset Management and the Research Department, regarding investment trends, the Sector's performance, measured against identified peers, MSCI and other benchmarks, and threats and opportunities. Conduct SWOT analysis at building/shopping centre level in order to draft specific asset management strategy for each asset. Evaluate performance of each investment and make recommendations in respect of non-performing assets. Manage the implementation of the asset management in accordance with policies and in terms of Delegations of Authority. Maximize return on investment: Manage assets. Ensure that the Office Sector performs in line or better than MSCI benchmarks. Dedicated focus on maximising return on investment and ***. Manage acquisitions. Identify investment opportunities meeting the Company's and the Sector's investment criteria. Conduct comprehensive feasibility studies and due diligence processes. Manage disposals. Implement the Investment strategy as devised in terms of disposals together with the Manager of Optimisation and Realisation. Develop disposal strategy including compilation of sales budgets and price determination. Identify and manage development and redevelopment opportunities in collaboration with the Development division. Manage extensions and redevelopments of existing properties i.e. timing, feasibility, tenant liaison and financial control. Analyse Greenfield developments to assess suitability in terms of location, viability, risk, etc. Analyse Brownfield developments to enhance properties through redevelopment, improving tenant mix and addressing tenant needs. Manage insurance cover for the sector. Ensure that valuations for the sectors are performed timeously and provide input to the Valuations Department and external valuers. Manage assets in line with policies, procedures, and legal requirements. Sustainability: Keep abreast of sustainability trends, technology and benefits. Draft sustainability strategy including short-, medium- and long-term objectives. Once the strategy has been approved, communicate and implement the strategy. Trading&Development: Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities. Actively introduce Trading and Development opportunities from both the Sector and the market. Ensure that the asset management function is fulfilled in respect of Office properties in the Trading and Development Division in so far as same is required. Stakeholder Management: Develop, promote and maintain client relationships. Identify relevant role players in accordance with business requirements. Compile a profile of major clients. Ensure that the client experiences are tracked through an efficient client satisfaction survey. Desired Skills: Property management Asset management Head of asset management Portfolio executive #J-18808-Ljbffr