Vice President - Portfolio Management

دوام كامل في a Laimoon Verified Company في UAE
نُشرت يوم January 30, 2025

تفاصيل الوظيفة

Job PurposeManage 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 & ResponsibilitiesMarket ResearchConduct 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.Monitor and periodically assess 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 associated IC Business Case.Asset ManagementManage 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 asset 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 current and new client relationships.Risk ManagementManage and assess risks associated with the operation/utilization of assets to ensure activities align with the investment management objectives.Key Results AreasPeriodic 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 & ExperienceRELATED YEARS OF EXPERIENCEMin of 10+ years, with at least 5 years of experience in real estate, property and asset management, investment banking, buy-side or sell-side advisory in a similar related field.YOE IN MANAGERIAL POSITIONMin of 2+ years in a related managerial position.FIELD OF EXPERIENCEBanking, real estate consultancy, management consultancy.TECHNICAL AND INTERPERSONAL SKILLSOutstanding analytical and quantitative skills; proficiency with standard software, including MS Office; advanced Excel skills are 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, LoIs, and SPAs.Ability to develop Board-level papers and investment memoranda.QUALIFICATIONBachelor Degree in Engineering, Economics, Finance or Accounting, MBA (Finance), CFA, CA or CPA preferred.

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