Assistant Vice President – Asset Management (Retail)

AI in this role

JOB PURPOSE

Support the execution of retail management strategy by analyzing financials, managing P&Ls, and support asset acquisitions, disposals, and transformations. Collaborate with teams to optimize asset performance, track financial targets, and identify investment opportunities for growth.

This role is exclusive to UAE Nationals.

ROLES AND RESPONSIBILITIES

Support the execution of Retail Management Strategy, prepare detailed P&L statements, and consolidate financials for review by asset managers.

Support the development pipeline by collaborating with AI-DM for timely asset delivery. Conduct market studies and coordinate acquisitions, managing the integration and handover of newly acquired assets. Analyze underperforming assets (IRR, ROI, ROE) to recommend disposals or transformations. Monitor the P&L for assigned retail assets, ensuring financial targets are met through strategies like rent pricing and tenant mix. Assist in building business cases for asset transformations and manage P&L for community malls, advising on rent rolls, pricing, and asset operations. Analyze market trends and perform financial analysis on potential acquisitions, disposals, or transformations to identify growth opportunities. Contribute to the company’s growth by identifying investment opportunities. Coordinate with Retail GMs to identify synergies, optimize performance, and track monthly operational and financial targets. Provide insights to SVP Asset Management on cross-retail strategies, rent pricing, leasing/tenant mix, and KPIs to enhance asset performance and customer satisfaction.

RELATED YEARS OF EXPERIENCE

Min of 8+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

FIELD OF EXPERIENCE

Experience in retail management i.e., malls and community retail Strong exposure to the GCC real estate market Experience in Property Management and respective remedial auctions

TECHNICAL AND INTERPERSONAL SKILLS

Good analytical skills Good conflict resolution/managements skills Good communication, planning and organizing skills Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders Excellent negotiation and persuasion skills Interpersonal skills Excellent relationships with major Middle East regional retailers

QUALIFICATION

Bachelor’s degree in engineering, business, or economics

How we rate this

Assistant Vice President – Asset Management (Retail) at Aldar rates 38 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.