Vice President – Portfolio Management

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.

ROLES AND 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.

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 or other 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.