Job closed
Ref: NP845-66
Job description / Role
Our client, a fast growing, well funded real estate developer in Abu Dhabi, developing integrated communities and mixed use developments including hospitality, educational, residential, commercial and healthcare assets, is looking for a Head of Asset Management, reporting directly to Director of Development/Board of Directors.
The role will be responsible for ongoing hospitality/mixed use Asset Management -helping define growth strategy and identify, assess, recommend and execute development opportunities and then asset management the assets when the construction has been completed.
Job Responsibilities:
- Provide strategic direction for a growing portfolio of assets
- Prepare, present, and execute comprehensive annual business plans for each asset with the goal of maximizing value and cash flow for investors/equity partners.
- Work in partnership with acquisition and development team on underwriting and due diligence for the new real estate investment opportunities; ensure a smooth and successful transition of new assets into the portfolio.
- Evaluate, select, engage and manage third-party property managers, consultants, contractors, and brokers to provide services for the portfolio.
- Provide direction to third-party property managers and leasing brokers regarding the development of and successful execution on operating budgets, capital investment plans, leasing/marketing plans, cost control strategies, risk management strategies, and other significant operational items with the goal of increasing/maximizing value and cash flow.
- Prepare quarterly asset management reports on each asset to investors/Board of Directors
- Review financial reporting and variance analysis and coordinate with accounting personnel to ensure that financial statements are accurately presented.
- Develop financial feasibility and due diligence to screen opportunities for board presentation.
- Maintain an effective network of contacts among potential operators, partners and investors to identify projects and select the best fit operators for the existing and new assets.
- Specifically act as owner's representative for hospitality assets ensuring hotel GM's are maximising assets returns.
Requirements
- At least 10 years in asset management and development experience with proven commercial and analysis experience in project evaluation and asset management.
- High-energy and detail-oriented asset management professional who will assume hands-on responsibility for overseeing client growing portfolio.
- Previous experience in all key categories of real estate management (mixed use, hospitality, education and healthcare/clinics)
- The successful candidate will have superior analytical, budgeting, written communication and negotiating skills
- Excellent English verbal and written skills, knowledge of Arabic is not mandatory but will be a strong advantage
About the Company
Yeomans Executive DMCC is a boutique Global Executive search firm, based in the Middle East, sourcing globally for our locally based clientele. We have built our business and reputation through deep long term relationships with our clients.
We are renowned for successfully challenging traditional search firm models through being easier to deal with, highly innovative and consistently more efficient in delivering outstanding candidates for critical senior roles.