Asset Management Associate at Africa Real Estate Investment & Asset Management Company (ARIA)

Position Summary/Objectives

• This position is responsible for the management of a portfolio of commercial retail assets, seeking to maximize the portfolio’s value by continually guiding the value and use of the assets, while managing the income, expenditure, finance, and associated risks as well as environmental, social and governance issues
• This position reports directly to the Chief Operating Officer/COO.

Key Roles & Responsibilities
Investment Management:

• Determine a business plan for each asset, incorporating the above and in particular seeking to grow, value and revenues and achieve the aims of the group Asset Management and Investment Policy
• Guide the determination of annual budgets and manage the implementation within the context of the business plans;
• Set up performance targets and measures for each asset;
• Continually monitor the potential of the asset and determine its hold, enhance, or sell status;
• Analysis, research and financial modeling as appropriate;
• In line with the business plan (and review in the case of existing property managers ), monitor and manage the property and facilities management of each asset;
• Procure annual audits, and ensure compliance with group audit and financial policy;
• Procure compliance with the groups Environmental, Social and Governance Policies;

New Investments:

• Preparation of investment motivation papers (in terms of the group investment process) to be submitted to executive management;
• Analysis, research and financial modeling as appropriate;
• Determine asset management strategies to be procured for new investments including, inter alia, generating financial projections, financial management, leasing mix/plans, and managing leasing activity.

Reporting:

• Procure and guide succinct, management reports, in respect of the assets and or portfolio on a monthly basis;
• Procure and guide succinct investor/ financier reports as required
• As required, assist in determining appropriate report formats

Knowledge Base:

• Assist with the establishment of a group knowledge base, which will seek to collect, collate, and extrapolate for use by the group, real estate market information, performance and trends, relevant legal, financial, statutory, environmental social and governance issues.

Policies/Procedures/Guidelines:

• Assist with the determination and preparation of group policies/ procedures/ and guidelines.

Qualifications and Experience

• A Good First Degree from a reputable tertiary institution preferably in Accounting, Finance, Economics
• Strong financial modeling skills
• Professional qualifications a plus
• 5 years’ experience in a similar role or related function
• Excellent managerial, leadership, organizational, and verbal/written communication skills
• Demonstrated business development skills

Job Requirements:

• Technical and Business Skills
• Strong organization and planning skills
• Strong negotiation skills
• Very strong business writing skills
• Excellent interpersonal relations including dealing effectively with the public, and staff
• Proficiency in the use of Microsoft Office Tools (Word, Excel, PowerPoint; etc.)
• Financial Modelling
• Ability to work under pressure and to deadlines