100000004097.Asset Management Director

• Provide expertise in developing and executing the asset portfolio strategy in alignment to organizational strategy

• Contribute to the development of annual operating and capital budgets, collaborating with teams and imparting property and market knowledge to create comprehensive budgets that meet targeted asset management strategies and objectives

• Advise on strategies to increase ROI and minimize risk and loss

• Recommend a value-oriented approach to each asset by analyzing revenue opportunities and providing direction supported by financial models to justify investments and financial decisions

• Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify portfolio underperformance to budget and/or market benchmarks and collaborate with the relevant team members to correct issues

• Identify and recommend opportunities to expand assets strategically through partnerships and alliances

• Review asset management policies and procedure, and make recommendations for potential adjustments

• Research relevant markets and identify trends and patterns for better asset management practices in the organization

• Conduct risk analyses, oversee the preparation of financial reports, and develop strategies to maximize asset growth

• With a thorough knowledge of assets performance, collaborate with revenue management, accounting, financial planning and reporting departments to formulate and execute strategies intended to maximize portfolio value and report performance results to senior management

• Identify and oversee repositioning opportunities; monitor market trends for opportunities to add value through renovation, expansion or repositioning of the assets and make recommendations accordingly

• Become an expert on assigned assets through on-site visits, in-depth analysis of industry trends and economic drivers, and maintenance of industry network then collaborate with executives to implement adjustments to asset management strategy to account for market shifts

• Provide market and leasing assumptions and participate in other due diligence activities as necessary

• Participate in evaluating and make recommendations for the implementation of new products and services intended to grow auxiliary income, reduce operating expenses, or create operational efficiencies

• Conduct frequent inspections of assets in assigned portfolio to develop a thorough understanding of each asset and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement and communicate those opportunities among relevant internal and external teams.

• Partner, align and facilitate solutions to unique and highly complex problems through clear communication with senior leadership, Internal Audit, Legal, Finance, Risk and Compliance, etc. to advise on efficient execution of asset management and protection strategies

• Engage and participate in local industry organizations to stay informed on market trends

• Other reasonable tasks as assigned by supervisor

Minimum Knowledge, Skills & Experience:

• Master’s degree in a relevant field e.g., Business, Finance, etc. and 8 years of relevant full-time work experience in asset management, 5 of which at a senior supervisory level

• International experience, preferably in the Middle East; knowledge of QF is an advantage

• Strong financial background with experience in financial modelling

• Strategically minded with strong analytical and problem-solving skills

• Knowledge of economic and accounting principles and practices, the financial markets, and the analysis and reporting of financial data

• Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modelling, leadership technique, and coordination of people and resources

• Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, etc.

• Excellent writing skills with the ability to draft and edit a variety of written reports and communications and to articulate ideas clearly and concisely; Arabic proficiency is an advantage

• Proficiency in MS Office applications