Vice President – Portfolio Management

JOB PURPOSEManage 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 RESPONSIBILITIESMarket ResearchConduct 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 initiativesRecommend changes in rental rates based on market conditions.Obtain new capabilities and equipment through CAPEX programsConduct development feasibility and draft of associated IC Business CaseAsset ManagementManage 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 relationshipsRisk ManagementManage and assess risks associated with the operation / utilization of assets to ensure activities are in alignment with the investment management objectives.RELATED YEARS OF EXPERIENCEMin 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 POSITIONMin of 2+ years in a related managerial positionFIELD OF EXPERIENCEBanking, real estate consultancy, management consultancy.TECHNICAL AND INTERPERSONAL SKILLSOutstanding 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’sAbility to develop Board level papers and investment memoranda.QUALIFICATIONBachelor Degree in Engineering, Economics, Finance or Accounting, MBA (Finance), CFA, CA or CPA preferred.#J-18808-Ljbffr