Assistant Vice President – Asset Management (Retail)

JOB PURPOSE Support the execution of retail management strategy by analyzing financials, managing P&Ls, and support asset acquisitions, disposals, and transformations. Collaborate with teams to optimize asset performance, track financial targets, and identify investment opportunities for growth.

This role is for a UAE National.

ROLES AND RESPONSIBILITIES Support the execution of Retail Management Strategy, prepare detailed P&L statements, and consolidate financials for review by asset managers.

Support the development pipeline by collaborating with AI-DM for timely asset delivery.

Conduct market studies and coordinate acquisitions, managing the integration and handover of newly acquired assets.

Analyze underperforming assets (IRR, ROI, ROE) to recommend disposals or transformations.

Monitor the P&L for assigned retail assets, ensuring financial targets are met through strategies like rent pricing and tenant mix.

Assist in building business cases for asset transformations and manage P&L for community malls, advising on rent rolls, pricing, and asset operations.

Analyze market trends and perform financial analysis on potential acquisitions, disposals, or transformations to identify growth opportunities.

Contribute to the company’s growth by identifying investment opportunities. Coordinate with Retail GMs to identify synergies, optimize performance, and track monthly operational and financial targets.

Provide insights to SVP Asset Management on cross-retail strategies, rent pricing, leasing/tenant mix, and KPIs to enhance asset performance and customer satisfaction.

RELATED YEARS OF EXPERIENCE Min of 8+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

FIELD OF EXPERIENCE Experience in retail management i.e., malls and community retail

Strong exposure to GCC real estate market

Experience in Property Management and respective remedial auctions

TECHNICAL AND INTERPERSONAL SKILLS Good analytical skills

Good conflict resolution / managements skills

Good communication, planning and organizing skills

Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders

Excellent negotiation and persuasion skills

Interpersonal skills

Excellent relationship with major Middle East regional retailers

QUALIFICATION Bachelor’s degree in engineering, business or economics, MBA