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General Manager

1.00 to 10.00 Years   Dubai, United Arab Emirates   07 Jun, 2023
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

General Manager - Property ManagementOverview of the roleÿThe General Manager ? Residential Asset Management will be responsible for fully managing assigned assets and provide direction for business plans, budgets, leases/sales analysis and pricing approvals, along with the Finance department, drive cash flow through the tenant mix, carrying out capital expenditure projects to enhance the assets and oversee rent reviews and entire leasing process, new and existing tenants. Looks after the property management performance for the assets under the management of AFGRE at Dubai Festival City. The coordination with internal and external departments, organisations and professional bodies.ÿÿWhat you will doÿ

  • Develop and implement the Asset Management strategy to maximise and enhance the financial and operational performance of the Portfolio
  • Manage the full Profit and Loss statement of each project (residential and commercial)
  • Develop strategic management plans including detailed budgets, quarterly forecasts and Capex
  • Determine in conjunction with the Residential Sales & Leasing teams the appropriate tenant mix, lease tenure and asset weighting for the portfolio with a strong focus on continuity of cash flow, diversification of asset specific risk, and long term value
  • Liaise with internal & external parties and service providers, through the Property Management team, regarding all aspects of property, asset and facility management. In particular maintenance responsibilities of service providers and obligations of utility companies
  • Monitor all property management financial transactions relative to the portfolio including contractual obligations, purchasing and procurement requests
  • Overlook the FM service level agreements and FM service contracts for the portfolio
  • Be updated of the real estate market activities trends and law to assess possible implications on tenancy, financial and physical aspects of the property portfolio
  • Leasing of Commercial premises; both retail and office. Working with retained agents in Dubai to market the available space and conclude rental negotiations. Retention of tenants by successful renewal discussions
  • Assist the Finance Team to develop, manage and recover service charges for residential and commercial properties
  • Manage and direct the property managers allocated to the portfolio

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