National_Leasing Manger

Job Description

Job Requisition ID:120846Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the worlds most admired and innovative brands. Al-Futtaim Group?s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every dayOverview of the Role: As Assistant Leasing Manager will be part of the Al-Futtaim Retail Leasing team and will be responsible to liaise with Property and Real Estate Developers across the Region to manage and negotiate the lease agreements of the Al Futtaim Retail stores. This role has both financial and legal elements and provides a central source of information, expertise and management capability to the company?s internal stakeholders.What you will do:

• Timely and accurate management, negotiation and formalization of all Retail Leasing related within the assigned portfolio as well as continuous communication and building relationship with Landlords & internal stakeholders
• Source and Negotiate prime Real Estate for existing and new brands on most effective commercials and Leasing terms as well as track, monitor and communicate any critical non-negotiable clauses with agreed deals
• Execute all the Lease admin related work review Lease contracts, complete legal review, payment processing, tracking and safe keeping of Leasing related documentation.
• Ensure Lease related system and tracking sheets are kept updated.
• Plan and execute Roll out of locations for existing and new Retail brands under Al-Futtaim Retail as well as negotiate and execute early surrender / termination of existing Leases for store closure with minimum financial impact.
• Track and manage renewals with the objective to ensure that the most competitive rates are achieved utilizing knowledge of the market when renegotiating leases that are coming up for renewal.
• Analyze performance of the existing portfolio and negotiate to achieve rental reduction for in existing Leases / locations.
• Run regular Leasing reporting on lease related data and provide information and insights to Management and internal stakeholders.
• Support the lease review process and work closely with the internal stakeholders including the Legal Department to ensure all lease risks are identified and mitigated.
• Responsible to streamline the process of opening, closing and renovating stores by communicating and liaising necessary information between the Store Development Team and the Landlords.
• Involve and support each Business Division in finalizing feasibility reports for new projects, which will be presented to the Al Futtaim Retail Investment Committee.
• Prepare presentation for the Management on Leasing related assignments.
• Ensure all date / material related to Regional Properties are maintained such as Mall Floor Plans, existing / New Mall relevant details.
• Develop, maintain, and enhance the policies & process framework of Leasing Department.

About Al-Futtaim RetailAl-Futtaim Retail has established itself as one of the leaders in Retail across the Middle East, Africa & Asia over the past 30 years. We have developed partnerships with some of the biggest and most respected Brands in the world including IKEA, ACE and Toys R Us in the Middle East and the Inditex Group of Brands (Zara, Mango, Bershka and P&B) across Asia. We are also one of the largest Global partners of Marks and Spencer?s in both regions with over 75 stores offering both fashion & food options.Most recently we have been responsible for bringing brands to the Middle East for the first time with the exciting launches of Watsons and B&Q and we aim to continue to be agile and adaptive to our markets with new launches and further development. For this to be possible we aim to recruit the best talent from all backgrounds who will continue to challenge and develop our diverse workforce which includes over 100 nationalities across 12 countries. Join us today and make a difference?

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