JOB SUMMARY
The purpose of this position is to pro-active manage, exploit and (re)develop the assets within the allocated portfolio, in order to maximize the value growth of the allocated portfolio. If future sector specialist profile: usually responsible for complex portfolio with core+/value add asset characteristics or sizeable portfolios. If future management profile: job includes tasks to support HoAM or PM on portfolio level. E.g.: key tenant management tasks, valuations/ budget coordination, other minor management
tasks.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Defines and executes the business plan of the assigned assets in accordance with portfolio strategy.
Optimizes cash flow distribution through tenant management (selection, occupancy rate), securing rent levels and cash control.
Optimizes performance fees. Manages cost reductions.
Manages value growth through optimizing rental income (tenant selection) and lowering the risk profile. Is asset strategy responsible during asset transactions. If asset up for disposal, can be responsible for preparing phase (including data room, vendor due diligence etc).
Manages property strategy (marketing, property management). Extends, redevelops and repositions properties to increase (future) value. Identifies segmented tenant groups, acquires and retains selected tenants as long as possible.
Reports asset management part in reporting, together with property accountant / analyst.
Manages and evaluates (in cooperation with portfolio manager) the performance of the local Property Manager(s) and drives them to perform.
Uses/explores his local/country network for deal sourcing. Has an active role in processing in close cooperation - and under the supervision of - the transaction manager.
Provides input for property valuations process and carefully checks correctness of valuations.
Provides more specialized input on specific topics (i.e. May be expert in technical and or commercial matters etc.) and may manage a more complicated asset or portfolio. Provides input and presentations if necessary for key transaction processes and hold/sell analysis.
May have direct contact with separate account clients or investors.
Will provide assistance to but not directly supervise Asset Managers 1 and 2. Supervising analysts can be part of this role.
Performs other duties as assigned.
SUPERVISORY RESPONSIBILITIES
No formal supervisory responsibilities in this position. Provides assistance and oversight such as guidance, and/or training to co-workers. Leads project teams and/or plan, and supervise assignments of lower level employees.
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