The Head of Asset Management is in charge of value creation, defining and rolling out the strategy by aligning the asset/property management team to establish and deliver the long term strategic direction for each stable asset, value creation, 360 view and competitive position. This position requires confidence, independent action, initiative, a sense of urgency, and the ability to make decisions and take responsibility for them. A well-suited candidate can react and adjust quickly to changing conditions and come up with practical ideas for dealing with them. The style is purposeful, directed at getting things done quickly. There is a strong demand for high quality, organized and repeatable results. The responsibilities are broad in scope, encompassing a wide variety of activities requiring rapid shifts in priorities.
Net Operating Income and Asset Value growth
Acts as an owner of his/her portfolio of assets
Oversee and hold accountable third-party property management groups.
Follow up and challenge all operating expenses and capital expenditures, while allowing for a high-quality customer experience
Prepare, suggest and follow through on all major CAPEX in accordance with compliance. ROI/IRR calculations, risk assessments, and corporate approvals/presentations
Executes the full positioning of the asset (merchandising mix, marketing, innovation projects etc.)
Holds a strategic view and the vision on the asset and a deep understanding of the market including the competition and the customer
Defines action plans on stable assets (development, construction, common area design/amenities, leasing, marketing, and specialty leasing)
Drives deals forward and participates with Leasing in negotiations with tenants when the deal has a substantial investment or other complicated elements
Continuously develop new opportunities for growing revenue, including value creation opportunities on short term Leasing, brand events, other ancillary income, etc.
Faster-than-average pace; ability to learn quickly, thoroughly, and in detail. Must recognize and adjust to change. There is considerable variety in the work
Seeks and accepts decision authority and responsibility. Will effectively weigh risk against the benefit; while not cautious, a calculated decision maker. An independent decision maker, will occasionally utilize team consensus or collaboration.
Entrepreneurial (the asset should be regarded as the Asset Manager's own business and budget as own investment)
Good communication and negotiation skills
Advanced financial skills (business model preparation, calculation of return on investment, return on capital employed)
Ability to analyze, model, and compute complex problems/projects