Asset Manager (Stellenbosch)

ENVIRONMENT:

• A privately-owned property investment company with their head office in Stellenbosch, is looking for a dynamic individual for the role of Asset Manager to increase the value of the portfolio through the optimisation of the portfolio performance.
• The Asset Manager takes full responsibility for buildings allocated to them in terms of performance.

DUTIES:

• Portfolio Performance – Running Monthly Manco meetings with Property Management and reporting through to EXCO on allocated portfolio’s performance (Financial, Vacancies, Arrears, Legal etc.)
• Strategic formulation – formulate, implement and present tactical and operational strategy for each building after detailed financial and operational analysis including macro and micro trends and other appropriate research;
• Optimising returns – optimise the performance of each building through recycling buildings where required and ensuring optimum operational management;
• Minimise risk exposure – assisting with assessing the impact on building as a result of demographic changes including the development of competing buildings, increased credit risk of tenants, etc;
• Reporting timeously in respect of performance of the portfolio against benchmarks and objectives including returns, valuations, operations performance, etc, benchmarking;
• Annual budgeting and monthly reviews of 10 year income, expense and capex budgets;
• Responsible for the annual valuation process;
• Property information – ensure that all property information both hard copy and electronic are up to date and correct;
• Interact with property and facilities management as well as growth and acquisitions.

REQUIREMENTS:

Financial Acumen

• Accounting – understand and interpret income statements, balance sheets, accounts entries, basic tax, construct cash flows, etc;
• Budgeting – compilation of and implementation of the operating income and capex budgets for all properties within the allocated portfolio;
• Investment – understand and apply investment criteria, effect of income, expenses and capex on investments, understand and construct valuations;
• Investment – implementing strategy to operate within required return on assets;
• Specific property portfolio ratios and benchmarks – understand and interpret specific ratios and benchmarks.
• Optimisation – assisting in optimising asset level performance through the combination of knowledge of market and benchmarking to improve operating income.

Computer Literate

• Able to apply most MS software products, (definitely Excel ,Word and PowerPoint);
• Advanced Microsoft Excel skills beneficial;
• Knowledge of the in-house property and asset management system (MDA) would be beneficial.

Entrepreneurial

• Assist with identifying value-adding opportunities in portfolio;
• Identifying new acquisitions for consideration as well as identifying assets to be sold.

Qualifications And Experience

• BCom degree;
• Studying towards MSc – Property Studies would be beneficial;

ATTRIBUTES:

• Professional and good presentation skills;
• Communicate well with service providers, including property managers, centre managers and PRO’s;
• Able to form good relationships with clients and tenants.