Manager, Real Estate Portfolio Management
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Key skills for this role
About the Role
ADNOC Group is seeking a Manager to lead and manage a corporate real estate portfolio valued at AED 70B. The role involves portfolio strategy, leasing, financial administration, and stakeholder management.
Key Skills for This Role
Responsibilities
- Lead and manage corporate real estate portfolio with estimated value of AED 70B.
- Lead periodic corporate demand assessments and planning of corporate real estate portfolio.
- Lead real estate portfolio strategy, strategic partnership and stakeholder management and business development activities.
- Manage administration and leasing activities to ensure provision of quality oriented and cost effective centralized corporate leasing & lands management.
- Govern ADNOC and Group Companies owned and leased properties to ensure efficient utilization and maximization of yearly income.
- Ensure coordination with governmental authorities regarding land allocation, site plan issuance, new assets and leases registration.
- Lead periodic property valuations to assess market value and market rent and conduct benchmark studies.
- Lead and manage the corporate real estate performance assessment, and financial administration including annual budgeting.
- Lead property investment plans, manage analysis and identification of opportunities for new and existing property investments.
- Manage corporate real estate lease in and lease out activities, lease administration, contracts issuance, registration.
Requirements
- Bachelor’s Degree in Engineering/Business Administration or equivalent
- 15 years of experience in facilities / building management in a large organization, preferably in the oil and gas industry
- At least 8 years in managerial responsibilities
- Thorough understanding and experience in real estate management, leasing, inventory control and budgeting
- Knowledge of occupational hazards and safety precautions
- Ability to comprehend blueprint details and specifications
- Ability to plan and schedule daily and weekly work schedules for staff
- Leadership and managerial skills
- Customer services and problem solving skills
- Budget oriented
Full Job Posting
JOB PURPOSE
- Lead and manage corporate real estate portfolio with estimated value of AED 70B (owned and leased buildings and lands, including, but not limited to onshore and offshore non core real estate assets across various geographies and ensure their effective utilization and management.
Key Accountabilities Real Estate Portfolio Planning and Management
- Govern ADNOC and Group Companies owned and leased properties to ensure their most efficient utilization and maximization of yearly income.
- Ensure coordination with governmental authorities regarding land allocation, site plan issuance, new assets and leases registration.
- Ensure periodic corporate real estate demand assessments and portfolio planning.
- Govern centralized real estate assets portfolio registration and real estate data management.
- Lead periodic property valuations to assess market value and market rent and conduct benchmark studies.
- Lead and manage the corporate real estate performance assessment, and financial administration including annual budgeting.
- Lead and manage review of life cycle of properties and monitor sinking funds.
- Contribute to the identification and implementation of best practices in the real estate sector.
Portfolio Strategy and Strategic Investment Management
- Lead real estate portfolio strategy, strategic partnership and stakeholder management and business development activities.
- Optimize ADNOC Group’s asset utilization by developing a proactive commercial strategy.
- Ensure provision of periodic reporting, business plans, rental forecasts, board meetings and dividend payments.
- Ensure seamless management of Landmark SPV’s day to day activities.
- Lead property investment plans, manage analysis and identification of opportunities.
- Lead business development and negotiations with potential investors/tenants.
Leasing and Contracts Management
- Manage corporate real estate lease in and lease out activities, lease administration, contracts issuance, registration.
- Review and endorse all related agreements, contracts and other documentation.
- Monitor and endorse regular payments related to utilities, Tawtheeq registration, and site plan issuance.
Financial Administration
- Manage corporate real estate finance administration function including annual budgeting, monitoring and reporting of rental revenues, service charges, sinking funds, utilities expenses, etc.
- Ensure that asset related rent, service and utilities charge demands are being issued to the tenants.
- Manage liaison with the insurance companies and with the finance directorate.
- Monitor and follow up for endorsing regular payments related to utilities, Tawtheeq registration, and site plan issuance.
Management
- Plan and supervise the activities of the personnel and resource to achieve Department’s objectives.
- Develop the knowledge, competencies and innovative spirit in the Department and support the establishment of Personal Development Plans.
Policies, Systems, Processes & Procedures
- Lead the implementation of approved policies, processes, systems, standards, procedures and internal controls.
Performance Management
- Implement the Company Performance Management System for individuals in accordance with Company approved guidelines.
Innovation and Continuous Improvement
- Encourage innovation, enhance employee motivation and support initiatives for implementation of Change Management.
- Propose improvements in internal processes against best practices.
Health, Safety, Environment (HSE) and Sustainability
- Support the institution of an HSE culture and ensure compliance with relevant HSE policies.
- Ensure adequate HSE training and induction for all Department employees.
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