Head of Asset Management – Industrial

Key Performance Areas:

Perform Assest Management Function

Participate as member of SA Exco

Participate on the following committees:

Deal Forum
Property and Investment Committee
Compile reports, analysis and specific tasks as may be required by the Board, Property and Investment Committee, any Board Sub-Committee, Exco Committee or as directed by the Head: SA Asset Management: SA
Adhere to and ensure that direct reports adhere to relevant levels of authority.
Perform corporate management functions in accordance with policies, procedures and legal requirements.
Perform corporate management functions within the allocated time frame

Manage Co-owned Properties

Responsible for asset management function of co-owned properties:
Provide guidance to Portfolio Managers
Participate in Co-Owner meetings and attend ad hoc and development meetings.
Provide strategic direction. 
Ensure accurate accounting for pro-rata profit share calculations and distributions.
Manage co-owned properties in accordance with policies, procedures, and legal requirements.

Perform Asset Management Function for External Clients

Perform asset management function for external clients as per specific applicable asset management agreements. 

Manage Budget

Keep abreast of economy and market in order to identify key threats and opportunities.
Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector.
Determine mandate for Asset Managers to achieve growth expectations for the Sector.
Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the budget guidelines.
Submit the budget for approval to the Executive Directors and the Property and Investment Committee in accordance with policies and procedures.
Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions.
Ensure that spending is approved in accordance with procedures.
Compile the monthly asset management and financial report.
Monitor portfolio performance against budget on a monthly basis and take necessary remedial measures, if required.

Investment Research & Strategy

Collaborate with the Head of Asset Management: SA to formulate an investment strategy for Growthpoint SA, across sectors and geographic location.

Conduct in-depth research, in consultation with the Head of Asset Management: SA and the Research Department, in respect of:

Investment trends
The Sector’s performance
Threats and opportunities
Conduct SWOT analysis at building level in order to draft specific asset management strategy for each asset 
Evaluate performance of each investment and make recommendations in respect of non-performing assets
Manage the implementation of the asset management strategy in accordance with policies and in terms of Delegations of Authority

Maximise Return on Investment 

Manage assets
Ensure that the Industrial Sector performs in line or better than MSCI benchmarks 
Dedicated focus on maximising return on investment and capex
Assisting in the drafting and implementation of policies and procedures applicable to the sector and the business as a whole.
Manage acquisitions
Identify investment opportunities meeting Growthpoint and the Sector’s investment criteria
Conduct comprehensive feasibility studies and due diligence processes
Manage disposals
Implement the Investment strategy as devised in terms of disposals
Develop disposal strategy (with the Head of Disposals) including compilation of sales budgets and price determination
Identify and manage development opportunities in collaboration with the Development division:
Manage extensions and redevelopments of existing properties i.e. timing, feasibility, tenant liaison and financial control
Analyse Greenfield developments to assess suitability in terms of location, viability, risk, etc. 
Analyse Brownfield developments to enhance properties through redevelopment, leasing and addressing tenant needs 
Manage insurance cover for the sector
Ensure that valuations for the sectors are performed timeously
Manage assets in line with policies, procedures, and legal requirements

Sustainability

Keep abreast of sustainability trends, technology and benefits
Draft sustainability strategies including short-, medium- and long-term objectives
Once the strategy has been approved, communicate, and implement the strategy

Trading & Development 

Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities
Participate in the drafting of the Trading and Development Division’s income budget.
Assist in the implementation of the approved budget
Actively introduce Trading and Development opportunities from both the Sector and the market
Ensure that the asset management function is fulfilled in respect of Industrial properties in the Trading and Development Division in so far as same is required

Stakeholder Management

Development, promote and maintain client relationships
Identify relevant role players in accordance with business requirements
Compile a profile of major clients
Ensure that Growthpoint’s’ client experiences are tracked through an efficient client satisfaction survey

Experience

Minimum 10 years with Industrial property experience (at asset management level), with a minimum of 5 years senior/executive management

Education

Relevant tertiary qualification (e.g. Finance or Built Environment)
Property Practitioner Act Compliance

Apply via company website ( N / A ) or

growthpoint.mcidirecthire.com