Head of Asset Management - Office at Growthpoint Properties

Duties and responsibilities

Perform Asset Management Function

• Participate as member of SA Exco

Member of following committees:

• Deal Forum
• Property Committee
• Compile reports, analysis and specific tasks as may be required by the Board, Property Committee, any Board Sub-Committee, Exco Committee or as directed by the Head of 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.

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 Board-approved budget guidelines.
• Submit the budget for approval to the Executive Directors and the Property 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 monthly and take necessary remedial measures, if required

Leading and Managing 

• Analyse the business plan to determine the people requirements, in accordance with the expected deliverables and oversee (where necessary, participate in) the implementation of recruitment and/or rationalisation programmes.
• Implement Growthpoint’s approved transformation plan.
• Conduct the Performance Planning and Performance Management for direct reportees.
• Provide mentoring to senior staff members.
• Create and implement a succession plan for your team

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: SÁ and the Research Department, in respect of 
• Investment trends
• The Sector’s performance, measured against identified peers, MSCI and other benchmarks
• Threats and opportunities
• Conduct SWOT analysis at building/shopping centre 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 in accordance with policies and in terms of Delegations of Authority.

Maximize return on investment.

• Manage assets.
• Ensure that the Office 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 together with the Manager of Optimisation and Realisation
• Develop disposal strategy including compilation of sales budgets and price determination.
• Identify and manage development and redevelopment 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, improving tenant mix and addressing tenant needs.
• Manage insurance cover for the sector.
• Ensure that valuations for the sectors are performed timeously and provide input to the Valuations Department and external valuers.
• Manage assets in line with policies, procedures, and legal requirements.

Sustainability

• Keep abreast of sustainability trends, technology and benefits.
• Draft sustainability strategy including short-, mediumand 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.
• Actively introduce Trading and Development opportunities from both the Sector and the market.
• Ensure that the asset management function is fulfilled in respect of Office 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 Growthpoints’ client experiences are tracked through an efficient client satisfaction survey.

Requirements

Experience 

• Minimum 10 years with Office property experience (at Asset management level), with a minimum of 5 years at senior/executive management level.

Qualifications

• Relevant tertiary qualification (e.g. Finance or Quantity Surveyor).
• EAAB Compliance

Competencies

• Business Acumen
• Business Environment
• Financial Accounting Principles
• Legislation
• Policies and Procedures
• Employee management, coaching and mentoring