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    Director- Commercial Real Estate

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    • Ending Soon

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    Job Source: First Abu Dhabi Bank

Lead- Valuation - Commercial Real Estate

abu dhabi

Job Description

To develop and implement plans to manage assets in the best possible manner aiming at generation of profit and well-being of the assets from a long-term perspective as well as contributing towards the development of policy on risk management assets, to facilitate optimum risk mitigation and asset protection.

Team Supervision

Provide guidance and on-the-job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy. Promote the organisation's values and ethics in all activities within the team to support the establishment of a value-driven culture within the bank.

Budgeting and Financial Performance

Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

Policies, Systems, Processes & Procedures

Provide inputs and implement policies, systems, and procedures for the assigned team so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.

Reporting

Prepare sectional statements and reports timely and accurately to meet FAB and department requirements, policies, and quality standards.

Job Specific Accountabilities

Be accountable together with the Head of CRE for the overall operation and performance of the assigned properties and/or portfolio. Develop comprehensive asset strategies to include leasing, property improvements, capital structure, and sell/hold analysis based upon financial analysis, market analysis, and valuation reports.

Assess opportunities to exit/monetize investments and support the execution of the approved exit/monetization strategy.

Assess opportunities for acquisition of investments, undertake the appropriate due diligence and fulfill all local authority and regulatory requirements.

Conduct benchmarking analysis to compare each asset against a peer portfolio to identify weaknesses and strengths and initiate corrective/preventative actions where required.

Conduct market research and identify trends and key growth areas that can contribute to the maximization of returns and value enhancement of assets.

Oversight and management of all legal cases, liaising with external legal counsel where appropriate.

Understand competitive positioning relative to rents, lease terms, and overall occupancy together with the means to maintain a competitive edge.

Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition or disposition opportunities and to continuously review the portfolio to add value through renovation, expansion, or repositioning of the assets and make recommendations accordingly.

Provide financial and operational oversight at both the property and portfolio level to ensure the economic viability of the properties.

Supervise the annual budget process with third party managers, investment partners, and internal analyst resources to include presenting and implementing the property budget/business plan.

Oversee marketing and leasing plan for assigned properties to include lease-up projections, estimated tenant upgrade costs, marketing methodology and associated budget, and prospect forecasts.

Qualifications

Bachelor's degree in Business Management/Economics or related discipline is required, and an MBA would be advantageous. Seven years' relevant experience in asset management, a UAE national with less experience may be considered if this is considered a development role. #LI-FR1

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