Job Overview
The organisation is an established property fund manager, with a strong investor following. Reporting to the Fund Manager, the Asset Manager is responsible for optimising portfolio value and returns, on behalf of investors.
The Prospect
Key duties and responsibilities include:
- Developing and implementing asset management plans, including investment strategies, tenant retention strategies, value creation or sale strategies, and achieving financial goals and budgets with a view to optimise investor returns by maximizing rental income and property value.
- Managing budgets, monitoring income and expenses, ensuring timely rent collection, and analyzing financial performance to identify areas for improvement.
- Conducting market research to identify trends, opportunities, and potential risks related to the properties within the portfolio.
- Identifying and mitigating potential risks associated with property ownership, such as market fluctuations, property damage, or legal issues.
- Working with tenants and agents to attract and retain tenants, negotiating lease terms, and understanding tenant needs, goals and concerns.
- Working with the relevant Fund Manager to ensure that all financial and investment objectives are met through strong property performance. Preparing financial statements, business activity reports, and forecasts to keep stakeholders informed of portfolio performance on a monthly basis or as required.
- Ensuring properties comply with all relevant regulations, including building codes, environmental laws and planning scheme requirements / approvals.
- Recommending and overseeing property acquisitions, renovations, or dispositions to enhance the portfolio's value.
Preferred Background
- Tertiary qualifications in a commerce or a related discipline.
- Prior experience as an Asset Manager – retail sector experience preferred, but with an ability to work across all sectors.
- Experienced in best practice asset management, including relevant industry software.
- Collaborative approach and ability to work with a team, whilst providing direction and leadership as appropriate.
- An ability to build and manage strategic relationships with tenants, agents, colleagues and service providers.
- Well-regarded in the industry.
Mal Stuart .
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Management
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📌 Property Asset Manager
🏢 Sentry Recruitment
📍 Melbourne