Asset Manager

Job Description

• The Asset Manager will be responsible for driving the financial and operational performance of an allocated property portfolio. This is a highly strategic role focused on maximising asset value, improving Net Operating Income NOI, managing risk and identifying opportunities to enhance portfolio performance through data-driven decision-making and market analysis.
• Working closely with executive leadership, property management, leasing and facilities teams, the successful candidate will develop and implement asset strategies that optimise returns while ensuring long-term portfolio growth.

Key Responsibilities

Portfolio & Asset Performance

• Take ownership of the performance of an allocated property portfolio.
• Lead monthly management meetings and report portfolio performance to Executive Management.
• Monitor financial performance, vacancies, arrears, legal matters and operational KPIs.
• Develop and implement strategic asset plans for individual properties.
• Drive initiatives to improve portfolio returns and operational efficiencies.
• Identify underperforming assets and implement corrective action plans.
• Review and optimise property life cycles and recommend disposal or acquisition opportunities.

Financial Management

• Prepare, manage and review annual operating and capital expenditure budgets.
• Perform ongoing forecasting and variance analysis against budget.
• Conduct investment analysis, property valuations and financial modelling.
• Analyse income statements, balance sheets, cash flows and asset performance.
• Monitor and improve Net Operating Income NOI.
• Review rental proposals and approve commercial terms within delegated authority.

Strategic Asset Management

• Develop tactical and operational strategies for each asset.
• Conduct market and competitor analysis.
• Monitor demographic trends and assess portfolio risk exposure.
• Identify value-enhancing opportunities across the portfolio.
• Evaluate potential acquisitions, developments and asset disposals.

Reporting & Analysis

• Prepare weekly and monthly executive reports.
• Produce portfolio benchmarking and operational performance reports.
• Maintain accurate market intelligence and comparable rental data.
• Oversee annual property valuations.
• Track weighted average lease term WALT performance against targets.

Property & Risk Management

• Ensure property information and records remain accurate and up to date.
• Maintain asset registers and property management data.
• Support facilities management planning and capital projects.
• Monitor property operating expenses and implement cost-saving initiatives.
• Assist with risk management reporting and compliance.

Minimum Requirements

• BCom Degree essential.
• Postgraduate studies in Property Studies or related field advantageous.
• Proven experience in commercial property or asset management.
• Strong financial, analytical and commercial acumen.
• Solid understanding of property investment principles and valuation methodologies.
• Experience managing operating and capital expenditure budgets.
• Strong knowledge of financial reporting and performance analysis.
• Advanced Microsoft Excel skills.
• Proficiency in Microsoft Office Suite.
• Experience using MDA Property Management software will be advantageous.

Key Competencies

• Strong commercial and strategic thinking ability.
• Excellent analytical and problem-solving skills.
• Financial modelling and investment analysis capability.
• Strong budgeting and forecasting skills.
• High attention to detail and accuracy.
• Excellent presentation and reporting skills.
• Strong communication and stakeholder management abilities.
• Ability to build relationships with tenants, service providers and internal stakeholders.
• Self-motivated with a proactive and entrepreneurial mindset.
• Strong planning, organisation and project management skills.