Job Description

Job Title and Job GradeHead of Asset Management - Office
Job grade: E4Job PurposeTo develop a strategy to optimise the return for a portfolio of Office Assets, and to implement the strategy using a number of interventions including acquiring, developing or redeveloping and disposing of the assets. The incumbent would report to the Head of Asset Management: SA.Role LocationGrowthpoint Head Office in Sandton, Johannesburg. The portfolio of properties is in Johannesburg, Cape Town and Durban.Working Conditions

• Ability to work after hours and on weekends when required.
• Must have a hands-on approach to inspect the properties, and to meet with tenants and colleagues.

Direct SubordinatesThe position currently has the following 5 direct reports:
a) 3 x Asset Managers
b) Assistant Asset Manager
c) Personal AssistantBudget ResponsibilityFully responsible for compiling the consolidated budget for the portfolio of Office properties and manage / monitor the performance of budget throughout the year. Presentation of this budget to the Head of Asset Management: SA, Group Exco and The Property and Investment Committee.Duties and responsibilities1. Perform Asset Management Functiona) Participate as member of SA Exco
b) Member of following committees:
- Deal Forum
- Property Committee
c) 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
d) Adhere to and ensure that direct reports adhere to relevant levels of authority.
e) Perform corporate management functions in accordance with policies, procedures and legal requirements.
f) Perform corporate management functions within the allocated time frame.2. Manage Co-owned Properties.2.1. Responsible for asset management function of co-owned properties:a) Provide guidance to Portfolio Managers
b) Participate in Co-Owner meetings and attend ad hoc and development meetings.
c) Provide strategic direction.
d) Ensure accurate accounting for pro-rata profit share calculations and distributions.2.2. Manage co-owned properties in accordance with policies, procedures, and legal requirements.3. Manage budget:a) Keep abreast of economy and market in order to identify key threats and opportunities.
b) Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector.
c) Determine mandate for Asset Managers to achieve growth expectations for the Sector.
d) Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the Board-approved budget guidelines.
e) Submit the budget for approval to the Executive Directors and the Property Committee in accordance with policies and procedures.
f) Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions.
g) Ensure that spending is approved in accordance with procedures.
h) Compile the monthly asset management and financial report.
i) Monitor portfolio performance against budget monthly and take necessary remedial measures, if required4. Leading and Managinga) 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.
b) Implement Growthpoints approved transformation plan.
c) Conduct the Performance Planning and Performance Management for direct reportees.
d) Provide mentoring to senior staff members.
e) Create and implement a succession plan for your team5. Investment Research & Strategya) Collaborate with the Head of Asset Management: SA to formulate an investment strategy for Growthpoint SA, across sectors and geographic location.
b) Conduct in-depth research, in consultation with the Head of Asset Management: Sxc3x81 and the Research Department, in respect of
- Investment trends
- The Sectors performance, measured against identified peers, MSCI and other benchmarks
- Threats and opportunities
c) Conduct SWOT analysis at building/shopping centre level in order to draft specific asset management strategy for each asset.
d) Evaluate performance of each investment and make recommendations in respect of non-performing assets.
e) Manage the implementation of the asset management in accordance with policies and in terms of Delegations of Authority.6. Maximize return on investment.a) 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
b) Manage acquisitions.
- Identify investment opportunities meeting Growthpoint and the Sectors investment criteria.
- Conduct comprehensive feasibility studies and due diligence processes.
c) 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.
d) 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.
e) Manage insurance cover for the sector.
f) Ensure that valuations for the sectors are performed timeously and provide input to the Valuations Department and external valuers.
g) Manage assets in line with policies, procedures, and legal requirements.7. Sustainabilitya) Keep abreast of sustainability trends, technology and benefits.
b) Draft sustainability strategy including short-, medium- and long-term objectives.
c) Once the strategy has been approved, communicate, and implement the strategy.8. Trading & Developmenta) Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities.
b) Actively introduce Trading and Development opportunities from both the Sector and the market.
c) 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.9. Stakeholder Managementa) Development, promote and maintain client relationships
b) Identify relevant role players in accordance with business requirements
c) Compile a profile of major clients
d) Ensure that Growthpoints client experiences are tracked through an efficient client satisfaction survey.ExperienceMinimum 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

Media Linkshttps://growthpoint.co.za/

Growthpoint Properties