Al-Futtaim Hiring for Assistant Manager – Lease Administration Job at Dubai

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role

Responsible for maintaining and administering all supporting documents, data entry, and financial reporting required to assist the Regional Retail Leasing and Asset Management teams in carrying out their objective, this being the execution of the tactics of the AFGRE Leasing Admin strategy that is aimed at meeting AFGRE’s overall objectives as per the agreed timelines. This role will encompass the Regional team and support the Regional Lease Admin Manager.

What you will do

• Planning: Assisting the Regional Lease Admin Manager to prepare reports and tactics to support the overall Lease Admin strategy, as well as, consolidate and manage the effective operation of all regional reporting needs
• KPI’s: Working within the KPI parameters to ensure timelines are met and align with the vision and strategy of the overall Leasing dept.
• Financial Analysis and Reporting: Progress Reports: In collaboration with the Regional Lease Admin Manager prepares and maintains progress reports on weekly/monthly/annual basis as required by the Malls division, such as vacancy reports, renewals schedules, tenant documentation updates, rent concessions report, operational reports, KPI tracking and deliver all agreed reports on time to excellent quality.
• Tenancy Schedules: Maintains up to date tenancy schedules for the Regional Retail Leasing team at all times
• Tracking Sheets: Responsible for regularly updating and maintaining a centralized tracking sheet (including but not limited to renewals tracking, legal tracking, document tracking etc)
• Communication: Coordination between the regional business teams, EIT and selected vendors/implementation partners

Leasing Administration

In collaboration with the Leasing Admin Manager is responsible for leasing administration tasks as follows:

• Approvals: Liaison with Finance, legal and Senior Management for approvals as per the DOA
• Communication: Coordination with the Tenant as required
• Legal: Reviewing, drafting, and preparation of required legal documents in coordination with Group Legal
• Payments: Receiving payments from the tenants, ensuring correct payment is received and dealing with the Finance dept. regarding the same
• Quality Control: Working to ensure that information on all documents is correct and accurate, all relevant documents are received from the tenant, lease agreements are prepared as per the terms agreed upon between the tenant and landlord and matching signatures on documents and cheques against the POA provided by the tenant.
• Accurately document meeting actions, discussions and outcomes and maintain detailed audit trail at all times

Required Skills to be successful

• Sound knowledge of databases, financial systems and Excel, Yardi or similar
• Good interest and knowledge of leasing systems, terminology, best practice and reporting
• Experience of Finance, Reporting and Analytics and advantage
• Good spoken and written Arabic an advantage
• Able to comfortably liaise with both leasing teams and finance teams to provide a bridge for all communications
• Excellent organisation skills, ability to prioritize, proactive and has team spirit

Research, insights & analysis:

• Obtain & analyse information through effective intelligence gathering systems and interpretation of results

Planning:

• Ensure an effective leasing admin process and smooth workflow
• Implementation of key reports
• Implementation of new retail leasing systems and processes

Leasing programme implementation:

• Deliver and manage effective customer relationships and infrastructure for same
• Ability to sort and analyse financial as well as lease data

Measuring effectiveness:

• Establish, promote and use metrics to improve effectiveness
• use a system of critical review to make more informed future decisions

Managing people:

• Manage self
• Manage cross-functional relationships effectively

What equips you for the role

• Degree or equivalent level of education in any discipline preferable but not mandatory, dependent on previous experience and aptitude.
• 3-4 years’ experience in Lease administration, preferably in retail leasing/property management
• 2 – 3 years’ experience working with Yardi

About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.

About Al-Futtaim Malls
Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers.

Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt, Doha Festival City in Qatar and Zenata Mall, Morocco.

Leveraging on the expertise of its parent company, Al-Futtaim Malls established PLEX Management Services offering a full array of services including asset management and development, leasing, and brand experience expertise to shopping mall landlords and retail organizations globally. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.

For more information on Al-Futtaim Malls, please visit https://www.al-futtaimmalls.com/