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Associate - Asset Management (ASS00099)

Real Estate - Asset Management - Asset Management
Job Description
We are seeking a talented and dynamic Associate – Asset Management at Mumbai for one of the largest Industrial real estate developers with presence across India.

Educational Requirement and Work Experience
Education Requirements: Bachelor's Degree preferably with a post graduate Management degree
Work Experience Requirements: Overall 7+ years
Should have worked in large Indian or Multinational corporation, having dynamic and face-paced environment and highest levels of service delivery.
  • Leverage expertise in financial modelling to evaluate existing investments
  • Assess and analyze Investment Rate of Return (IRR), Return on Investment (ROI), and Multiple on Invested Capital (MOIC) for the investments in his span of control
  • Develop and maintain sophisticated financial models for accurate performance forecasting.
  • Utilize financial metrics to guide strategic decision-making in asset management.
  • Proactively identify and assess potential problems across various project sites.
  • Conduct thorough risk assessments to pre-empt challenges in project execution
  • Collaborate with site teams to anticipate and address potential issues before they escalate.
  • Develop and implement risk mitigation strategies to minimize project disruptions
  • Provide expertise in assessing the financial viability and market attractiveness of potential lease options and its impact of project returns
The role thus require you to be owner of the asset under your span of control and evaluate the asset from projects, leasing, compliance, and Investment returns perspective.

The role is part of Asset Management team and reports to Principal - Asset Management.
The incumbent is expected to collaborate with the other members of leadership team, to ensure that assets are developed in line with and perform up to underwriting estimates. This encompasses all commercial/business aspects of the project including decisions on master planning, leasing, development and operations.

Essential Accountabilities:

1. Strategy
  • Develop and deploy company-wide asset management and capital planning strategies, policies, processes, and procedures, in a dynamic and accelerated growth environment
  • Develop and deliver competitive execution strategies to ensure the growth of business while consistently delivering on project commitments in terms of approved KPIs.
  • Provide strong leadership to ensure that the company’s reputation as a world-class warehousing developer and provider is enhanced in the marketplace.
2. Operations Management
  • Handle the responsibility for the preparation and presentation of annual budget, annual operating plans, capital and operating expenditure and cost improvements, cash flow analysis, cash management, etc.
  • Develop and implement short-term, intermediate, and long-term plans to manage the day-to-day operations, improve performance by maximizing revenue and minimizing expenses.
  • Benchmark property operations against industry standards and market conditions, including net operating income, operating expenses, gross revenue, vacancy, turnover, return on investment and cash flow
  • Ensure reporting and regular reviews to discuss achievements of targets. Analyze property operations and financial reports to assess property performance and ensure long term viability
  • Develop and standardize reports, procedures and methods to improve compliance monitoring, complete portfolio analysis and summary reports
  • Establish a safety culture and quality system for the region with the safety oversight across existing and new assets
  • Collaborate with the Sales/ Commercial organization that can develop and win new clients and then execute those contracts to maximize profitability and targets
  • Establish capital needs plans and preventive maintenance plans/contracts for the portfolio
  • Build, monitor and mentor teams across different locations
3. Growth & Expansion
  • Support leasing and client engagement team for new business acquisition, design of new product offerings, superior service delivery, etc.
  • Support leasing and client engagement team for new business acquisition, design of new product offerings, superior service delivery, etc.
  • Prepare operating budgets and coordinate with other stakeholders, consultants and other third parties. Monitor and manage funds available for possible use in future developments
Key KPIs:

1. Asset and Capital Management
Asset Performance Ratio: A measure of asset performance against the underwriting estimates.\

2. Project Planning and Execution
  • Project Cost Variance: Comparison of actual project costs against the planned budget.
  • Project Timeline Adherence: Percentage of project milestones achieved on time.
3. Leasing and Marketing
  • Lease Occupancy Rate: Percentage of leased space against the total available space.
  • Lease Renewal Rate: Percentage of leases renewed.
  • Client Acquisition Rate: Number of new clients acquired over a specified period.
4. Reporting and Analysis
  • Accuracy of Reporting: Accuracy of financial and operational data reported.
  • Timeliness of Reporting: Adherence to reporting schedules.
  • Strategy Development and Execution
  • Execution Strategy Effectiveness: Measure of the effectiveness of execution strategies in terms of project commitments and approved KPIs.
  • Policy Compliance Rate: Level of compliance with asset management and capital planning strategies, policies, processes, and procedures.
5. Operations Management
  • Budget Adherence: Variance between actual spending and budgeted amounts.
  • Operational Efficiency: Assessment of operations against industry benchmarks such as net operating income, operating expenses, and return on investment.
6. Quality and Safety Management
  • Safety Compliance Rate: Adherence to established safety standards and protocols.
  • Quality Compliance Rate: Adherence to quality standards and benchmarks.
7. Team Management and Development
  • Team Performance Index: Performance of teams across different locations against set targets.
  • Employee Training Completion Rate: Percentage of mandatory training completed by team members.
  • Growth and Expansion
  • Client Retention Rate: Percentage of existing clients retained.
  • New Client Acquisition Rate: Number of new clients acquired over a specified period.
8. Client Engagement
  • Client Satisfaction Index: Derived from feedback and surveys from clients.
  • Service Delivery Rating: Rating of service delivery against industry standards or client expectations.
9. Financial Performance
  • Return on Investment (ROI): Measurement of financial returns against the invested capital.
  • Net Operating Income Growth: Growth rate of net operating income over a specified period.
10. Lease Negotiation and Structuring
  • Successful Lease Negotiation Rate: Number of successful lease negotiations completed over a specified period.
  • Lease Structuring Efficiency: Assessment of lease structuring in terms of maximizing property value and return on investment.

Job Requirement
Key Behavioral Capabilities
Experience in leading the multi-site asset management operations with a Real Estate Fund or Real Estate Company / Developers
Strong track record of lease negotiations & structuring, navigating the client engagement/ business development process, improving net operating income, with the goal of maximizing property's value and return on investment
Demonstrated performance with maximizing occupancy with maximizing revenue
Overseeing the day-to-day operations and maintenance of the properties
Remarkable track record of delivering on revenue, margins, operations excellence & quality and margin improvement targets