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Job Description
Job Description
JOB PURPOSE:
To generate the targeted leasing revenue from the FAB property portfolio (residential & commercial) in Abu Dhabi and Al Ain whilst maintaining a minimum of 90% occupancy level.
ACCOUNTABILITIES:
Strategic Contribution
Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
People Management
Manage the effective achievement of assigned objectives through the leadership of the Leasing department by setting of individual objectives, managing performance, developing and motivating staff to maximise sectional performance.
Lead the talent development initiatives for the assigned department, collaborating with technical /discipline experts and thereby ensure the availability of talent to fit business requirements.
Act as a role model and drive adherence to organisational values and ethics by employees of the assigned department to foster a value driven culture within the bank.
Budget and Financial Planning
Manage the preparation and recommend the department budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.
Policies, Systems, Processes & Procedures
Manage and ensure effective implementation of Real Estate functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, are fulfilled while delivering a quality, cost -effective service.
Continuous Improvement
Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reductions.
Reporting
Ensure that all unit reports are prepared timely and accurately and meet FAB requirements and the department’s policies and quality standards.
Job Specific Accountabilities
Generate the targeted revenue from the property portfolio in Abu Dhabi and Al Ain, in both residential and commercial sectors.
Maintain the occupancy rate of the portfolio at a minimum of 90% and a list of any vacant properties.
Oversee the selection and appointment of Brokers to actively market and promote the property portfolio, and assess their performance on an annual basis.
Ensure that 99% of collection of rent, security deposits, and tenant assistance fees are undertaken within the agreed timeframe i.e. 60 days from the issuance of leases.
Undertake benchmarking activities to monitor competitive activity in the property rental sector to ensure the FAB Properties pricing structure is aligned to market demand recommending rental adjustments or changes in leasing strategy as required.
Take over new properties and develop appropriate leasing strategies, to ensure highest occupancy in shortest possible timeframe.
Ensure all vacant properties/units are actively promoted and all buildings bear appropriate To Let Signage.
Make recommendation on layout and design to maximise potential income and obtain high occupancy rate.
Make recommendations to VP, PM & Leasing – AUH & AL Ain on rental pricing structure, and then negotiate with landlords.
Prepare and update rental list for website, designing promotional material for new properties as needed.
Conduct regular site visits to ensure properties are maintained to the required quality standards.
Act as a liaison point between landlords and owner’s representatives and prospective tenants.
Ensure the Leasing team deliver an engaging and unified customer experience to prospective and existing landlords/tenants.
Qualifications
Minimum Qualification
Bachelor’s degree in Arts (BA) or Sciences (BS) or another related discipline.
Minimum Experience
Minimum of nine years relevant experience in the property management and leasing sector in the UAE with at least three years in similar positions of progressively increasing managerial responsibilities in the Real Estate leasing function.
