JOB SUMMARY
The Real Estate Portfolio Manager is responsible for managing a diverse portfolio of real estate assets to ensure optimal operation, robust financial performance, and strategic expansion. This involves leading a team of property managers, liaising with multiple stakeholders, and strategising for the enhancement of the portfolio's value and returns.
DESCRIPTION OF RESPONSIBILITIES (not limited to)
Portfolio Oversight:
Oversee the management and operational integrity of a diverse portfolio of real estate properties.
Ensure properties are maintained to high standards and are compliant with all relevant regulations.
Property Acquisitions Operations & Ops Management:
Identify and evaluate potential property acquisitions aligned with strategic investment goals.
Execute property acquisitions, including due diligence, negotiation, and deal closure.
Develop and implement strategies to increase rent and non-Gross Leasable Area (GLA) income, minimize operating costs, and maximize property profitability.
Property Adoption:
Coordinate the transfer and handover processes between owners and internal departments.
Maintain continuity of property management and operations.
Expense Optimisation:
Maximise rental income through effective tenant management including placement, retention, and eviction processes.
Efficiently manage and recover costs to enhance financial performance.
Team Leadership:
Lead and mentor a team of property managers to foster professional growth and high performance.
Provide training and support to enhance skills and professional development.
Compliance & Reporting:
Ensure compliance with local zoning laws, regulations, and industry standards.
Maintain ethical practices and corporate governance standards.
Prepare and present detailed reports on portfolio performance, financial metrics, and operational KPIs to stakeholders and management.
Strategic planning & risk management:
Formulate and implement long-term strategies for property acquisition, disposition, and redevelopment.
Align property management strategies with business objectives.
Proactively identify and mitigate risks related to property operations and market dynamics.
Continuous Improvement:
Lead initiatives to optimize processes, adopt technology solutions, and apply best practices to improve operational efficiency and effectiveness.
CORE COMPETENCIES:
Skills/ Attitude:
Strong leadership and team management skills.
Excellent analytical and strategic thinking abilities.
Proficient in financial analysis and budget management.
Effective communication and negotiation skills.
Proactive and results-driven approach.
High ethical standards and professionalism.
Adaptability and resilience in a dynamic market environment.
Strong commitment to continuous improvement and innovation in business practices.
Knowledge:
In-depth knowledge of real estate markets, property valuation, and portfolio management.
Familiarity with local and national real estate laws, regulations, and compliance requirements.
Understanding of property maintenance and operations management.
REQUIREMENTS
A bachelor's degree in real estate, Business Administration, Finance, Economics, or a related field is essential.
A minimum of 5-7 years of experience in real estate management or a related field is required, including hands-on experience with property management, acquisitions, and strategic planning.
Must have own reliable transport to get to work and travel for work purposes.
Must reside in Pretoria area.
Note: This job description is a general outline of responsibilities and tasks and is not exhaustive. Other duties may be assigned as needed.
Employment will be implemented in accordance with the Employment Equity Act.
Only successful candidates will be contacted.
Starting date: 1 August 2024 (preferred).
Closing date: 10 July 2024.
Please forward your CV to ******
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