- Stellenbosch
- Salary: Market Related
- Job Type: Permanent
- Sectors: Retail
- Reference: copy-918786
Vacancy Details
Employer: Michelle Cloete Consulting Pty Ltd
The primary objective of this role is to take absolute ownership of the portfolio’s financial performance (with a strict focus on maximizing Net Operating Income), drive tenant retention strategies across varying asset classes, and ensure rigorous operational and statutory compliance.
KPA's:
Financial & Commercial Management (NOI Optimization)
- Budgeting & Forecasting: Prepare, manage, and take ultimate accountability for the annual income and expenditure budgets across all assets in the portfolio.
- NOI Growth: Identify and implement strategies to maximize Net Operating Income by driving rental growth, reducing vacancies, and strictly controlling operating expenses without compromising asset quality.
- Reporting: Compile monthly management reports for the Regional Head, detailing financial performance, variance analysis, leasing activity, and risk mitigation strategies
Tenant Retention & Relationship Management
- Stakeholder Engagement: Act as the point of escalation and relationship manager for key tenants across the Commercial, Retail, Industrial, PBSA, and Residential sectors.
- Retention Strategies: Proactively manage lease expiries. Initiate renewal negotiations well in advance (tailored to the specific asset class) to maximize the Weighted Average Lease Expiry (WALE) and minimize void periods.
- Leasing & Marketing
- Vacancy Management: Drive the letting of vacant space. Appoint, brief, and manage external leasing brokers where necessary, while actively pursuing direct deals.
- Lease Negotiation: Negotiate commercial terms (rentals, escalations, Tenant Installation allowances, beneficial occupation) in line with approved mandates.
Operational & Facilities Oversight (Matrix Management)
- Functional Direction: Provide strategic and functional oversight to the dedicated Facilities Manager, ensuring the physical assets are maintained to the highest standards.
- SLA Management: Ensure that shared services (FM) and external contractors adhere to strict Service Level Agreements (SLAs) regarding planned preventative maintenance (PPM), reactive maintenance, cleaning, and security.
Leadership & People Management
- Direct Supervision: Lead, mentor, and manage the performance of the Property Administrator, ensuring high standards in lease administration, query resolution, and day-to-day tenant communication.
- Cross-Functional Collaboration: Foster a highly collaborative environment between Property Management, Facilities Management, and Finance to ensure a seamless, "one-team" approach to portfolio management.
- Performance Reviews: Conduct regular KPIs assessments and development discussions with direct reports.
Required Skills
- Asset Management: 4 to 5 years
- Property Finance: 4 to 5 years
- Budgeting Management: 4 to 5 years
- Stakeholder Relationship Management Skills: 4 to 5 years
Candidate Requirements
Mimimum requirements:
Bachelor’s Degree in Property Studies, Real Estate, Finance, or Business Management
Experience:
- Minimum of 5–7 years of experience in a Property Portfolio Management or similar role.
- Crucial: Proven experience managing a diverse, multi-sector portfolio. Specific exposure to Private Student Accommodation (PBSA) and Retail alongside traditional Commercial/Industrial assets will be a distinct advantage.
- Demonstrated experience holding bottom-line accountability for NOI and financial reporting.
- Experience in matrix management (collaborating with and directing shared services/facilities teams).
Skills & Competencies:
- Deep understanding of commercial property law, lease agreements, and the Consumer Protection Act (CPA) / Rental Housing Act (RHA) as it applies to the residential/student components.
- Strong financial acumen with the ability to interpret income statements, manage budgets, and calculate yields.
- Excellent negotiation and conflict-resolution skills.
- High EQ with the ability to adapt communication styles across a diverse tenant base (from corporate CEOs to university students).
- Proficiency in MDA, MRI
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