Head of Asset Management – Industrial needed at Growthpoint Properties

Key Performance Areas:

Perform Assest Management Function

• Participate as member of SA Exco

Participate on the following committees:

• Deal Forum
• Property and Investment Committee
• Compile reports, analysis and specific tasks as may be required by the Board, Property and Investment Committee, any Board Sub-Committee, Exco Committee or as directed by the Head: SA Asset Management: SA
• Adhere to and ensure that direct reports adhere to relevant levels of authority.
• Perform corporate management functions in accordance with policies, procedures and legal requirements.
• Perform corporate management functions within the allocated time frame

Manage Co-owned Properties

• Responsible for asset management function of co-owned properties:
• Provide guidance to Portfolio Managers
• Participate in Co-Owner meetings and attend ad hoc and development meetings.
• Provide strategic direction. 
• Ensure accurate accounting for pro-rata profit share calculations and distributions.
• Manage co-owned properties in accordance with policies, procedures, and legal requirements.

Perform Asset Management Function for External Clients

• Perform asset management function for external clients as per specific applicable asset management agreements. 

Manage Budget

• Keep abreast of economy and market in order to identify key threats and opportunities.
• Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector.
• Determine mandate for Asset Managers to achieve growth expectations for the Sector.
• Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the budget guidelines.
• Submit the budget for approval to the Executive Directors and the Property and Investment Committee in accordance with policies and procedures.
• Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions.
• Ensure that spending is approved in accordance with procedures.
• Compile the monthly asset management and financial report.
• Monitor portfolio performance against budget on a monthly basis and take necessary remedial measures, if required.

Investment Research & Strategy

• Collaborate with the Head of Asset Management: SA to formulate an investment strategy for Growthpoint SA, across sectors and geographic location.

Conduct in-depth research, in consultation with the Head of Asset Management: SA and the Research Department, in respect of:

• Investment trends
• The Sector’s performance
• Threats and opportunities
• Conduct SWOT analysis at building level in order to draft specific asset management strategy for each asset 
• Evaluate performance of each investment and make recommendations in respect of non-performing assets
• Manage the implementation of the asset management strategy in accordance with policies and in terms of Delegations of Authority

Maximise Return on Investment 

• Manage assets
• Ensure that the Industrial Sector performs in line or better than MSCI benchmarks 
• Dedicated focus on maximising return on investment and capex
• Assisting in the drafting and implementation of policies and procedures applicable to the sector and the business as a whole.
• Manage acquisitions
• Identify investment opportunities meeting Growthpoint and the Sector’s investment criteria
• Conduct comprehensive feasibility studies and due diligence processes
• Manage disposals
• Implement the Investment strategy as devised in terms of disposals
• Develop disposal strategy (with the Head of Disposals) including compilation of sales budgets and price determination
• Identify and manage development opportunities in collaboration with the Development division:
• Manage extensions and redevelopments of existing properties i.e. timing, feasibility, tenant liaison and financial control
• Analyse Greenfield developments to assess suitability in terms of location, viability, risk, etc. 
• Analyse Brownfield developments to enhance properties through redevelopment, leasing and addressing tenant needs 
• Manage insurance cover for the sector
• Ensure that valuations for the sectors are performed timeously
• Manage assets in line with policies, procedures, and legal requirements

Sustainability

• Keep abreast of sustainability trends, technology and benefits
• Draft sustainability strategies including short-, medium- and long-term objectives
• Once the strategy has been approved, communicate, and implement the strategy

Trading & Development 

• Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities
• Participate in the drafting of the Trading and Development Division’s income budget.
• Assist in the implementation of the approved budget
• Actively introduce Trading and Development opportunities from both the Sector and the market
• Ensure that the asset management function is fulfilled in respect of Industrial properties in the Trading and Development Division in so far as same is required

Stakeholder Management

• Development, promote and maintain client relationships
• Identify relevant role players in accordance with business requirements
• Compile a profile of major clients
• Ensure that Growthpoint’s’ client experiences are tracked through an efficient client satisfaction survey

Experience

• Minimum 10 years with Industrial property experience (at asset management level), with a minimum of 5 years senior/executive management

Education

• Relevant tertiary qualification (e.g. Finance or Built Environment)
• Property Practitioner Act Compliance