Purpose & Overall Relevance for the Organization:
This role is responsible to support and implement the Real Estate department strategy andhelping the continuous improvement of the real estate processes.
Key Responsibilities:
- Preparation of Business Plan Models (using internal template) and lease summary deals for internal approvals.
- Prepare reports and summaries by cluster as needed – rent savings, renewals etc.
- Collaboration across Emerging Markets Central Real Estate team to drive a structured and consistent approach to Portfolio Management and Lease Administration Management.
- Collaboration across Emerging Markets Central Real Estate Team and Store Development Team to ensure consistency and delivery of the Roll-out plan and Monthly financial forecast which includes new stores, renovations, relocations and closures.
- Support the Real Estate Managers in all real estate related functions.
- Drive Real Estate operational ongoing initiatives for Retail initiatives, communicating and tracking progress.
- Support in preparing annual portfolio reviews including but not limited to lease renewals, renovations – work with existing portfolio.
- Review corporate lease agreements and prepare tracking of legal comments for different stakeholders.
- Facilitate and/or take part in the corporate lease negotiations internally and externally.
- Coordinate with Legal Departments to execute all legal documents pertaining to corporate real estate.
- Coordinate between landlords, leasing consultants and internal departments to resolve any corporate leasing related concerns.
- Liaise with finance team (accounts) for all payment related matters i.e. invoices, refunds pertaining to corporate lease contracts.
- Review and record rent reductions and rent savings, using the provided template.
- Ensure Emerging Markets Central lease guidelines is adhered to.
- Maintain ownership of Lease Management System to ensure payment accuracy and control of key lease events, mitigation of financial demands and ensuring compliance to Lease requirements.
- Review, communicate, implement, and ensure compliance of Global related real estate policies.
Key Relationships:
- Internal – Real Estate, Retail Operations, Franchise, Finance, Legal & Compliance, HR, Buying & Merchandising.
- External – Landlords, Managing Agents and external vendors.
Knowledge, Skills, and Abilities:
- Intermediate to advance MS office (PPT, Excel etc) skills.
- Knowledge of basic Excel formulas functions as an advantage: index match, vlookup, pivot tables.
- Strong writing, communication, and project / time management skills.
- Excellent attention to detail in reviewing and abstracting key data from Leases and other contract documentation.
- Proven ability to work cross functionally to achieve goals and objectives.
- Ability to work independently on multiple projects.
- Strong knowledge in Real Estate regulatory controls and policies across UAE.
- Ability to consolidate information from different stakeholders into one document.
- Commercial mindset – availability to analyse basic commercial information (rent comparison, store P&L, offer letters – advantage).
Requisite Education and Experience / Minimum Qualifications:
- Bachelor’s Degree – Real Estate, Business Administration, Management is preferable.
- 3-5 years relevant retail real estate experience.
- Knowledge of Lease Management Systems and/or working in a Lease Administration function.
- Experience within Real Estate function in Retail companies is an advantage.
- Fluent in English (written and verbal). Arabic is an advantage.