Property Fund Manager Needed in Saudi Arabia

Skills Provision is searching for a Property Fund Manager for a company in Riyadh, Saudi Arabia.

Our client is a financial institution based in Riyadh with a property portfolio in excess of $800m, they offer comprehensive integrated real estate expertise.

Salary and Benefits

• SAR 28000-32000 p/m
• Comprehensive benefits package

The Role

• Take full responsibility for sourcing acquisitions in line with Fund Strategy
• Ensure that the Fund performs in line with its performance objectives
• Preparation and implementation of Business plans including identifying value enhancement strategies for the fund’s assets
• Identify, progress and close individual and portfolio wide asset enhancement opportunities
• Oversee and co-ordinate property professionals in all new leases, lease renewals, rent reviews, lease restructures, disposals etc
• Work closely with local developers and real estate service providers
• At all times be up to speed with all investment management, asset management and material property management issues affecting the Fund

Requirements

• MRICS qualified, with at least 10 years’ experience ideally within a real estate investment management team with a fund/investment house.
• Proven track record in property fund management
• Previous involvement in development and joint ventures at a high level
• Track record in property investment management, including hands on investment acquisitions and disposals, ideally (but not essentially) in Middle East.
• Experience of hands-on value enhancement/asset management (e.g. lease re-gearing, refurbishments, surrenders and renewals)
• Effective man management skills (as relevant to managing property managers, valuers, lawyers and other consultants.)
• A good understanding of accounting principles and financial analysis
• Able to demonstrate creative/innovative thinking and show entrepreneurial flair

Skills Provision is an ethical international recruitment agency, as such our adverts do not discriminate with regards to age, race, gender, colour, creed, religion, sexual orientation, disability and nationality.