Senior Manager: Asset Management at Transnet

Position Purpose:

• Ensure sustainable capital and net property income growth of the property portfolio through strategic asset management.
• Enhance the property portfolio through collaboration with Development Management unit to re-develop existing properties (acquiring and developing assets to complement the existing portfolio).
• Improving market valuation of the portfolio.
• Report relevant company activities and property portfolio performance to TP Exco and other organisational structures.
• Management of the asset management unit to operate seamlessly and achieve set targets.
• Contribute to the formulation of and be the champion of the asset management strategy and the implementation thereof.

Position outputs:

• Increase income returns from property assets and reduce expenses within the portfolio by applying initiatives to increase the value of the property assets.
• Drive the leasing of the properties to derive maximum value in the assets through strategic and systematic leasing.
• Guide Property Management team in the development of Strategic Leasing Plans for the Regions.
• Maximizing the Non-GLA property income
• Monitor that the rollout of repairs and maintenance of properties are cost effective and within approved budget.
• Provide input in the compilation of annual operational budgets and adherence thereto by the Property Management regions.
• Ensure operational expenses are adequately controlled by the Regions and Facilities Management teams.
• Ensure implementation of Credit Control Operating Procedure to increase collections of arrear tenant payments.
• Proactive management of vacancies.
• Ensuring the property management function assists asset management in delivering the required returns on investments.

Enhance and grow the property assets

• Strategically reposition the property portfolio by collaborating with New Business Development and Development Management units in initiating discussions for new developments, re-developments, and securing development rights on the identified properties.
• Ensure compliance with Health & Safety regulations across the portfolio.
• Ensure Master Development Plans are in place for each property.
• Ensure implementation of Standard Operating Procedure manual for property management.
• Monitoring performance of Property Management in terms of set KPIs.
• Drive and monitor the operational capital expenditure spend on the existing portfolio to ensure appropriate investments on plant, machinery and equipment operated within the portfolio
• Ensure each property has a 5-year capital replacement / repairs and maintenance plan.
• Ensure that open market valuations for year-end purposes are done
• Ensure that the portfolio capital requirements are in line with set treasury parameters.

Strategic Relationship Management

• Build and maintain relationships within the Property industry as well as with government and other business stakeholders.
• Develop business network with national tenants, strategic tenants, and property brokers to achieve strategic objectives.

Operational risk management and regulatory compliance

• Ensures that the overall enterprise-wide risk management system is effectively implemented through best management practices within the portfolio.
• Formulate standard operations and facilities management, leasing and administration strategies and procedures for the property portfolio.
• Ensure processes and procedures are in place within the portfolio for regulatory compliance
• Ensure compliance with the organisation’s policies and procedures within the portfolio.
• Implement audit recommendations and resolve audit finding within the set timeframes.

Management of Personnel

• Motivate staff through effective management of performance contracts and implementation of personal development plans.
• Propose changes to department structure, where necessary, to improve the department’s performance.
• Develop the succession plans for key positions in the department.
• Promote staff placements that support the organisation Equity Plan.
• Monitor the implementation of individual development plans.

Reporting

• Produce Exco reports on the portfolio performance and provide comments on material result variances.
• Arrange monthly meetings where Property Management teams to report on the portfolio performance against the set targets.

Qualifications & Experience:

• A relevant B Degree in Property Studies, Commerce, Law, Built Environment or equivalent
• Post Graduate qualification will be an advantage
• General business administration or project management programme will be an advantage
• Relevant professional registration
• Minimum of 10 years’ experience in Property Investments and/or Asset Management, of which at least 5 years at a senior managerial level
• Experience in leading large and complex property portfolio in retail, office and industrial space will be an advantage
• SAPOA and SACSC Property specific courses
• Requirement of Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19

Knowledge

• Financial Modelling
• Scenario Planning and Analysis
• Investment Management
• Market Analysis
• Development Lease Management
• Tenant Mix Analysis
• Benchmarking
• Investment Portfolio Management
• Knowledge of property and asset management principles
• Performance Management

Competencies:

• Strategy & Sustainability
• Inspirational Leadership
• Business Performance and Delivery
• Relationship Management
• Corporate Governance & Compliance
• Personal Mastery