Senior Associate

Job Description

Job Title: Senior Associate – Asset Management
Department: Asset Management
Location: Khalifa Park

Job Purpose

A detail-oriented and driven Associate to support the Asset Management function in managing a growing recurring income base across five key asset classes: Retail, Residential, Office, Leisure/Entertainment, and F&B. The role ensures delivery of strategic initiatives to maximize asset value, operational efficiency, and investment returns.

Roles, Responsibilities, and Duties

Strategic Planning & Portfolio Management:
• Support the business head in developing a detailed 5-year business plan aligned with the corporate strategy.
• Monitor and achieve Asset Management strategic scorecard KPIs and targets for the assigned portfolio of projects.
• Full P&L accountability for assigned real estate assets.
Asset Optimization & Operational Management:
• Lead the development of asset strategies and action plans to enhance asset value and NOI for existing properties.
• Conduct market analysis, benchmarking, and positioning to optimize asset performance.
• Review and challenge financial and operational targets.
• Manage routine operations conducted by affiliated or third-party property managers.
• Lead negotiations with external parties and service providers, ensuring compliance with operational standards and regulations.
• Conduct monthly business review meetings with Asset Operators.
Cross-Segment Initiatives & Quality Assurance:
• Design and implement cross-segment initiatives and destination management strategies to improve asset performance.
• Monitor initiative performance and develop action plans to align or enhance assets.
• Constantly monitor asset quality and standards in line with AM strategy.
Development & Feasibility Support:
• Provide inputs to the Development team on new assets and masterplans.
• Review project briefs and business plans; pressure-test key assumptions and recommend adjustments.
• Perform asset and masterplan feasibility studies.
• Recommend portfolio strategy in partnership with Development Management.
• Coordinate with Design & Delivery and other stakeholders for asset openings.
Stakeholder Management & Valuation:
• Liaise with internal stakeholders (development, marketing, facility management, finance, legal, procurement) and external stakeholders (operators, property managers).
• Conduct detailed annual asset valuations of the assigned portfolio.


Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• MBA, CFA, CPA, or CA certification preferred.
Experience
• Experience in asset management, portfolio management, consulting, finance, or similar role.
• Exposure to strategic initiatives or process improvement projects in real estate or investment management.
Competencies & Skills
• Proven ability to develop and implement winning asset strategies to enhance asset value and deliver high investment returns.
• In-depth knowledge of GCC real estate market dynamics and regulatory environment.
• Strong financial and operational capabilities; advanced Excel skills, P&L and balance sheet management.
• Experience with feasibility studies is a plus.
• Excellent interpersonal, negotiation, and stakeholder management skills.
• Ability to liaise, influence, challenge, and interact effectively with senior executives.
• Coaching and people development skills.
• Strong teamwork and collaboration skills.