Manager Properties Portfolio (Pension Fund)

Job Description

The Property Portfolio Manager will be appointed to grow with the Fund’s Direct Property division, and gain exposure to manage and grow the various asset classes making up the Pension Fund’s Direct Property Portfolio. The primary goal will be to ensure the medium- and long-term growth of the Property portfolio, to ensure that the investments made has a sustainable capital value growth and yield, to the benefit of the Pension Fund members over the medium and long term.

Requirements

• Relevant University Degree (Commercial, legal, property management OR built environment related)
• 11 years relevant experience
• Experience in the South African Commercial Property Industry and Asset Management
• Experience in the Commercial Property, Retail & Leasing Industry
• Working knowledge and understanding of Financials and Budgeting processes applicable to commercial property management
• Working knowledge and experience in interpreting Lease contracts and legal processes on commercial properties
• A background knowledge of Commercial Construction, Property Development, Project Management as well as Contracting Law and Procedures

Responsibilities

• Monitor the macro-economic, commercial property and retail environment to develop optimum leasing and investment strategies, relating to the existing asset base in South Africa
• Develop and build relationships with key role-players in the Property Industry such as Co-owners, Developers, Tenants, Service Providers and Local Government
• Develop asset specific strategies relating to life cycle of assets as well as strategic expansions, marketing, upgrades, and re-developments to ensure relevance of assets in the market. This requires specialized skills to understand the macro-economic environment and strategic landscape. (This includes the management of Capital Projects in consultation with the Manager Property Development in terms of the life cycle of the assets.)
• Develop operational budgets and forecasts for assets to plan and measure income & expenses on an on-going basis
• Financial analysis and monthly monitoring of expenditure at assets to ensure spending occurs within the budgetary requirements and to ensure a return for members of the Fund
• Actively manage processes to ensure that renewals, new leases are market related rental adjustments are done responsibly to ensure sustainability and reduce vacancies, protect asset values and income stream for assets
• Develop and improve processes and controls to ensure efficiency gains in the management of assets, such as communication between tenants, credit control, 3rd party management staff and legal services to improve the rate of rental and arrears collection
• Provide written reports and feedback per asset to the quarterly Investment Committee on: Property Portfolio performance; Developments and expansions; Strategy & Opportunities, and Risks & Legal requirements
• Develop processes to align and refine management process to comply with good Corporate Governance and reporting
• Mentor and coach centre management and 3rd party management teams to improve level of performance
• Assistance in the planning, review and negotiation of new property developments and acquisitions to ensure sustainability and expansion of the Direct Property Portfolio such as: Review and adjudication of Development proposals in consultation with the Property Development Manager and Property Investment Officer to effectively implement the Direct Property Strategy. Review and adjudication of Acquisition proposals in consultation with the Property Development Manager and Property Investment Officer to effectively implement the Direct Property Strategy
• Implementation and adherence to Occupational Health and Safety requirements to ensure compliance applicable at assets
• Annual review of Insurance to ensure that assets are sufficiently covered
• Provide input to external valuers and ensure that valuations are conducted timeously and are accurate, this requires specialized input from the incumbents
• Manage the legal and reputational issues for Sasol and Sasol Pension Fund to prevent negative publicity and exposure