Assistant Manager

2 weeks ago


Cairo, Egypt al futtaim group Full time
  • Develops and implements leasing plans and strategies to meet current and future market demands in retail leasing.
  • Conducts thorough market research to understand demand, customer preferences, property attributes, and competitor pricing strategies.
  • Compiles a target list of potential tenants, prioritizing high-end and flagship retail brands, and aligning them with property types.
  • Coordinates the creation of annual lease expiry profiles and devises exit strategies for retail tenants not meeting the agreed-upon mix.
  • Manages tenant engagement through site meetings to generate and maintain interest, aiming to achieve revenue targets.
  • Prepares proposals for new and renewal tenants, ensuring rates are in line with budget/ERV.
  • Negotiates and finalizes lease terms in compliance with SOPs, budgets, and other business conditions.
  • Ensures accurate documentation and adherence to legal procedures in lease agreements to avoid future litigation.
  • Oversees lease renewals and rental collection to prevent disputes and financial losses.
  • Proactively manages asset tenancy schedules to optimize DFC’s portfolio valuation.
  • Negotiates exit strategies for tenants no longer fitting the retail brand mix.
  • Collaborates with the Credit Control Department on accounts receivable status and payment plans.
  • Prepares monthly statements of negative accruals and other accounting provisions.
  • Oversees the preparation of progress reports, providing insights into current business status and proposing strategies to achieve or surpass targets.

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