About the Role
The position involves managing the administration of real estate, property, and finance to identify, evaluate, propose, and finalize new real estate ventures for various business units. This includes managing relationships with the Central Bank regarding the renewal and closure of premises while acting as the central interface between administration and business groups on financial approvals, compliance, risk issues, vendor payments, and management reporting. The role requires overseeing the operational and financial performance of all owned or refinanced properties, ensuring effective management of building operations to safeguard the real estate investments. Strong leadership skills are essential to motivate and guide teams towards achieving financial goals and efficient property management across various locations in the UAE.
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Key Result Areas
Finance Management and Operational Control:
- Develop and manage finance strategies for the portfolio supporting business plans for premises, offices, and properties.
- Implement controls for timely vendor payments and manage financial budgets for owned buildings.
- Monitor expenses in accordance with the defined policies and review Standard Operating Procedures (SOPs).
- Ensure accurate rent chargeability, utilities, and maintenance for occupied properties.
- Supervise monthly financial reconciliations and manage the issuance of Local Purchase Orders (LPOs) through Oracle System.
Own Property Management:
- Ensure full occupancy of the bank’s properties and manage timely rent collections.
- Review market rates to maximize rental income and oversee lease negotiations and renewals.
- Conduct evaluations of owned properties and develop strategies for cost savings and effective asset management.
- Prepare comprehensive documentation and coordinates approvals with relevant legal and departmental bodies for property transactions.
Global Real Estate Management:
- Maintain high occupancy rates and optimize rental yields for branches, EBSU, and office premises.
- Collaborate with legal and commercial recovery units on refinancing and regulatory compliance.
- Ensure timely collection of rents and submission of property returns to regulatory authorities and manage lease negotiations to secure savings.
Bank Car, Visa, Asset, and Telephone Operators Management:
- Organize visa applications for staff travel and manage vehicle registrations and insurance for bank vehicles.
- Supervise telephone operators and manage assets in the Oracle system, ensuring optimal utilization.
Audit and Risk Management:
- Provide support for audits and manage compliance activities, ensuring adherence to audit recommendations and risk management frameworks.
MGN Overseas Central Global Management Activities:
- Oversee financial and real estate matters for branches across different countries, ensuring compliance with procurement and invoicing processes.
- Strengthen stakeholder relationships to negotiate favorable deals and maintain high ethical standards in all transactions.
Knowledge, Skills, and Experience:
- A graduate or equivalent with a minimum of 10 years of experience in the industry.
- Self-motivated with strong consultative skills and solid cost management experience.
- Excellent command of English, both spoken and written, with practical experience in procurement and real estate management.
- Familiarity with local regulations, vendor management, and building controls is crucial.
- Strong computer skills including MS Office, knowledge of relevant financial and real estate systems.
Benefits:
- Competitive salary and benefits package.
- Opportunities for professional development and growth within the organization.
- A supportive working environment aimed at achieving financial efficiency and compliance.
Contract and Travel Details:
- This position may require domestic and international travel for property inspections, negotiations, and training.
- Must be flexible in working hours to accommodate the needs of multiple projects and teams.
