Leasing Manager 1 view

Job Requisition ID: 163957

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role

To manage Leasing activities of all Al Futtaim Retail Brands in their expansion while maintaining relationship with all of our landlords with regards to the contractual obligations as per the lease across MENA.

 What you will do

• To work closely with Group Administration and retail operations of each brand to process new trade licenses and timely renewal of existing trade license, chamber of commerce certificates etc for all of our retail stores.
• To coordinate with respective business analysts, finance and ensure that all rental payments as per the lease agreements are processed on time and disbursed accordingly.
• To serve notices on due dates to Landlords and coordinate with Finance and arrange audit reports (confirmation of Gross Sales) from external Auditors and furnish the same to the respective Landlords on a timely manner.
• Evaluates leasing opportunities received from prospective Landlords / Developers, obtains all relevant information, to discuss the same with Head of Leasing and if satisfied to do feasibility for Management’s approval.

• Negotiates commercial terms (based on the guide lines) for kiosks, shop in shops and line shops for various retail brands and gives recommendation to Head of Leasing.
• Ensures accurate filing of all information and agreement, so as to enable the company to refer to it in its relationship management with respect to rent payment, renewal, extension, transfer as well as to serve as a point of reference in case of any litigation.

• Works closely with the Group Legal to review the documents (Agreement to Lease, Lease Agreement etc), communicate the comments and negotiate the document with Landlords.
• To coordinate between the Landlord and Store Development Team for a smooth functioning of fit out of retail stores.

• To provide timely reports to the Management on occupancy cost, month wise cash flow planning and many other KPIs.

Required skills to be successful

• Teamwork
• Policies and Procedures
• Financial skills
• Administrative Skills
• Communication
• Professional Knowledge
• Must be able to speak and understand English & Arabic
• Commercial awareness
• Strong customer service skills with a friendly approach
• Excellent command of English language.
• Excellent command of Arabic language is preferred

What equips you for the role

• Education: Bachelor’s degree
• Minimum Experience and Knowledge:  3-4 years of experience
• Administrative Skills: Is able to manage information and all documents related to Lease Agreements in a systematic manner; is organised; and has the ability to handle multiple tasks whilst maintaining consistency and accuracy.
• Policies and Procedures: Is fully aware of the legal requirements; terms and conditions related to Lease Agreements, and coordinates to ensure tenant’s compliance to Company’s policies relating to the same. Also advises and guides others on such issues accurately.
• Financial skills: Has a basic financial skill, so as to manage all financial information related to lease agreements. Should be able to prepare relevant documents relating to lease proposals, offers and counteroffers.