Asset Management Manager

LMIRT Management Ltd

View: 101

Update day: 24-08-2023

Location: Central

Category: Real Estate


Salary: Negotiate

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Job content


Property Management

  • Oversee assigned properties/portfolio to ensure optimum property and performance not limited to tracking of NPI, CAPEX, OPEX and occupancy levels
  • Review and recommend to management leasing terms with guidance of Limits of Authority (“LOA”) to ensure leases contracted are favourable to the Trust
  • Collaborate with Mall Directors (“MDs”) to identify and resolve occupancy issues, recommend corrective action and follow-up
  • Review and monitor property capital expenditure against budget, schedule, and coordinate capital movement for capex and/or maintenance requirements
  • Review unbudgeted capex and property expenses.
  • Monitor the progress and timely completion of all capex works and asset enhancement initiatives with the assistance of the MDs
  • Monitor the rectification of defects in the malls identified through building audit

Portfolio Analysis

  • Monitor the financial and operational status of assigned properties/portfolio
  • Review property monthly reports and financial statements, analyse performance against budget, research variances, recommend and implement operational changes to meet performance objectives and budget


  • Review monthly overall occupancy, NPI, and WALE
  • Prepare quarterly Board Meeting papers and presentations

Property Risk Management and Compliance Activities

  • Follow up with Legal team to ensure land titles are renewed in a timely manner
  • Follow up with MDs to ensure all related building permits are renewed in a timely manner
  • Prepare Interested Party Transaction papers for Board approval

Acquisition & Divestment Activities

  • Review building audit report for potential acquisitions
  • Review commercial and financial feasibility of Asset Enhancement proposals
  • Preparation and review of related circulars


  • Bachelor Degree/Diploma in Real Estate/Real Estate Business/Project & Facilities Management or equivalent
  • Excellent communication and interpersonal skills
  • Possess strong analytical and financial skills
  • Travel to Indonesia may be required
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Deadline: 08-10-2023

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