Commercial Asset Manager
6 days ago
Job Description:
High-Growth propco with £1bn in assets. The business is the property arm of a private family office, with significant financial backing. They are seeking a Commercial Asset Manager to join the dynamic and growing team. The successful candidate will be responsible for the proactive management of a commercial property portfolio, ensuring high standards of tenant relations and financial performance.
Key Responsibilities:
Lease Management: Monitor, negotiate, and manage tenants’ lease events, including rent reviews, break clauses, and expires.
Lease Interpretation: Familiarise with and interpret standard commercial lease terms from leasing documents.
Agent Management: Instruct and oversee letting agents on vacant commercial properties.
Negotiations: Review, negotiate, and agree on Heads of Terms (HOTs) with prospective tenants via instructed agents.
Data Management: Ensure property data is accurate, up-to-date, and maintained on our central system, particularly regarding lease, service charge, and insurance for all lease events.
Financial Oversight: Understand tenant rent statements, investigate discrepancies, and manage annual insurance renewals to ensure best value.
Billing and Claims: Ensure accurate billing of recoverable insurance premiums, manage insurance claims, and oversee county court claims and post-judgment recovery actions.
Tenant Applications: Handle all applications for consent, including alterations, assignments, and underlettings.
Cost Management: Minimise vacant property costs, including business rates and utility charges.
Compliance: Ensure block/building level compliance with statutory audits (health & safety, fire, asbestos, water risk assessments) and manage business rates matters with the VOA.
Service Charge Management: Prepare and approve service charge budgets, demands, and apportionments; oversee Section 20 procedures and communicate projects to tenants.
Accounts Liaison: Collaborate with the accounts department for end-of-year service charge reconciliations and oversee the recovery of relevant recharges and service charge arrears.
Repair and Tender Management: Oversee repair quotes and tenders to ensure costs are forecasted and recovered correctly with adequate tenant notice. Requirements:
Minimum of 5 years of comparable experience in commercial asset management.
Comprehensive knowledge of relevant legislation.
Strong commercial and financial acumen.
High accuracy and attention to detail.
Excellent organisational skills, with the ability to prioritise, manage time efficiently, and meet deadlines.
Superior communication and writing skills.
Strong influencing and negotiation skills.
Ability to work autonomously and show initiative.
Excellent judgment and decision-making abilities.
Accountability to senior management for actions and performance.
Previous experience with Qube property management software is preferred. In Return:
In return, you will work for a hugely backed, high-growth propco with a number of high-profile trophy assets. You'll have the opportunity to progress rapidly under the supervision of the Asset Management Director. Alongside this, you'll receive a basic salary of c£50,0000 - £55,000 + significant benefits
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