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PASSENGER RAIL AGENCY OF SOUTH AFRICA (PRASA) - ASSISTANT MANAGER: REAL ESTATE & ASSET MANAGEMENT (REAM) -12 MONTHS CONTRACT
PASSENGER RAIL AGENCY OF SOUTH AFRICA (PRASA)
EXTERNAL ADVERTISEMENT
JOB TITLE: Assistant Manager: Real Estate & Asset Management (REAM) -12 Months Contract
SALARY GROUP: Assistant Manager
LOCATION: KwaZulu Natal (KZN)
DEPARTMENT: Real Estate & Asset Management
REFERENCE: R&S/REAM/02/11/2021
Mission
To manage and coordinate leasing, marketing and maintenance activities in respect of retail, commercial and residential premises to maximize profitability, viability and return on investment of the region.
Key Responsibilities:
• Ensure the effective revenue management services mainly on Development leases within the Portfolio, i.e. timely rent reviews done, managing turnover rental due, cessions, amendments, etc.
• Perform Site inspections of properties on a weekly basis and submit the relevant reports.
• Ensure compliance, accuracy of data captured on the system versus physical inspections and minimize audit findings.
• Render a comprehensive revenue management service
• Managing leases in terms of lease negotiations, concluding new leases, lease renewals etc. And ensure negotiation of the best possible rentals and escalations on new leases and renewals.
• Identifying opportunities for additional space creation / optimization with a view to maximize potential income.
• Processing of property information, i.e. cessions, change in size of property, etc. in accordance with Leasing procedures.
• Manage and monitor current monthly billings to ensure the tenants are correctly in terms of the lease.
• Perform regular lease audits and Prepare and submit revenue budget in your portfolio.
• Review valuation reports and proposed rentals on renewals.
• Attend to tenant queries and resolve accordingly.
• Managing turnover leases by monitoring, reviewing and adjusting rentals in terms of lease/turn over clauses.
• Providing information and feedback to both internal and external auditors in terms of lease audits and take corrective action where required.
• Ensuring that all rental units are metered, and monthly meter readings are received and captured in the system.
• Prepare submission and presentations, as and when required.
• Check all RMAs for correctness prior to approval by the delegated authority.
• Assist and liaise with attorneys and Legal services on tenant/lease related matters.
• Identifying underutilized space with the view to convert to lettable space in order to increase GLA and maximize revenue streams.
• Analyzing property market trends and forecast their impact on the company property market portfolio.
Knowledge:
Contract Law (particularly lease contracts), Property legislation, PFMA, Occupational Health & Safety Act, updated knowledge of general property regulations, municipal by-laws and regulations, strong leasing background and property management
Skills:
Excellent administrative skills, Advanced MS Office skills, excellent communication skills, negotiation skills, report writing skills, relationship management skills, leadership skills, ability to work in a result-oriented environment.
Attitude:
Attention to detail, solutions driven, emotional intelligence, creative and innovative, awareness of external environment, quality oriented, resilience, result driven, team player, customer orientation, and proactive.
Minimum Requirements:
• Grade 12
• National Diploma or B Degree in Real Estate / Property Management or equivalent
• 3 – 5 years’ experience in Property and Asset Management
• Minimum of 3 years’ experience in supervisory level
• Valid Driver’s License
• Review valuation reports and proposed rentals on renewals.
• Attend to tenant queries and resolve accordingly.
• Managing turnover leases by monitoring, reviewing and adjusting rentals in terms of lease/turn over clauses.
• Providing information and feedback to both internal and external auditors in terms of lease audits and take corrective action where required.
• Ensuring that all rental units are metered, and monthly meter readings are received and captured in the system.
• Prepare submission and presentations, as and when required.
• Check all RMAs for correctness prior to approval by the delegated authority.
• Assist and liaise with attorneys and Legal services on tenant/lease related matters.
• Identifying underutilized space with the view to convert to lettable space in order to increase GLA and maximize revenue streams.
• Analyzing property market trends and forecast their impact on the company property market portfolio.
Knowledge:
Contract Law (particularly lease contracts), Property legislation, PFMA, Occupational Health & Safety Act, updated knowledge of general property regulations, municipal by-laws and regulations, strong leasing background and property management
Skills:
Excellent administrative skills, Advanced MS Office skills, excellent communication skills, negotiation skills, report writing skills, relationship management skills, leadership skills, ability to work in a result-oriented environment.
Attitude:
Attention to detail, solutions driven, emotional intelligence, creative and innovative, awareness of external environment, quality oriented, resilience, result driven, team player, customer orientation, and proactive.
Minimum Requirements:
• Grade 12
• National Diploma or B Degree in Real Estate / Property Management or equivalent
• 3 – 5 years’ experience in Property and Asset Management
• Minimum of 3 years’ experience in supervisory level
• Valid Driver’s License
Closing Date: 31 March 2021
Please note that the placement will be in line with the company Employment Equity plan. Should you not hear anything in three months from the closing date, please consider your application unsuccessful.
Please apply by completing an internal application form and submitting your CV together with certified (not more than 3 months) copy of ID & certificates to: Human Capital Management: Prasa Cres, P.O BOX 51324 Musgrave RD, Durban 4062 or 65 Masabalala Yen gwa Avenue, Jeff Taylor Crescent, Durban Station Building, or email: PrasaCes.RecruitmentKZN@prasa.com (PLEASE NOTE THAT INCOMPLETE APPLICATIONS WILL BE DISCARDED)
As per PRASA Employment Equity Plan, this position is earmarked as follows:
Male: African, Indian, Coloured, White
Female: African, Indian, Coloured, White