SUMMARY:
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POSITION INFO:
Position Summary:
The organisation strives for local market leadership and is continually seeking to enhance its reputation among both the public and members of the property industry for honesty, integrity and competence. The overall mission of the company is to ensure the provision of high-quality property services and sustainable long-term value creation across its portfolio.
As Junior Property Asset Manager, the individual will support the active management, optimisation and strategic oversight of the organisation’s property portfolio within the Eastern Cape region. The role is commercial, analytical and operational in nature, focusing on asset performance, strategic input, feasibility analysis, capex motivation and value enhancement initiatives.
The role is not an accounting, bookkeeping, tax or payroll position. Statutory reporting and transactional finance functions are performed at head office level. The Junior Property Asset Manager’s responsibility is to interpret financial and operational information, translate it into insights, and support informed asset-level decision-making.
The position reports directly to the Regional Manager – Eastern Cape and requires close collaboration with property management, leasing, facilities, finance and head office teams. The role will involve regular interaction with regional assets and therefore may require travel within the Eastern Cape from time to time as required. The position offers a fixed salary and the role will be based at the regional office in East London.
Responsibilities:
As Junior Property Asset Manager, the individual will be responsible for supporting asset-level performance, strategic initiatives and commercial decision-making across the regional portfolio. This will include, but not be limited to, the following areas:
Asset Performance & Portfolio Management
- Interpret asset-level financial and operational performance against approved budgets, forecasts and feasibilities;
- Analyse variances, identify underperformance, risks and opportunities, and prepare clear commentary for the Regional Manager and team;
- Review vacancies, lease expiries and income sustainability across the portfolio and provide guidance on how to improve these and reduce risks;
- Identify income leakage, cost inefficiencies and value erosion risks at asset level;
- Support corrective action planning in response to underperformance on a portfolio level.
Financial Analysis, Budgets & Variance Management
- Interpret management accounts, budgets and forecasts and translate financial data into commercial insights
- Assist with preparation of asset-level forecasts, cash flow projections and scenario modelling
- Analyse budget deviations and overspends and propose mitigation strategies
- Support the Regional Manager in managing and controlling overspend risks
- Prepare asset summaries and performance dashboards for internal reporting
Capex Planning, Feasibilities & Exco Submissions
- Assist with regional capex planning, prioritisation and tracking
- Prepare financial feasibilities and return analyses for refurbishments, upgrades, redevelopments and change-of-use initiatives
- Compile capex motivations and supporting documentation for submission to Exco
- Track approved capex projects against budgets, timelines and strategic objectives
- Conduct post-implementation reviews to assess performance against expected returns
Strategic Asset Management & Decision Support
- Support buy / hold / sell analysis and asset-level strategic assessments
- Assist with preparation of investment memorandums and disposal recommendations
- Conduct market research relating to rentals, demand, competitors and regional trends within the Eastern Cape
- Support longer-term asset strategy formulation and implementation
- Track execution of approved strategies and report on outcomes
Leasing, Tenant & Income Optimisation Support
- Work closely with Leasing and Property Management teams to support income optimisation initiatives
- Provide commercial input into leasing deals, renewals, restructures and incentive proposals
- Monitor tenant performance and credit risk from an asset value perspective
- Review tenant reconciliations, escalations and risks from a commercial standpoint
- Support renewal, restructuring or exit strategies where required
- Assist with preparing tender documentation and proposals
Operational Oversight & Cross-Functional Coordination
- Liaise with Property Management, Facilities, Leasing and Finance teams to ensure alignment with asset strategies
- Monitor operational issues that may impact asset value, including maintenance, vacancies, tenant risk and cost pressures
- Assist with review of operating cost structures and efficiency initiatives (without performing accounting functions)
- Escalate material risks, inefficiencies or value-impacting issues to the Regional Manager
- Support resolution of escalated operational matters
General Business & Reporting
- Prepare asset-level reports, presentations and dashboards for senior management and Exco
- Provide regular reporting and commentary to the Regional Manager
- Support ad hoc analysis and reporting requests as required
- Comply with all internal processes, policies and governance requirements
- Perform any other reasonable duties as required in support of regional asset management objectives
Key performance areas:
- Asset performance relative to budget, forecast and strategic objectives
- Quality and accuracy of asset analysis, reporting and recommendations
- Effective identification and management of risks, underperformance and overspend
- Contribution to income sustainability, vacancy reduction and value enhancement
- Quality of capex feasibilities, motivations and post-implementation reviews
- Support provided to strategic buy / hold / sell decision-making
- Collaboration and alignment with leasing, property management and finance teams
- Timely delivery of reports, analysis and management information
Key performance indicators:
- Asset-level Actual vs Budget performance reports
- Variance analysis and corrective action tracking
- Vacancy, lease expiry and income improvement strategy preparation and execution thereof
- Capex spend vs approved budget and timeline tracking
- Feasibility and ROI analysis outcomes vs actual performance
- Asset strategy implementation tracking reports
- Portfolio dashboards and management reporting packs
- Ad hoc analysis and Exco submission quality and turnaround times
Qualifications & Experience
- Degree or diploma in Property Studies, Real Estate, Finance, Economics, Commerce or a related field
- 1–3 years’ experience in property, asset management, property analysis, consulting or property finance roles
- Exposure to retail, commercial, mixed-use and/or student portfolios advantageous
- Strong Excel and financial modelling and presentation skills
- Eastern Cape market knowledge will be beneficial
Should you wish to apply please email your CV through to Meriek Robinson at
Only shortlisted candidates will be contacted. Should you not receive a response within 14 days please consider your application unsuccessful. We will keep your CV on our database for any other relevant roles that may arise.
