Lease Administration Section Head - MENA
Magrabi Retail
Total years of experience :15 years, 1 Months
• Negotiate the terms, conditions of the Lease agreements and finalize the deals.
• Review and execute new lease agreements and create lease abstracts with specified deadlines to describe lease terms in a manner that enables users of lease abstract data base to efficiently access accurate information in order to perform their business functions
• Execute the Roll out Plan for all our stores in the different regions.
• Plan and execute the annual budget, compare the sales verses expanses and estimate the expected rent increase for each store.
• Manage the distribution of commencement date agreements within specified deadlines.
• Partner with construction/project/property management department on new projects to monitor critical dates for lease compliance and triggering of lease/rent commencement.
• Partner with leasing manager to monitor critical lease dates and issue notices relative to renewals, terminations….etc
• Analyze and interpret lease provisions, advise property management and finance in regards to store closures, and lease terminations.
• Serve as the main point of contact for coordinating response to all issue relating to leases, post lease execution.
• Participate in property managements meetings regarding status of projects and leasing activities as necessarily
• Review new accounts, investors contracts and assuring its compliance with the rules and regulations of the Egyptian Financial Supervisory Authority
• Review all the instruction mad on the client's accounts assuring its compliance with the Egyptian Financial, company and the clients' instruction
• Establish and maintain a framework to ensure that generic compliance risks arising in the business operations and products are identified and addressed properly in the correspondent country.
• Develop/deliver adequate appropriate training programs to enhance Compliance awareness in consultation with the Chief Compliance Officer.
• Be involved in identifying changes in regulations and standards and assess the impact on business operations.
• Provide a proactive and consultative advisory service to staff on compliance related issues.