Strategic Leasing – Manager
Al Nasser Properties LLC
Total des années d'expérience :15 years, 3 Mois
Currently handling the planning & growth of complete portfolio of group including residential, commercial, warehouses and labor camps
Major Accountability:-
● Supervise complete life cycle of leasing & manage the teams responsible for residential/commercial/industrial property management in Abu Dhabi, Dubai and Sharjah whilst ensuring operational policies and procedures are observed with regards to contract issuance, tenancy transfers, break-leases and check-in and check-out protocols.
● Ensure the respective property teams observe the protocols for the connection of utilities, water and electricity, and registration with tawtheeq for all new projects, existing and take-over projects, together with clearances, settlement and transfer of units.
● Monitor the Property Management System in an accurate representation of the property portfolio under management and that any changes to contracts are captured and recorded.
● Ensure the efficient handover of properties to owners and landlords as per company property policy.
● Liaise with FM to ensure the managed properties common facilities are maintained in optimum condition to generate maximum revenue
● Manage the PM team responsible for issuance of contracts, sending reminder letter for renewals and termination of contracts for property portfolio.
● Ensure the operational PM procedures defined in the Operations Manual are complied with and the appropriate documentation is raised.
● Ensure renewal notifications are issued to individual tenants three months prior to expiry of contracts.
● Oversight renewal of contracts, process rent reduction requests, break-lease and short lease extensions as per the procedures outlined in the Operations Manual Oversight any vacating request occurring at expiry of lease, by notifying the respective PM team for Check-Out & outlining and collecting all administration charges pertaining to the issuance, renewal or termination of contract.
● Oversight all new properties have leasing signboards when property is ready for leasing.
● Oversight collecting VAT charges from commercial leases.
● Oversight that all data input properly while property take over and replacing cheques.
● Follow for rent collection from the government departments.
● Ensure weekly, monthly reports are generated and submitted to management.
Specific Accountability:-
● Initiate any legal cases, logging and following up the case with the Legal team and the assigned lawyer’s office.
Handle and address any local Government issues.
● Resolve any complaints from either landlords or tenants.
● Follow all issues related to Municipality and ADDC.
● Assisting on leasing the vacant units.
Major Achievements:-
● Successfully developed relationship with key brokerage firms for land matters, related authorities and lead generation
● Successfully achieved the maximum occupancy rates of 98% in fully diversified portfolio.
● Successfully advised and assured NOI of (12% to 15%) to management on various projects post analyzing on four investment quadrants.
● Successfully advised management to acquire an asset worth of AED 52 Mn with a detailed working of cash flow analysis for 20 years along with the exits plan keeping NPV and discounted cash flow.
● Supervised all the division heads for controlled expenses & revenue maximization in budgeting process.
● Increased occupancy level from 82% to 96% in all assets class collectively.
● Formalized a complete marketing team and strategy and register the group on various marketing portals which resulted in filling the GAP of occupancy level. I.e. Dubizzle, Property Finder other portal of various real estate advisory.
● Assured & signed the deal for labor camp lease facility for Ms Khidmah more than 36 Mn.
● Introduced and pioneered the use of Oracle as a CRM tool.
● Heading the software implementation steering committee.
● Succefully registered the group in SAP Ariba portal for all the big clients in UAE including ADNOC/Aldar/Provis.
Acquisitions:-
Managed and supervised the group’s property investment portfolio which varied from residential, commercial, industrial and retail properties. Orchestrate activities of complete acquisition by presenting and executing the financial feasibility of the asset, ensuing the tenants records and financial stability along with performing of due diligence of assets before signing of SPA’s. Assisting and ensuring the availability of complete documents for bank & equity funding to finance dept for taking concrete decisions for acquisitions.
Projects Developments:-
Managed and assisted GM for designing and tendering a complete commercial warehouses consisting of 46 modular warehouses a project of AED 65Mn in Al Quoz Dubai, ensured the maximum utilization of leasable area and lead the leasing team for forward leasing of the complete project.
Managed and assisted GM for complete tendering of ID packages & project management for the various chairmen’s private villas project of worth more than 125 Mn.
● Pioneered system to manage residential, commercial, retail, and industrial properties.
● Entrusted by management to fulfill high-level information and summaries before starting of acquisitions.
● Created and developed highly organized acquisition department under the supervision of GM.
● Acquired the assets with achieving of 10% to 12% operating yield with the strong negotiations skills.
● Restarted and tendered a warehouse project which had been stalled for 3+ years.
● Developed system and mechanism to manage group assets in countries such as UK, Bahrain & KSA.
Meditated negotiations between potential tenants and management. Interfaced with client to determine needs, resolve queries, and provide advice on market conditions, legal requirements during and prior to property inspection visits & leasing agreements. Utilized advertisement services to promote warehouse units all our UAE. Collated documents such as representation contracts, Lease agreements, and closing statements & tenant due diligence check before signing LA’s. Inspected premises condition and arranged maintenance as needed.
● Achieved 100% occupancy in warehouse division throughout 3 years.
● Successfully singed the commercial companies and secured 10 years lease with the tenants like Amazon (25 Mn), Coca Cola (9 mn), Noon, Galadari, Man Trucks (Trilogy) & Falcon pack.
● Assisted the Manager in Acquisition of warehouse in Jafza with the leasable area of more than 10, 000 Sqm.
● Assisted JVs in securing 100% occupancy in their warehouse division by a providing the providing property management services.
● Formulated & supervised complete leasing team for warehouse division with provided a complete oracle based data and record keeping solution.
● Actively presented the annual budget of revenue & cost along with assets development and revamping.
• Monthly Income Statement (MIS) reporting, execution & submission
• Support and report prior/current period adjustments and maintained bank reconciliations.
• Check the accuracy of monthly accruals, revenue and performed inter-company reconciliations to ensure volume allocations.
• Perform detailed analysis of accounts, prepare month end reports, and presented findings to the top-level management.
• Participate in the year-end audit; compile and prepare supporting schedules, work papers, and financial reports as requested by auditors.
• Perform daily cash management activities including recording and reconciliation of fund transfers, Petty Cash, Bank payment vouchers inter-company, and bank wire.
• Work with Accounts Receivable personnel to process transactions related to incoming payments
• Posting of accounting transactions in the ERP accurately.
• Prepare miscellaneous journal entries for re-billing invoice & adjustment
• Perform cost transfers and cost allocation for project to project
02/2014-Present Position: Chief Accountant
AL NASSER HOLDINGS (CONSTRUCTION DIVISION), ABU DHABI, UAE
• Supported and reported prior/current period adjustments and maintained bank reconciliations.
• Checked the accuracy of monthly accruals, revenue and performed inter-company reconciliations to ensure volume allocations and prices were correct.
• Adhered to the month end close checklist to ensure all month end procedures were fully completed under the strict time schedule.
• Responsible for the timely and accurate preparation and distribution of monthly, quarterly & annual internal financial statements and reports to Finance Department.
• Supported internal and external audit reviews.
• Accounted for company’s fixed assets expenditures ensuring compliance with company policies. Maintained fixed asset depreciation schedules.
• Performed daily cash management activities including recording and reconciliation of fund transfers, Petty Cash, Bank Payment vouchers inter-company, and bank wire.
• Work with Accounts Receivable personnel to process transactions related to incoming payments
• Prepare intercompany invoices from affiliate companies for processing by outsourced A/P group, resolve disputed items in a timely manner and on a daily basis.
• Prepare miscellaneous journal entries for re-billing invoice & Adjustment
• Performed Cost Transfers and Cost Allocation for project to Project
• Managed Payroll as per UAE Labour Law of more than 200 Employees
• Accountant (Happy Noon Group of Companies )
• Performed accounts payable functions for construction expenses.
• Managed vendor accounts, generating weekly on demand cheques.
• Managed financial departments with responsibility for Budgets, Forecasting, Payroll, Accounts Payable and Receivable.
• Prepared and analyzed financial statements
• Maintaining basic accounts, book keeping Reconciliation of Bank statements, Ledger entries and journal entries
• Created budgets and forecasts for the management group.
• Ensured compliance with accounting deadlines.
• Prepared annual company accounts and reports.
• Administered online banking functions.
• Supervised monthly payroll functions for employees.