Leasing Manager

Overview of the role

To manage Leasing activities of all Al Futtaim Retail Brands in their expansion while maintaining relationships with all of our landlords regarding the contractual obligations as per the lease across MENA.

What you will do

• Work closely with Group Administration and retail operations of each brand to process new trade licenses and timely renewal of existing trade licenses, chamber of commerce certificates, etc., for all retail stores.
• Coordinate with respective business analysts and finance to ensure that all rental payments as per the lease agreements are processed on time and disbursed accordingly.
• Serve notices on due dates to landlords and coordinate with finance to arrange audit reports (confirmation of Gross Sales) from external auditors and furnish the same to the respective landlords in a timely manner.
• Evaluate leasing opportunities received from prospective landlords/developers, obtain all relevant information, discuss with the Head of Leasing, and conduct feasibility for management’s approval if satisfied.
• Negotiate commercial terms (based on the guidelines) for kiosks, shop-in-shops, and line shops for various retail brands and provide recommendations to the Head of Leasing.
• Ensure accurate filing of all information and agreements to enable the company to refer to it in its relationship management regarding rent payment, renewal, extension, transfer, and serve as a point of reference in case of any litigation.
• Work closely with the Group Legal to review documents (Agreement to Lease, Lease Agreement, etc.), communicate comments, and negotiate the document with landlords.
• Coordinate between the landlord and Store Development Team for the smooth functioning of fit-out of retail stores.
• Provide timely reports to management on occupancy cost, month-wise cash flow planning, and other KPIs.

Skills

Required skills to be successful

• Teamwork
• Policies and Procedures
• Financial skills
• Administrative Skills
• Communication
• Professional Knowledge
• Must be able to speak and understand English & Arabic
• Commercial awareness
• Strong customer service skills with a friendly approach
• Excellent command of the English language.
• Excellent command of the Arabic language is preferred.

What equips you for the role

• Education: Bachelor’s degree
• Minimum Experience and Knowledge: 3-4 years of experience
• Administrative Skills: Able to manage information and all documents related to Lease Agreements systematically; organized; and able to handle multiple tasks while maintaining consistency and accuracy.
• Policies and Procedures: Fully aware of the legal requirements, terms, and conditions related to Lease Agreements, and coordinates to ensure tenant compliance with the company’s policies relating to the same. Also advises and guides others on such issues accurately.
• Financial skills: Basic financial skills to manage all financial information related to lease agreements. Able to prepare relevant documents relating to lease proposals, offers, and counteroffers.