Leasing Manger

Leasing Manager

Location: Riyadh, SA Job Requisition ID: 163755

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role:

As Leasing Manager, you will be part of the Al-Futtaim Retail Leasing team and will be responsible for liaising with Property and Real Estate Developers across the Region to manage the Retail Leasing portfolio of Al-Futtaim Retail-MENA. This role has both financial and legal elements and provides a central source of information, expertise, and management capability to the company’s internal stakeholders.

What you will do:

1. Management, negotiation and formalization of all Retail Leasing transactions within the assigned portfolio.
2. Building and further strengthening relationships with Landlords & internal stakeholders.
3. Source and negotiate prime Real Estate for existing and new brands on the most effective commercials and leasing terms.
4. Track, monitor and communicate any critical non-negotiable clauses with agreed deals.
5. Execute all lease admin related work, review lease contracts, complete legal review, payment processing, tracking and safe keeping of leasing related documentation.
6. Ensure lease related system and tracking sheets are kept updated.
7. Plan and execute rollout of locations for existing and new Retail brands under Al-Futtaim Retail.
8. Negotiate and execute early surrender/termination of existing leases for store closure with minimum financial impact.
9. Track and manage renewals with the objective to ensure that the most competitive rates are achieved.
10. Analyze performance of the existing portfolio and negotiate to achieve rental reduction for existing leases/locations.
11. Run regular leasing reporting on lease related data and provide information and insights to Management and internal stakeholders.
12. Support the lease review process and work closely with the internal stakeholders including the Legal Department.
13. Streamline the process of opening, closing, and renovating stores by communicating and liaising necessary information between the Store Development Team and the Landlords.
14. Support each Business Division in finalizing feasibility reports for new projects, which will be presented to the Al Futtaim Retail Investment Committee.
15. Prepare presentations for Management on leasing related assignments and brand expansion strategies.
16. Ensure all data/material related to Regional Properties are maintained such as Mall Floor Plans, existing/New Mall relevant details.
17. Develop, maintain, and enhance the policies & process framework of the Leasing Department.

What you will need:

1. A minimum of 2-3 years of experience in retail leasing.
2. A strong network of connections in the KSA market.
3. Strong financial analysis and lease negotiation skills.
4. Knowledge of legal frameworks for lease agreements.
5. Ability to build relationships with landlords and stakeholders.
6. Proficient in data management and lease reporting.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.