Commercial Asset Manager

Commercial Asset Manager - OUR CLIENT is an established property investment and management business that has been actively acquiring assets over the past two years. The portfolio is predominantly made up of multi-let industrial estates and retail/shopping centres, alongside office assets. With the business continuing to grow, they are looking to appoint an experienced Commercial Asset Manager.

THE ROLE

As Commercial Asset Manager, you will take ownership of asset performance, combining strategic oversight with a detailed understanding of the buildings themselves. From managing lease events and identifying opportunities to enhance value to overseeing refurbishment and resolving complex building issues, you will need the technical knowledge and commercial judgement to challenge recommendations, identify the right solutions and make informed decisions.

Key Responsibilities:

• Strategic Asset Management: Developing and implementing asset management strategies and business plans to maximise portfolio performance, enhance capital values, improve returns and identify opportunities for income growth and value creation.
• Lease & Tenant Management: Proactively managing lease events, including rent reviews, lease renewals, break clauses and expiries. Interpreting commercial lease documentation, negotiating terms and dealing with tenant applications for alterations, assignments and underlettings.
• Leasing & Vacancies: Instructing and managing letting agents, overseeing vacant units, negotiating heads of terms with prospective tenants and minimising void costs, including business rates and utilities.
• Income & Financial Management: Monitoring rental statements, investigating discrepancies, managing service charge budgets, demands and reconciliations, overseeing arrears and ensuring the recovery of appropriate tenant recharges.
• Insurance Management: Managing annual insurance renewals, securing competitive terms, recovering premiums from tenants and overseeing insurance claims.
• Property Compliance: Ensuring statutory compliance across the portfolio, including fire safety, health and safety, asbestos and water risk assessments.
• Service Charges & Projects: Overseeing Section 20 procedures where applicable, managing repair tenders and quotations, and overseeing maintenance and improvement projects.
• Property Administration & Reporting: Maintaining accurate property and lease data, managing business rates matters with the VOA and working closely with the accounts team on financial reporting and year-end reconciliations.

About You:

To be successful candidate for the Commercial Asset Manager role, you will have:

• 10+ years' comparable commercial property or asset management experience.
• Proven hands-on, client-side strategic asset management experience, with a strong understanding of buildings, construction and maintenance solutions.
• Experience managing lease events, overseeing refurbishment and driving asset performance.

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