Prestige Talent Partners
Commercial Asset Manager
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Commercial Asset Manager
Salary up to £85,000
Our client is a privately owned commercial landlord, who is now seeking to strengthen their team by appointing an experienced Asset Manager with hands-on experience working on a portfolio of mixed-use commercial properties including multi-tenanted office space, retail, and industrial/warehousing. Your key focus will be delivering the best possible service to existing and new tenants alike, whilst also ensuring that the best interests of the business are maintained at all times.
The ideal candidate will really understand how a hands-on approach in this role truly benefits all parties. This is not a role for someone who simply delegates all tasks to internal or external resources and coordinates those teams. As such, a thorough understanding of landlord and tenant matters is essential, as well as working closely with property managers to ensure that all properties are fit for purpose, well maintained, and have the potential to maximize income.
Important Responsibilities
- Proactively monitor, negotiate, and deal with tenants' lease events including rent reviews, break clauses, and lease expiries
- Full familiarity with standard commercial lease terms and ability to interpret leasing documents
- Instruct and monitor letting agents on vacant commercial properties, reviewing, negotiating, and agreeing Heads of Terms with prospective tenants via instructed agents
- Oversee the accuracy of property data to ensure it is up to date and maintained on the central system in respect of lease, service charge, and insurance for all lease events, in accordance with company processes
- Understand tenant rent statements and investigate discrepancies and variances
- Responsible for annual insurance renewal ensuring best value, including billing of recoverable insurance premia from appropriate tenants and managing insurance claims
- Instruct county court claims and manage post-CCJ recovery action
- Deal with all applications for consent, including but not limited to alterations, assignments, and underlettings
- Minimize vacant property costs, including mitigating business rates and utility charges
- Responsibility for block/building level compliance; ensure statutory audits are undertaken, recorded, and accounted for in the service charges for health & safety, fire, asbestos, water risk assessments, etc.
- Apply and correspond with the VOA to deal with all business rates matters
- Prepare/approve service charge budgets, demands, and apportionments
- Oversee Section 20 procedures for long-term service contracts and major works (where applicable)
- Ensure all projects are communicated to relevant residential and commercial tenants
- Liaise with the accounts department for end-of-year service charge reconciliations
- Oversee the recovery of relevant recharges and service charge arrears
- Oversee repair quotes and tenders to ensure costs are accounted for in financial forecasts and recovered correctly with adequate notice to tenants
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Requirements
- Minimum 5 years' comparable experience with comprehensive knowledge of relevant legislation
- Strong commercial and financial acumen
- Accuracy and attention to detail essential
- Organised, able to prioritize, manage time efficiently, and work to deadlines
- Excellent communication and writing skills
- Influencing and negotiation skills
- Ability to work autonomously and show initiative
- Ability to exercise judgement, make decisions, and be accountable to senior management for actions and performance
- Previous use of Qube property management software preferred
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