At a Glance
- Tasks: Manage diverse commercial properties and negotiate leases to ensure tenant satisfaction.
- Company: Dynamic commercial landlord with a focus on high-quality asset management.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth in a vibrant London-based portfolio.
- Why this job: Join a hands-on team and make a real impact in the commercial property sector.
- Qualifications: 5+ years in Commercial Asset Management with strong negotiation skills.
Our client is a privately owned commercial landlord, who is now seeking to strengthen their Asset Management team by appointing an experienced Commercial Asset Manager to deliver high-quality services across a diverse portfolio of mixed-use properties. This role will need someone who is hands-on with a detailed understanding of leases, service charges and obligations under the 1954 landlord and tenant act. There is very little property management involved in this role but the ability to coordinate your work with the Property Management Team and other internal colleagues is essential. You will take responsibility for the full spectrum of Asset Management and must be a proven negotiator who can find solutions that work for the company but also new and existing tenants.
Key Responsibilities will include, but not be limited to:
- Proactively monitoring, negotiating and dealing with tenants’ leases including rent reviews, break clauses and lease expiries. You will need to be familiar with standard commercial leases and be able to interpret lease terms from leasing documents.
- Selecting, instructing and monitoring letting agents on vacant commercial properties, whilst minimising costs of vacant properties.
- Review, negotiate and agree Head of Terms with prospective tenants via instructed agents.
- Ensure the accuracy of property data is up to date and maintained on CRM system in respect of leases, service charges and insurance details.
- Responsible for annual insurance renewal ensuring best value and billing recoverable premiums from appropriate tenants as well as managing insurance claims.
- Instructing county court claims and managing post CCJ recovery action.
- Dealing with applications for consent including alterations, assignments and underlettings.
- 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 and more.
- Corresponding with VOA to deal with all business rates matters.
- Approve service charge budgets, demands and apportionments.
- Oversee Section 20 procedures for long term service contracts and major works.
- Oversee that all projects are communicated to relevant residential and commercial tenants.
- Liaise with accounts department for end of year service charge reconciliations, oversee the recovery of relevant recharges and service charge arrears.
Essential experience:
- Minimum 5 years comparable experience in a Commercial Asset Management role.
- Comprehensive knowledge of relevant legislation, together with strong commercial and financial acumen.
- The ability to be hands-on and work as part of a wider commercial team is essential.
- Accuracy and attention to detail essential. You need to be organised, able to prioritise, manage your time efficiently and work to deadlines.
- Excellent communication and writing skills.
- Proven influencing and negotiation skills.
- Ability to work autonomously but also be a valuable member of the wider commercial team.
- Previous use of Qube property management software preferred.
Commercial Asset Manager in London employer: Prestige Talent Partners Ltd
As a privately owned commercial landlord, our client offers an exceptional work environment for the Commercial Asset Manager role, with a focus on professional growth and collaboration within a dynamic team. Employees benefit from a supportive culture that values hands-on experience and encourages innovative problem-solving, all while managing a diverse portfolio of properties in the vibrant Central London area. With opportunities for career advancement and a commitment to maintaining high standards, this company is an excellent choice for those seeking meaningful and rewarding employment.
Contact Details:
Prestige Talent Partners Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Asset Manager in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant online groups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its portfolio. Understand their properties and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your negotiation skills! As a Commercial Asset Manager, you’ll need to demonstrate your ability to find solutions that work for both the company and tenants. Role-play scenarios with friends or mentors to build your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Commercial Asset Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Commercial Asset Manager role. Highlight your experience with leases, service charges, and any relevant legislation. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific experiences that relate to the responsibilities listed in the job description. We love a good story!
Show Off Your Negotiation Skills:Since negotiation is key in this role, make sure to include examples of successful negotiations you've handled in the past. We want to know how you can find solutions that work for both the company and tenants.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at Prestige Talent Partners Ltd
✨Know Your Leases Inside Out
Make sure you brush up on your knowledge of commercial leases, especially the 1954 Landlord and Tenant Act. Be prepared to discuss specific lease terms and how they apply to different scenarios. This will show that you’re not just familiar with the theory but can also apply it practically.
✨Showcase Your Negotiation Skills
Since this role requires strong negotiation abilities, think of examples from your past experiences where you successfully negotiated lease terms or resolved tenant issues. Be ready to explain your approach and the outcomes, as this will demonstrate your capability in a real-world context.
✨Familiarise Yourself with the Portfolio
Research the properties within the portfolio, especially those around the M25 and Central London. Understanding the local market and any unique challenges these properties might face will help you stand out as a candidate who is genuinely interested and proactive.
✨Prepare Questions for Them
Interviews are a two-way street, so prepare insightful questions about their asset management strategies and how they collaborate with the property management team. This shows that you’re thinking critically about the role and how you can contribute to their success.
