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- Tasks: Manage diverse commercial properties and negotiate leases for optimal outcomes.
- Company: Privately owned commercial landlord with a focus on high-quality asset management.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Join a hands-on team and make a real impact in commercial asset management.
- Qualifications: 5+ years in Commercial Asset Management with strong negotiation skills.
- Other info: Work primarily around the M25, mainly Central London, with excellent career progression.
The predicted salary is between 48000 - 72000 £ per year.
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 City of London employer: Prestige Talent Partners
Contact Detail:
Prestige Talent Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Asset Manager in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Commercial Asset Manager role.
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, make sure to highlight your experience with leases and negotiations. Share specific examples of how you've successfully managed assets in the past.
✨Tip Number 3
Be proactive! If you see a company you're interested in, don’t wait for them to post a job. Reach out directly and express your interest in working with them. You never know, they might have an opening just around the corner!
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare for interviews and showcase your skills. Plus, applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Commercial Asset Manager in City of 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 makes the whole process smoother for everyone involved.
How to prepare for a job interview at Prestige Talent Partners
✨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 types of properties in the portfolio around the M25, particularly in Central London. Understanding the market dynamics and challenges faced by these properties will help you speak confidently about how you can add value to the Asset Management team.
✨Prepare Questions for Them
Have a few insightful questions ready to ask at the end of your interview. This could be about their current challenges in asset management or how they measure success in this role. It shows your genuine interest and helps you assess if the company is the right fit for you.
