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- Tasks: Manage diverse commercial properties and negotiate leases for optimal tenant relationships.
- Company: Dynamic commercial landlord with a focus on high-quality asset management.
- Benefits: Competitive salary, professional development, and a collaborative team environment.
- 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: Opportunity to work in Central London with excellent career growth potential.
The predicted salary is between 43200 - 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. All portfolio properties are based around the M25, mainly Central London.
Key Responsibilities- Proactively monitoring, negotiating and dealing with tenants’ leases including rent reviews, break clauses and lease expiries.
- 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.
- 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 works 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
Contact Detail:
Prestige Talent Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Asset Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the property management and asset management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its portfolio. Understand their properties and any recent news. This will help you tailor your answers and show that you're genuinely interested in the role. Plus, it’ll give you a chance to ask insightful questions!
✨Tip Number 3
Showcase your negotiation skills! Be ready to discuss specific examples of how you've successfully navigated lease agreements or resolved tenant issues in the past. This is key for a Commercial Asset Manager, so make sure you highlight your experience.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got a streamlined process that makes it easy for you to submit your application. Plus, it shows you’re serious about joining our team and helps us keep track of your application.
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 demonstrate your negotiation skills and ability to work with tenants.
Showcase Your Attention to Detail: In this role, accuracy is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best work, so double-check everything before hitting send!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Prestige Talent Partners
✨Know Your Leases Inside Out
Make sure you have a solid understanding 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, come ready with examples of past negotiations you've successfully handled. Think about how you found solutions that benefited both the company and tenants. This will demonstrate your capability to manage complex situations effectively.
✨Familiarise Yourself with the Portfolio
Research the types of properties in the portfolio, especially those around the M25 and Central London. Understanding the local market dynamics will help you speak confidently about how you can add value to their asset management strategy.
✨Highlight Your Teamwork Approach
This role involves coordinating with various teams, so be ready to discuss how you’ve successfully collaborated with others in previous roles. Share specific instances where your teamwork led to successful outcomes, showing that you can work autonomously while being a valuable team player.
