BALFIN Group is one of the leading investment groups in the Western Balkans region, embodying international standards with local expertise. Founded in 1993 in Vienna by Samir Mane, today, the Group has a presence in 11 countries, Austria, Albania, Kosovo, Bosnia and Herzegovina, North Macedonia, Montenegro, Switzerland, Croatia, the Netherlands, USA, and Canada. BALFIN, a diversified group active in real estate, wholesale and retail, banking, asset management, tourism, education, and logistics, employs approximately 5,000 people. Total Group’s Assets (including financial institution) is € 2.2 billion, as of 2023 data.
Job Position: Asset Manager
Department: Asset Management
Location: Tirana
Overview of the Role
Balfin Group is looking for an experienced Real Estate Asset Management professional (m/f/d) to join its team in Tirana. The person will be responsible for actively managing a portfolio of real estate assets at the property level, leasing, interacting with partners, the financial and ESG performance of a property portfolio, creating and implementing business plans for existing investments as well as preparing and presenting strategic recommendations.
The individual will look after asset management activities across all asset classes; build constructive relationships with our partners, support the regional team with know-how and works closely with the Vice President of Asset Management. This role requires a strategic and analytical approach, involving collaboration with internal teams and external service providers to formulate and implement asset plans, budgets, and leasing strategies. The role is based in Tirana. The applicant can be expected to be involved in all varying stages of the investment cycle.
Main Responsibilities
- Full asset responsibility for a dedicated portfolio including financial and ESG performance.
- Work closely with third party service providers and (joint venture) partners (including property and asset managers, leasing and investment agents, brokers, architects etc.) driving their performance.
- Coordination, monitoring and control of involved internal and external parties.
- Running budget/actual comparisons.
- Take a leading role in the creation of the annual business planning for the responsible properties and align on the joint venture business plans.
- Take the lead in lease negotiations including internal lease approval process.
- Development of action strategies and options (including repositioning) taking account of the market and life cycle and investor-specific investment strategies in agreement with other departments.
- Commercial support in the course of the purchase, sale process and/or other events in an asset life cycle.
- Creation and control of the decision models for committees and sponsors.
- Ongoing contract and process optimization for the supported portfolio.
- Responsible control of all relevant processes in the life cycle of the supported properties including development of return and performance objectives.
- Become an expert in internal systems, tools and schedules in order to deliver product on time and as per local or investment requirements.
- Maintain compliance with group and client governance, policies, and procedures.
Competencies and Requirements
- University degree with strong academic background, with additional training in real estate management as a plus.
- At least 6 years’ professional experience in a comparable position.
- Support innovation and digitalization initiatives.
- Strong spoken and written English skills.
- Proven experience in lease negotiations and the development of leasing strategies, preferably in an international environment.
- Proficiency in data analysis, report preparation, and organizational planning
- Strong ability to work in a team.
- Above-average commitment and persistence in carrying out projects and tasks in a highly transformational environment.
- Sound knowledge of the relevant property markets and contacts in the relevant markets.
- Willingness to travel as needed.
What We Offer
- An attractive benefit package, including fair remuneration based on merit and performance evaluation.
- An exceptional opportunity to develop your skills and growth within BALFIN Group.
- Extra Leave days
- Opportunity for remote work
- Recognition Rewards
- Flexible working hours
Application Procedure: To apply for this position, please submit a CV in this LINK by 18th February 2025.
* All applications will be treated with strict confidentiality according to the law No. 9887 set by the Albanian Parliament for the “Protection of Personal Data”. Only the selected candidates will be notified.
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