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Lead, Asset Management
2 months ago
WeWork is a global platform for creators, providing hundreds of thousands of members around the world with space, community and services that enable them to do what they love and create their life’s work.
WeWork India, is run by the Indian real estate conglomerate, Embassy Group and commenced operations in 2017. Currently, it has over 62,000 members and 55+ locations and eight cities in India - Bengaluru, Chennai, Mumbai, Gurugram, Delhi, Noida, Hyderabad, and Pune. Its portfolio comprises small and medium enterprises, start-ups, large businesses, freelancers, etc. Our mission is empowering tomorrow’s world of work.
Flexibility is paramount in today’s workforce and the WeWork India team is laser-focused on fuelling growth opportunities and fortifying its position as the leading flexible workspace brand with customisable and innovative solutions for all businesses. In October, WeWork India made its first investment in Bengaluru-based conferencing and collaboration platform, Zoapi. Founded in 2019, Zoapi is a unified conferencing and collaboration solution provider for enterprise companies, coworking spaces, and education centres.
WeWork India’s latest brand campaign ‘Great Inspires Great’, showcases the breadth of products at WeWork India which makes it the ideal end-to-end workspace solutions provider in a hybrid and flexible world. WeWork’s products include digital offerings like On-demand, All Access, Managed Office by WeWork, and its space as a service portfolio consisting of private offices, custom build offices, and conference rooms, among others.
WeWork India is the country’s leading flexible workspace provider that offers a personalised experience to different types of professionals with varied needs through its innovative and customised offerings. WeWork India is home to a community of diverse set of people – from innovators to visionaries to dreamers and go-getters, making it a space where people meet and inspire each other to achieve greater heights of success. You can learn more about our team and organisation here. Read more about our culture code to understand how we do things.
About the role
The Asset Management role is responsible for ensuring efficient lease administration, real estate portfolio management, financial analysis & performance monitoring, and stakeholder management.
Roles and Responsibilities:
- Portfolio Strategy:
- - Developing and executing strategies to optimize the performance of commercial real estate assets within a portfolio
- - Assessing the market conditions and determining the optimal time and strategy for property disposition or redevelopment
- - Asset managers oversee the renegotiation strategy, coordinate with TMs and the Underwriting team to provide direction.
- Lease Management/ Administration:
- - Deploying software for lease tracking
- - Developing lease abstracts and tracking critical dates
- Financial Analysis and Performance Monitoring:
- - Conducting financial analysis to assess the performance and profitability of assets
- - Asset managers prepare regular financial reports and provide insights to stakeholders regarding the performance of the portfolio and individual properties.
- Finance & Rents:
- - To maintain the REFX records / rent schedule
- - Rent payout reporting
- - Invoicing mechanism improvement and implementation
- Landlord Management:
- - Attornments & related documentation
- - Act as a POC for post-open handover within RE team
Education and Desired Qualifications:
- 4+ years of relevant work experience in Asset Management
- Strong capabilities in analyzing leases, understanding commercial terms & clauses
- Strong understanding of financial statements
- Understanding and exposure to portfolio management
- Impeccable and concise communication and presentation skills, verbal and written
- Teamwork, cooperation, and ability to take direction
- Reliable, focused and detail-oriented
- Demonstrated ability to consistently meet deadlines
- Strong time management skills and experience managing multiple stakeholders
- Excels under pressure; ability to work both independently and cooperatively in a fast-paced environment
- Knowledge of Excel and other MS Office applications and G-Suite Applications
Equal Opportunity Employer
WeWork India is an Equal Opportunity and Affirmative Action Employer. We celebrate diversity and are committed to creating an inclusive environment for our employees and members. Employment decisions are made without regard to race, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status or other characteristics protected by law.
We expect all employees to embody our values and all aspects of employment including the decisions to hire and promote, are based on merit, competence, performance and business needs.
Our total rewards philosophy is aimed at providing compensation that is competitive, performance linked and helps us attract and retain the talent we need to drive our business forward and serve our members. As part of WeWork India, our commitment to you is that you’ll be surrounded by career opportunities in a culture that fosters collaboration, flexibility and inclusion.
