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Asset Management Leader – Bangalore

Bengaluru, Karnataka Real Estate & Leasing Full Time

Job description

WHY WE WILL LOVE YOU

You are innovative and get motivated by delivering results within a given framework. You are eager to take leadership over your own tasks and areas of responsibilities and at the same time leading business and people together. We believe you want to participate to an environment where the IKEA culture is a strong and a living reality, embracing the diversity of co-workers and customers. You bring previous experience from asset management in the real estate industry and in dealing with authorities. You have an academic degree in law/urban planning/business administration/architecture and you are fluent in English. Moreover you are experienced working with Microsoft Office applications. You have knowledge in following: • Urban planning & permitting: Knowledge of how to work with public administrations, to optimize land usage in terms of technical and authority aspects of infrastructure, protection and use of environment, planning and permitting. • Business risk management: Knowledge of how to assess and mitigate risks in a business environment • Project management: Knowledge of how to initiate, plan, execute, control and close a project. • Real Estate Asset Management: Knowledge about maximizing the value of Ingka Group Properties, by proactive management of relations, permits, continuous obligations, and real estate matters on and off site like CAMS, capex and opex and including negotiations with public and private stakeholders • Real Estate Asset Information Knowledge: Knowledge about Ingka Group property assets, including key data & information to enable follow up and proactive strategic decisions in relation to the Property asset • Property related taxes in Asset Management: Knowledge of the real estate taxes calculation principles and processes of their reduction in order to manage real estate/property taxes, negotiate tax incentives, and secure the tax optimization through the life-cycle of the assets • Real estate rights protection: Knowledge of different ways, processes and tools to protect rights of Ingka for its properties • Real estate information sources: Knowledge of different sources of real estate information (public register, register of rights) and ways of working with them • Portfolio Management: Knowledge how to optimise use of the real estate portfolio. Provide overview, insights about Ingka properties. Secure business capacity through properties and their interaction You also have the qualities to negotiate and explore alternatives to reach outcomes acceptable to all parties. Decision making comes natural to you as well as relationship building to develop virtual and other collaborative relationships to facilitate current and future objectives. You can process information in an objective manner and you always drive to accomplish goals and achieve results.

YOUR RESPONSIBILITIES

You will lead and manage the real estate topics related to Ingka properties in the country/district to secure rights and title and control obligations, protect properties from unauthorised use or negative change/loose. You will: • Define risks related to Ingka properties and develop best mitigation way • Secure operation of Ingka properties by regular monitoring/follow up of zoning, permits, property rights and obligations, third parties activities and initiate and lead actions based on monitoring findings • Build and maintain long term local relationships on real estate topics with community, public authorities, government officials, property partners and neighbours where Ingka properties are located • Represent Ingka in all real estate aspects with common areas/properties owners’ associations in order to safeguard Ingka interests, optimise operating cost of such shared areas/properties (common area maintenance - cam, OpEx and CapEx budgets and real estate taxes) • Lead land and permits related processes for all major rebuilds or extensions that involve an urban planning change or a building size increase • Work with property partners and local authorities to finalise the project continuing or pending legal obligations, and facilitate the execution of obligations • Investigate and organize the process of real estate taxes optimising during operation and support in obtaining of incentives during the permit and approval process • Organize and manage Real Estate Asset Management county/district database for all Ingka properties • Manage undeveloped Ingka properties in order to secure them and maximise value for further development • Manage easement agreements and other encumbrances in favour of third parties on Ingka properties • Work proactively with information analyses and defining opportunities in order to support property optimization and divestment of Ingka properties • Manage relations with external tenants In this role you will report to the Asset Management Manager. This role is located in located in Bangalore, India.

TOGETHER AS A TEAM

Real Estate, Ingka As engaged, open minded and curious experts in all parts of the real estate business we take responsibility for the real estate business at Ingka Group as a trustworthy, appreciated and wanted business partner. We secure new and maintain existing physical locations in order to meet the needs of the many people. We provide strategic insight based on our knowledge and understanding of the real estate portfolio in Ingka. We take the lead in delivering safe, compliant, sustainable and innovative property solutions – with Democratic design and life cycle cost on top of our mind. We actively maintain and secure that our properties are kept in relevant shape for the business

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