Property Manager Job at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Position: Property Manager

Job Requisition ID: 1822
Job Location: Nigeria (Head Office)
Reports to: DMD, Business Development  
Direct Reports: Property Associate
Department: Business Development Department

Job Purpose

• To co-ordinate, evaluate and acquire viable and valid sites within defined business specification, operating policies and procedures to ensure growth and profitability of the company.
• To manage existing sites and relations between the company and landlords.

Core Responsibilities and Key Result Areas
Property Sourcing & Management:

• Select, acquire and manage properties in line with the Company standards and best practice across the country
• Conduct adequate property search with various regulatory agencies to confirm ownership of property
• Create data base that contains the geographical mapping of various regions in the country to understand where Company may likely locate its business
• Manage property budget, analyzes property viability and feasibility before acquisition
• Ensure market survey on trend on rental and capital values of properties across the states in the country
• Source and build relationships with prospective clients to expand business opportunities
• Develop and manage annual budgets by forecasting requirements and analyzing variances, data and trends
• Implement a system that checks the radius at which each site can be located both for Company owned stores and Franchise stores.

Due Diligence:

• Ensure that the department has policies and procedures to assure compliance to regulatory laws in the industry
• Responsible for obtaining relevant approvals and permits required to validate each site before acquisition and development
• Process certificate of occupancy, Governors consents and re-certification of landed properties identified
• Prepare budgets and administration of service charge/commission/legal fees etc. on identified properties/lease
• Ensure that Company acquire/obtain lease for valid, lawful and viable sites/location for the business
• Process certificate of occupancy, Governors consents and re-certification of landed properties identified
• Negotiate sales, purchases and lease of properties with current and potential site owners on all issues/requirements throughout the life span of the property
• Negotiation and prompt settlements of all statutory bills as regards acquisition of lease/property
• Develop and implement rental/lease agreement, Service Level Agreement, contract of sale agreement and/or as applicable with landlords or site agents which must support the interest of the company.

Risk Management / Compliance:

• Manage sites and site owner data base including monthly status of active and inactive sites
• Liaise with the technical partners, government regulatory to ensure that planning approval and applicable permits are obtained before and during execution of project
• Minimize the Company exposure and risk on property while also ensuring complete and adequate documents are stored appropriately.
• Ensure a process and system that minimize agent cost, legal fees, commission etc.
• Ensure timely reports of issues concerning sites and plan to resolve these issues as quickly as possible
• Track and report team hours and expenses on a weekly basis.

Key Performance Indicators

• Rate of legal issues on property acquisition
• Rate of exposure attributed to property site
• Turnaround time for property sourcing
• Quality of sites sourced
• Achievement of appropriate Due Diligence.

Job Specifications

• A good first Degree in Estate Management, Building, or related areas
• Minimum of 5-6 years of experience in a similar role, especially in the QSR/FMCG sector
• Possession of a Master’s Degree in Business Administration or related degree is an added advantage
• Membership of the PMC, and other relevant certification. Trainings on Property Management is also an added advantage

Knowledge Requirements:

• Knowledge of Financial Management
• Knowledge of Performance management
• Knowledge of  trends in property sales, leases and developments
• Knowledge of Estate valuation
• Demonstrates Process Management, Knowledge and Application
• Familiar with retail business as it relates to property development
• Knowledge of Budgeting and Cost Management.

Decision Expectations:

• Acts on defined procedures and decisions
• Enforces agreed decisions
• Plans own work schedule and work schedule of subordinates
• Assigns work to subordinates
• Monitor subordinates’ work performance
• Appraises/evaluates subordinates’ performance.