Job Description
GENERAL MANAGER - PROPERTY &
INVESTMENT – KRC/HR/2023/03
Reports to: Group Managing Director
Job purpose
The functions of the Division are to manage and market all the Corporation’s property as well as ensure maximum
return on property investment for renting and selling. In addition, the division is responsible for developing,
implementing and advising management on sound investment strategy to ensure optimal returns.
Primary Responsibilities
The main duties and responsibilities will include but not be limited to;
i) Initiate the development, review and implementation of strategy, policies and guidelines on Property and
Investments.
ii) Contribute to the development and timely implementation of the divisional strategy and annual work
plan/budget.
iii) Coordinate management and administration of existing rental properties. This includes letting and reletting of vacant spaces, rent collection, follow-up of arrears, eviction, distress, routine management, and
handle enquiries.
iv) Oversee maintenance works repairs, alterations, and maintenance of service level agreements.
v) Manage the maintenance and statutory inspections of all properties and loose assets.
vi) Manage preparation of reports for management information, feasibility studies and proposed projects.
vii) Manage the development and investment projects in line with corporate strategies and Board expectations.
viii) To advise management on sound investment policies, procedures, and control systems to ensure
accountability in all investment areas.
ix) Ensure timely preparation of investment schedules on a weekly/monthly basis or as required.
x) Continuously review investment portfolio with a view to acquire and dispose for capital gains, interest,
income, or liquidity.
xi) Analyze and gather intelligence on all investment proposals and make appropriate investment
recommendations.
xii) Create and maintain an investment database.
xiii) Research and analyze financial and other information with a view of providing proactive response to market
changes.
xiv) Ensure accuracy of financial data in the investment module.
xv) Ensure timely provision of financial information for investments in preparing the corporates annual
accounts and half yearly statements.
xvi) Participate in sourcing of investments by developing and executing new strategic real estate investment
alternatives and designing plans to pursue the selected strategic investment.
xvii) Develop investment strategies and provide recommendations for changes or enhancements to improve
investment objectives.
xviii) Maximize investment performance and returns by providing close guidance and direction to portfolio
managers, and also ensure the required risk parameters, reviews and monitoring processes are in place to
maintain quality portfolios and provide for prudent investment decision making.
xix) Promote and establish good working relationships with investors.
xx) Develop a team of investment professionals to achieve annual business plan objectives and value-added
investment performance targets in accordance with the regulations, investment policies.
THE PERSON
Person Specification
i) Must have a Bachelors degree in Commerce, Economics, Real Estate or a related field and a be a holder
of a relevant Master’s degree
ii) Must have not less than 12 years’ work experience in Property & Investment Management;
4 of which should be in a managerial capacity.
iii) Be holders of a professional certification in real estate management, project management, finance or
investments.
iv) Must be a member of relevant professional bodies.
v) Evidence of growing ROI by double digit will be an added advantage.
Competencies
i) Knowledge and applied professional understanding of the principles and practices of institutional
investment management, capital markets, and portfolio analysis as it relates to Real Estate.
ii) Knowledge of domestic and global commercial real estate trends.
iii) Highly developed skills in negotiating, structuring, and documenting complex partnership agreements.
iv) A working understanding of both debt and equity real estate investments.
v) Ability to develop client relationships.
vi) Risk assessment skills-ability to compile, monitor, examine, and audit various financial performance,
and/or data reports for accuracy, integrity, and conformance to performance benchmarks.
vii) Report writing skills.