Vishal Mega Mart - Associate General Manager - Business Development - New Store Opening

Role & Responsibilities:

Property Management:

- Oversee the management of the company's existing real estate portfolio, ensuring properties are maintained to high standards.

- Manage relationships with property managers, landlords, and other external partners.

- Ensure compliance with local, state, and federal regulations related to real estate and property management.

Financial Management:

- Prepare and manage budgets for real estate projects, ensuring cost-effective and timely completion.

- Analyse financial performance of real estate assets and make recommendations for improvement.

- Negotiate lease terms and agreements to secure favorable conditions for the company.

Site Selection and Acquisition:

- Lead site selection process for new retail locations, considering factors such as demographics, traffic patterns, and competitive landscape.

- Conduct due diligence and feasibility studies for potential acquisitions and leases.

- Coordinate with legal, finance, and other departments to execute real estate transactions.

Project Management:

- Oversee development and construction projects, ensuring they are completed on time, within budget, and to company standards.

- Coordinate with architects, contractors, and other professionals to manage project timelines and deliverables.

- Address any issues or challenges that arise during the development process.

Strategic Planning and Development:

- Assist in developing and implementing the company's real estate strategy in alignment with business goals.

- Conduct market research and analysis to identify potential locations for new retail outlets.

- Develop and manage a pipeline of real estate opportunities, including acquisitions, leases, and dispositions.

- Collaborate with senior management to establish long-term real estate plans and objectives.

Team Leadership and Collaboration:

- Lead and mentor a team of real estate professionals, fostering a collaborative and high-performance culture.

- Work cross-functionally with other departments, including operations, finance, and marketing, to support overall business objectives.

- Provide regular reports and updates to senior management on real estate activities and performance

Education and required Experience:

- Degree in Real Estate, Business Administration, Finance, or a related field; MBA or other advanced degree preferred.

- Minimum of 10+ years of experience in real estate, with a focus on retail properties.

- Proven track record of successfully managing real estate transactions, including acquisitions, leases, and development projects.

- Strong financial acumen and experience with budgeting and financial analysis.

- Excellent negotiation, communication, and interpersonal skills.

- Ability to manage multiple projects simultaneously and meet deadlines.

- Proficiency in real estate management software and Microsoft Office Suite.

- Knowledge of local, state, and federal real estate regulations.
- Willingness to travel as required