Assistant Manager, Occupancy Costs Controls

6 months ago

Toronto, Canada Scotiabank Full time

Requisition ID: 193965

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Demonstrate good management and control of the Bank’s Canadian and international occupancy costs through the examination of premises expenses and the review of landlord’s billing for base rent, operating cost, and realty tax recoveries to ensure compliance with their respective leases.

**Is This Role Right for You? In this role, you will**:

- Review and perform analysis to validate landlord rental charges by ensuring billings are valid and are made in accordance with the respective lease agreements and local international protocols.
- Liaise with different groups to gather information regarding real estate transactions including new branch openings, area certification, rental payments, expiring leases, escalations, and other lease inquiries to action appropriate rental payments in coordination with international teams.
- Approving rental payments on time ensuring billings are in accordance with the respective lease, and managing the process associated with opening and consolidating of branches.
- Auditing, analyzing, and negotiating changes in billings to ensure equitable and fair chargebacks in accordance with documented lease agreements.
- Realizing savings and cost reductions by leveraging the knowledge of commercial leases and audits of landlord reconciliation and billings.
- Proactively and selectively auditing high-risk situations followed up by maintaining control to reconcile variances and recovered savings.
- Providing expert advice to other Bank staff regarding occupancy costs matters.
- Collaborating as a team builder by sharing ideas and supporting other team members.
- Embracing the Bank’s core values and supporting Diversity, Equality, and Inclusion initiatives.
- Providing special research support and recommendations on new initiatives and other projects, as required.

**Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have**:

- A business degree and/or relevant work experience.
- Written and verbal Spanish language skills at a professional level.
- Business experience with a broad knowledge of the international real estate industry, leasing, and costs associated with real estate.
- Knowledge of aspects of Real Estate accounting, occupancy costs, and property taxes.
- Highly developed quantitative analytic skills, as well as critical thinking ability.
- Good understanding of Real Estate Law, taxation, lease documents, and content.
- Expert negotiating skills and business acumen.
- Excellent communication skills, both verbal and written.
- Self-initiative, resourcefulness, and energy.
- Team player with good organizational and time management skills to handle multi-task assignments.
- Advanced Excel is preferred.
- Good computer skills to develop/maintain Real Estate systems/databases.
- Knowledge of the Bank's accounting system, Bank policies, and Bank procedures.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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